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07.03.26 - 00:30
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Oracle, OpenAI End Plans to Expand Flagship Data Center (Bloomberg)
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Oracle and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI's changing needs. The collapsed talks created an opening for Meta Platforms Inc. to step in and consider leasing the planned expansion site in Abilene, Texas, from developer Crusoe, according to people familiar with the matter. Nvidia Corp., the leading AI chipmaker, helped facilitate Meta's discussions with the developer, said the people, who asked not to be identified because the talks are private. The shifting plans underscore the complexity of building out AI data centers, which are expected to cost in the tens of billions of dollars and require cooperation from a wide swath of partners. Bloomberg Tech Co-Host Ed Ludlow joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...
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06.03.26 - 23:51
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Oracle & OpenAI Scrap Texas Data Center Expansion Plan, Sending AI Stocks Lower (ZeroHedge)
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Oracle & OpenAI Scrap Texas Data Center Expansion Plan, Sending AI Stocks Lower
AI-related stocks are sliding late in the New York cash session after Bloomberg News reported that Oracle and OpenAI have scrapped plans to expand the Stargate AI data center in Abilene, Texas, from about 1.2 GW to 2.0 GW. Sources said the expansion was canceled after talks stalled over financing issues and OpenAI's changing demand forecasts.
However, the collapse of the Oracle-OpenAI plans has opened the door for Meta, which is now in talks to lease the space instead. Nvidia is reportedly helping to broker that deal and has put down a $150 million deposit with developer Crusoe.
Progress at our datacenter in Abilene. Fun to visit yesterday! pic.twitter.com/W22ssjWstW
— Sam Altman (@sama) September 24, 2025
Oracle's broader 4.5 GW data center agreement with OpenAI remains intact, and other projects are still moving forward, according to the report.
The report erased all of Oracle's intraday gains within minute...
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06.03.26 - 17:30
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Meta KI-Brille: Private Nacktaufnahmen an Mitarbeiter weitergeleitet (RND)
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Schwedische Medien haben herausgefunden, dass die KI-Brille von Meta intimste Videoaufnahmen von Nutzern an Mitarbeiter von Subunternehmen weiterleitet. Längst gibt es eine Gegenbewegung zum Trend: Neben einer Sammelklage wurde auch eine Warn-App veröffentlicht, die KI-Brillenträger in der Nähe identifiziert....
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06.03.26 - 07:30
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Mark Zuckerberg says criminal behavior on Facebook inevitable (The Guardian)
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Meta CEO, grilled about children's safety, says in taped deposition a user pool of billions will include bad actorsHarms to children, such as sexual exploitation and detriments to mental health, are inevitable on Meta's platforms, the company's CEO Mark Zuckerberg and Instagram leader Adam Mosseri said in taped depositions played at a trial in New Mexico on Tuesday and Wednesday.“I just think if you're serving billions of people, the unfortunate reality is that some very small percent of them are going to be criminals, and we should work as hard as we can to stop that activity from happening,” said Zuckerberg. “I don't think that the standard for our platforms would be that you should assume that it will ever be perfect.” Continue reading......
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06.03.26 - 05:12
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Big-Tech Signs Ratepayer-Protection Pledge (ZeroHedge)
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Big-Tech Signs Ratepayer-Protection Pledge
As the AI and data center explosion threatens to overwhelm the grid, the Trump administration organized a commitment from the hyperscalers driving that demand: pay your own way, or don't build here.
*TRUMP: TELLING BIG TECH THEY NEED TO PROVIDE THEIR OWN POWER
*TRUMP: NEGOTIATED NEW RATE PAYER PLEDGE ON DATA CENTER ENERGY
— zerohedge (@zerohedge) February 25, 2026
On March 4, the White House rolled out the Ratepayer Protection Pledge, signed by Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI. The deal is simple and overdue: these companies must build, bring, or buy every new megawatt they need, and then some. No more socializing the costs onto ordinary ratepayers already hammered by years of green-mandate fallout.
The five core commitments are straightforward:
Full funding of new generation: Companies cover 100% of new power plants or purchases, with extra capacity added where possible to actually benefit the broader grid.
Infras...
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06.03.26 - 00:54
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Trump sued in bid to undo approval of TikTok′s US sale (SCMP)
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Donald Trump and his attorney general were sued on Thursday by retail investors in two social media rivals of TikTok seeking to reverse the US president's approval of a deal by the company's Chinese owner ByteDance to form a majority American-owned joint venture.
The lawsuit, the first legal challenge to the deal, argues that Trump's approval last year violated requirements set out in a 2024 divestiture law. Two California residents who hold shares in Alphabet and Meta Platforms sued, backed by......
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05.03.26 - 20:24
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Why Lloyd Blankfein Is Happy Elon Musk Is Backing the US (Bloomberg)
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"They're on the cutting edge and they're still motivated to work. Thank goodness."
Former Goldman Sachs CEO Lloyd Blankfein joins Joe Weisenthal and Tracy Alloway on this live recording of the Odd Lots podcast to discuss private credit, rich people's attitudes towards taxes and why he is glad to have Mark Zuckerberg and Elon Musk on the side of American industries. (Source: Bloomberg)...
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