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25.03.26 - 23:06
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Prologis CEO Sees Prolonged AI, Data Center Tailwinds (Bloomberg)
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Prologis CEO Dan Letter joins Bloomberg Businessweek Daily to discuss the state of global logistics and shipping as geopolitics and associated risk impacts the firm's customer base. However, Prologis is optimistic about its data center business. Letter says the company's strong relationship with hyperscalers is ongoing, bolstering "a fortress of a balance sheet" as Prologis continues to secure longer-term power capacity. Letter speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...
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25.03.26 - 22:54
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Artificial Intelligence, Real Misallocation (ZeroHedge)
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Artificial Intelligence, Real Misallocation
Authored by Peter C. Earle, Ph.D,
Artificial intelligence may well be the most important technological development of the coming decade-and that is exactly why the current capital surge around it warrants skepticism. History is littered with transformative innovations that were nonetheless disastrously overbuilt and mispriced in their early phases. Austrian Business Cycle Theory was never a children's story in which every boom ends with clowns, ashes, and worthless machinery; its real claim is subtler and nastier. When the price of time is falsified-when interest rates are pushed below their natural rate-often proxied, however imperfectly, by modern estimates of the neutral rate-entrepreneurs are encouraged to undertake projects that are more roundabout, more capital-intensive, and more time-sensitive than underlying saving and final demand can actually support. The neutral rate is a policy construct; the natural rate is an economic reality. Some of...
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25.03.26 - 19:36
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Kleiner Perkins Raises $3.5 Billion to Back AI Boom (Bloomberg)
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Kleiner Perkins has raised $3.5 billion to make bets on AI startups and current portfolio companies innovating across autonomy, transportation, professional services, and space. Kleiner Perkins partner Ilya Fushman joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)...
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25.03.26 - 19:12
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Virginia Rep. Calls for Spreading AI Build-Out Across the Country (Bloomberg)
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Senator Bernie Sanders and Congresswoman Alexandria Ocasio-Cortez plan to introduce legislation that would impose a moratorium on new AI data centers, following growing pushback on their impact on energy prices. Representative Suhas Subramanyam, a Democrat from Virginia, home to one of the largest concentrations of data centers in the country, discusses what approach he thinks the country should take to the AI build-out. He speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)...
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25.03.26 - 18:01
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Meta To Lay Off Hundreds Of Workers Today As AI Pivot Accelerates (ZeroHedge)
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Meta To Lay Off Hundreds Of Workers Today As AI Pivot Accelerates
Meta Platforms is laying off a few hundred employees today as its workforce restructuring continues, following years of terrible metaverse bets and overhiring during the Covid era. Reports of another round of layoffs surfaced earlier this month, and just last week, Meta shut down Horizon Worlds, its virtual reality social network for Quest headsets.
The Information reports that a few hundred employees will be let go today as part of the company's effort to reposition itself in the AI space.
People familiar with the workforce restructuring say a majority of the cuts will focus on staff in Reality Labs, social media teams, recruiting, and a smaller number of sales roles.
“Teams across Meta regularly restructure or implement changes to ensure they're in the best position to achieve their goals. Where possible, we are finding other opportunities for employees whose positions may be impacted," a Meta spokesperson told the ou...
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