Hidden AI-related commitments are skyrocketing among Big Tech companies:
The top 9 US tech firms have ~$3 trillion in off-balance-sheet commitments, including leases for data centers and power infrastructure that have not yet commenced, as well as purchase commitments for AI-related equipment and services.
This is roughly triple the amount that these firms report on their balance sheets in leases and long-term debt.
This also compares to ~$600 billion in CapEx reported over the last year.
Alphabet, $GOOGL, alone posted an increase of more than +800% YoY in off-balance-sheet obligations, more than 7 times its YoY increase in CapEx.
This was followed by Meta, $META, which reported an increase of more than +750% YoY in such obligations, more than 9 times the increase in CapEx over the same period.
AI infrastructure is driving one of the largest corporate investment waves in history.
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The top 9 US tech firms have ~$3 trillion in off-balance-sheet commitments, including leases for data centers and power infrastructure that have not yet commenced, as well as purchase commitments for AI-related equipment and services.
This is roughly triple the amount that these firms report on their balance sheets in leases and long-term debt.
This also compares to ~$600 billion in CapEx reported over the last year.
Alphabet, $GOOGL, alone posted an increase of more than +800% YoY in off-balance-sheet obligations, more than 7 times its YoY increase in CapEx.
This was followed by Meta, $META, which reported an increase of more than +750% YoY in such obligations, more than 9 times the increase in CapEx over the same period.
AI infrastructure is driving one of the largest corporate investment waves in history.
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NOW - NASA astronaut Anil Menon and ESA astronaut Sophie Adenot are now nearly 3 hours into a 6.5 hour spacewalk outside the International Space Station to replace a Space-to-Ground antenna. Adenot is the first French woman to conduct a spacewalk β NASA
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Jason Arday dying at just 40 is sad, and I have sympathy for his family. But I donβt understand how the takeaway from all of this is that we now need a law limiting how long the media can cover someone.
Serious questions had been raised about plagiarism and his academic record. Journalists looking into those claims were doing their job. His death doesnβt suddenly make those questions illegitimate or mean the scrutiny should never have happened.
You can feel terrible about how this ended without pretending he was being investigated for no reason.
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Serious questions had been raised about plagiarism and his academic record. Journalists looking into those claims were doing their job. His death doesnβt suddenly make those questions illegitimate or mean the scrutiny should never have happened.
You can feel terrible about how this ended without pretending he was being investigated for no reason.
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"Boxing Book 1" of the Bitcoin Investment Handbook
This special copy went to a lucky person in Europe.
Did you order yours yet?
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This special copy went to a lucky person in Europe.
Did you order yours yet?
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JUST IN: Florida police officer arrested after allegedly using Flock cameras to track his estranged wife 717 times
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Further footage of youngsters in a stolen car flying down the wrong way on a motorway
Gardai arenβt trained to give pursuit, and fear theyβll get a conviction.
Something drastic needs to change.
If you can, please support our work:
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Gardai arenβt trained to give pursuit, and fear theyβll get a conviction.
Something drastic needs to change.
If you can, please support our work:
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Immigrants in Ceuta are now literally doing monkey fights
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In 1933, the federal government made it a crime for Americans to own gold and forced them to hand it over at $20.67 an ounce, then raised the official price to $35 less than a year later.
Roosevelt signed Executive Order 6102 on April 5 and used a rewritten World War I law that no longer required actual war. Congress had already stripped that limit so any declared emergency worked.
Citizens got until May 1 to comply or face $10,000 fines and 10 years in prison. Over 2,600 metric tons changed hands.
The Gold Reserve Act of 1934 locked in the new higher price after the seizure was complete. The ban stayed in place for more than 40 years. Americans could not legally own gold bullion again until 1974.
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Roosevelt signed Executive Order 6102 on April 5 and used a rewritten World War I law that no longer required actual war. Congress had already stripped that limit so any declared emergency worked.
Citizens got until May 1 to comply or face $10,000 fines and 10 years in prison. Over 2,600 metric tons changed hands.
The Gold Reserve Act of 1934 locked in the new higher price after the seizure was complete. The ban stayed in place for more than 40 years. Americans could not legally own gold bullion again until 1974.
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In this screenshot from a Minnesota Election Judge training manual, poll workers are told how to react if an ID is provided.
Theyβre told to tell voters that they DONβT NEED ID TO VOTE.
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Theyβre told to tell voters that they DONβT NEED ID TO VOTE.
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BULLISH: BoFa's recent survey reveals global fund managers turn "ultra-bullish" on stocks as confidence in the AI rally surges, per WSJ.
Equity exposure is the HIGHEST since November 2021, a record 56% expect βno landing,β and 72% see no Fed hike before the November midterms.
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Equity exposure is the HIGHEST since November 2021, a record 56% expect βno landing,β and 72% see no Fed hike before the November midterms.
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Breaking: A Tennessee man who is a member of a Satanist online network involved in the radicalization, grooming and sβxual abuse of minors has been sentenced to 77 years in federal prison.
Kyle William Spitze, a member of the β764β network, pleaded guilty to a number of federal charges including making child sβx abuse material and distributing videos of animals being crushed to death. At least two of his victims committed sβicide.
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Kyle William Spitze, a member of the β764β network, pleaded guilty to a number of federal charges including making child sβx abuse material and distributing videos of animals being crushed to death. At least two of his victims committed sβicide.
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A U.S. Navy destroyer spent four straight days without power in the South China Sea.
The USS Benfold lost its generators last month. No toilets, no air conditioning, no galley, no potable water, in blistering heat that hit nearly 100Β°F.
Crew had to be fed by another ship and eventually towed to the Philippines for repairs. No one was hurt, but the incident highlights how stretched the Navy is getting while juggling the Iran war and global commitments.
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The USS Benfold lost its generators last month. No toilets, no air conditioning, no galley, no potable water, in blistering heat that hit nearly 100Β°F.
Crew had to be fed by another ship and eventually towed to the Philippines for repairs. No one was hurt, but the incident highlights how stretched the Navy is getting while juggling the Iran war and global commitments.
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Sandisk is up 62% since July's low, on a 6-day winning streak, and is trading above its 20, 100, and 200-day moving averages Is $SNDK headed back to all-time highs? For magnified exposure, consider the Tradr 2X Long SNDK Daily ETF $SNXX from TradrETFs
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Are sexual relationships in the workplace wrong? No. In fact, a commonality of interests and experiences mean that her boss is often the exact person a woman should be having sex with
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Latest Atlanta Fed GDPNow estimate drops to 4.0% from 4.3% on August 14
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Looks like reddit is almost wiped from chatgpt sources
the query fanout changes had a big impact
and the past couple of days it seems to be almost completely removed from prompt responses
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the query fanout changes had a big impact
and the past couple of days it seems to be almost completely removed from prompt responses
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JUST IN - Hayden Panettiereβs former boyfriend was at scene when she died, police report says
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