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13.10.26 - 23:54
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Vista Equity CEO Smith on Growth of AI, Agentic Software (Bloomberg)
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Robert F. Smith, Vista Equity Partners founder, chairman and CEO, talks about the growth of artificial intelligence, agentic software and the importance of learning how to use an AI agent. He speaks to Dani Burger at CAIS in Beverly Hills, California. (Source: Bloomberg)...
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13.10.26 - 23:42
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Applied Materials CEO on Doubling Revenue Thanks To AI (Bloomberg)
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Applied Materials CEO Gary Dickerson says he expects revenue to double over the next few years. He notes that Applied Materials had opened a $5 billion research and development center in Silicon Valley to speed development of next-generation chips. He speaks with Ed Ludlow on "The Close." (Source: Bloomberg)...
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13.10.26 - 23:33
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Big Tech Pushes Back On Paying For A Grid That Was Crumbling Long Before AI (ZeroHedge)
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Big Tech Pushes Back On Paying For A Grid That Was Crumbling Long Before AI
When Big Tech signed President Trump's Ratepayer Protection Pledge in March, promising to pay for all the new grid infrastructure upgrades required to service their data centers, we cautioned that "voluntary pledges from trillion-dollar tech giants have a habit of evolving."
Seven months later, the hyperscalers are pushing back on how much of the grid's bill is theirs to pay.
The past week brought a Democratic Senate report and a North Carolina utility settlement, and FERC is expected to rule on whether new data centers must bring their own power.
But before anyone grabs a pitchfork, ask the question none of them answers: how much of this bill is really AI's, and how much is the cost of decades of grid neglect?
On Friday, Senators Elizabeth Warren, Chris Van Hollen and Richard Blumenthal released Power and Profits, the result of a nearly yearlong investigation into seven data center operators including Ama...
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13.10.26 - 22:54
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AI Industry Not Ready For Coming Crisis, Says Mukunda (Bloomberg)
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Leading AI executives are reportedly preparing for the possibility of a major AI-caused disaster within the next six to 12 months. AI systems have already been linked to multiple cybersecurity incidents, including breaches of outside systems and attacks affecting tens of thousands. Gautam Mukunda, Bloomberg Opinion Columnist & Lecturer at the Yale School of Management, explains why those incidents may be indicative of a much larger problem. (Source: Bloomberg)...
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