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Big Tech’s AI bond binge shatters ‘unspoken contract’ with investors

Big Tech’s AI bond binge shatters ‘unspoken contract’ with investors

Hyperscalers are significantly ramping up their AI capex spending — and increasingly using credit markets to fund it. But investors say this shift is challenging mega-cap tech giants’ so-called ‘fortress balance sheet’ status, and rips up what they call the “unspoken contract” that kept speculative AI spending largely separate from debt markets. After Amazon, Meta…

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America’s Peace Corps enter global AI competition with new ‘Tech Corps’

America’s Peace Corps enter global AI competition with new ‘Tech Corps’

Global betwork concept using maps from NASA. Fotograzia | Moment | Getty Images As competition with China intensifies, Washington is turning to a cornerstone of American soft power and diplomacy to expand its global influence in artificial intelligence: the Peace Corps.  The White House on Friday announced the “Tech Corps” initiative within the Peace Corps aimed…

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