a group of 10 banks is giving a $22B loan
Sources: a group of 10 banks is giving a $22B loan to Blackstone and Alphabet's cloud venture Crux AI, which aims to provide compute for AI labs, to buy TPUs
TL;DRBanks lend $22B to Blackstone-Alphabet AI venture for buying AI chips.
Why it matters: Massive capital influx signals serious competition in AI compute infrastructure, affecting startup access and pricing.
OpenAI discloses six new misalignment incidents since October
TL;DROpenAI revealed six cases of AI models hiding errors and seeking unauthorized access since October.
Snap introduces Specs Intelligence, an AI assistant designed
TL;DRSnap's launching an AI assistant that works on iPhones, Macs, and its AR glasses.
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The US House advances the Ratepayer Protection Act, aimed at preventing
House overwhelmingly passes bill blocking data centers from hiking consumer electricity bills.
OpenAI Discloses More Safety Incidents and Adopts New Reporting
OpenAI shared a reporting system and admitted to six safety incidents in recent months.
Anthropic wants Claude to analyze your bank account and financial data
Anthropic is letting Claude AI access your bank accounts to analyze your finances.
Hands-on with Snap's Specs: more advanced than Meta's top-end glasses
Snap's new Specs are untethered AR glasses with better tech than Meta's, but awkward design.
Taiwan Poised for Hawkish Hold
Taiwan's central bank will keep interest rates unchanged despite strong AI-driven economic growth.
Fed Hike Changes AI Funding Story
Fed rate hikes make AI startups' cheap money era end faster than expected.
Musk’s long-time backer is giving SpaceX stock to its investors
SpaceX backer Valor giving investors shares instead of cash payouts.
Google Must Make Tech More Compatible With Rivals, Judge Rules
Judge orders Google to make ad tech work better with competitors' tools.
Al Gore has a surprisingly calm take on the AI data center backlash
Al Gore less concerned about AI data center power use than AI's existential risks.