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SpaceX Says AI Infrastructure Credit Is Drying Up
Elon Musk says debt markets have largely stopped financing companies dependent on AI data centers, while SpaceX recently secured $40 billion in GPU-related debt backed by its broader Starlink and launch businesses.
Data Center Delays Bring Multimillion-Dollar Daily Penalties
Data center tenants are demanding late-delivery penalties exceeding $5 million per day, up from about $1 million this spring, prompting brokers such as Marsh to offer new delay-in-delivery insurance coverage.
Pop Stars Give the iTunes Store a New Role
Artists including Taylor Swift and Ariana Grande are using the iTunes Store to sell collectibles to dedicated fans while strengthening their positions on music charts.
Apple Reportedly Prepares macOS for a Touchscreen MacBook Pro
Apple has reportedly modified macOS for an OLED touchscreen MacBook Pro due Wednesday, creating an interface that adapts depending on whether the user most recently interacted through touch or the trackpad.
AI Leaders Face Growing Political Friction in Washington
Lawmakers and congressional staffers from both parties say AI industry leaders are becoming a political liability as their public messaging shifts between promises of prosperity and warnings about existential dangers.
CoreWeave Deal Helped Establish a Market for Chip-Backed Debt
A $2.3 billion private credit loan led by Blackstone for CoreWeave in 2023 became a model for financing backed by computer chips, a market Bloomberg says is on track to reach $1 trillion.
Baba Raises $40 Million for AI-Powered Health Care Tools
Baba raised a $40 million Series A led by FirstMark to develop AI tools designed to help Medicare and Medicaid patients connect with care teams and manage health care advocacy tasks.
CapitalOS Lands $21.9 Million for Embedded Financial Tools
CapitalOS raised a $21.9 million Series A led by LGVP as it builds technology that lets vertical software platforms provide spending management, cards, and bill-payment tools to small and midsize business customers.
Instagram Brings Reels and Live Shows to Apple TV
Instagram has launched an Apple TV app for watching Reels, longer videos, and live programming after previously expanding its television experience to Fire TV, Google TV, and Samsung smart TVs.
Kimi K3.1 Pro Launch Draws Influencer Disclosure Questions
Moonshot's Kimi K3.1 Pro debut is facing scrutiny over allegations that influencers were asked to promote the AI model without disclosing a commercial relationship with the company.
LSEG Agrees to Buy Credit Data Provider Octus
London Stock Exchange Group has agreed to acquire New York-based credit intelligence and workflow software provider Octus from Permira and the company's management for $3.54 billion in cash.
Meta Faces Scrutiny During Brazil's Presidential Runoff
Lula da Silva alleges that Meta has restricted his content during Brazil's presidential runoff, while a court has ordered the company not to interfere and Meta attributes the problems to technical glitches.
Apollo Economist Sees No AI Financial Payoff Outside Tech
Apollo Global Management's Torsten Slok says U.S. companies outside the technology sector have yet to see a financial payoff from AI, which is increasingly being viewed as a cost that pressures margins.
Replit Reportedly Shifts AI Spending From Anthropic to OpenAI
Replit recently moved most of its AI spending from Anthropic to OpenAI after Anthropic ended its discount, with OpenAI reportedly offering more than 30 percent off in a deal worth over $100 million annually.
Alpha School's AI Learning Claims Face a Reality Check
Alpha School says its AI-supported private-school model helps children learn twice as fast, but data cited by the New York Times shows roughly half of its K-8 students did not reach that target in math.
Sources: Elon Musk on X (@elonmusk), The Information, Financial Times, Bloomberg, Axios, Fierce Healthcare, MacRumors, VentureBeat, Wall Street Journal, Apollo Global Management, New York Times