Tech Business
Musk says SpaceX closed $40 billion debt deal to buy AI chips
Elon Musk said the financing is mainly callable debt for GPUs due in the first half of 2027 and predicted that more than 200 neoclouds face failures.
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Tech Business
Deals, earnings, regulation and the economics of the tech industry.
AWS is largely sold out through 2027, Andy Jassy says
Amazon CEO Andy Jassy said AWS cloud capacity for 2026 is sold out and 2027 is largely sold out, as AI demand outpaces about $220 billion in planned 2026 spending.
Xbox's new XP division pushes game adaptations as Netflix changes
Xbox set up XP to run film, TV and other adaptations of its games, while Netflix, its Diablo series partner, is replacing content chief Bela Bajaria with Peter Rice.
Apollo economist: AI has delivered zero financial payoff outside tech
Apollo chief economist Torsten Slok says profit margins and revenue per worker look flat for the S&P 493, with no evidence yet that AI is lifting productivity.
Pentagon memo bars troops from insider bets on Polymarket, Kalshi
Defense Secretary Pete Hegseth's Oct. 20 memo bans trades based on nonpublic information and warns that violators could face criminal action.
- Tech Business
Finland orders Google to pause data center work after forest clearing
Finland's regulator ordered a Google subsidiary to halt tree clearing and groundwork at two planned AI data center sites until environmental reviews are done.
- Tech Business
Xbox's first COO, Helen Chiang, leaves Microsoft after a few months
Helen Chiang, promoted in July to the new Xbox chief operating officer role, is leaving Microsoft, and her duties are being split among other Xbox leaders.
- Tech Business
FCC gives Intel one-year waiver for foreign-made robot vehicles
The FCC granted Intel's request to modify automated guided vehicles in its chip plants, saying a disruption to US chipmaking would not serve the public interest.
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EA is closing BioWare and ending work on the next Mass Effect game
The studio behind Mass Effect and Dragon Age is closing as part of a broader EA restructuring that follows the company's take-private deal.
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Meta Delays Business Terms After Publishers Push Back on AI Scraping
Meta pushed back its new business terms to November 20 after publishers warned the rules could let the company harvest their content for AI training.
- Tech Business
a16z Frontier Replaces a16z Crypto as Blockchain Loses Its Shine
Andreessen Horowitz is renaming its crypto unit a16z Frontier and expanding to AI and robotics, a sign that big-fund appetite for blockchain has cooled.