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Amazon takes on $17.5 billion in new debt as AI spending pushes total borrowing past $225 billion
Amazon has agreed to a $17.5 billion delayed-draw term loan led by Citigroup, the latest in a borrowing spree fuelled by its race to build AI infrastructure. The cash is available through the end of S [...]
Mistral drops Voxtral Transcribe 2, an open-source speech model that runs on-device for pennies
Mistral AI, the Paris-based startup positioning itself as Europe's answer to OpenAI, released a pair of speech-to-text models on Wednesday that the company says can transcribe audio faster, more [...]
Battlestar Galactica might finally get the video game adaption it deserves
In the 16 years since Ronald D. Moore's take on Battlestar Galactica ended its official TV run in 2009, the most surprising thing about the series is that it hasn't inspired many great games [...]
Snap cuts 1,000 jobs as Spiegel bets AI can do the work of a bigger workforce
Snap is cutting roughly 1,000 jobs, or 16% of its full-time workforce, as CEO Evan Spiegel cites AI-driven efficiency gains and pursues more than $500 million in annualised cost savings. The layoffs f [...]
Goldman Sachs earnings jump. But CEO David Solomon has a warning
Goldman Sachs (GS) opened the floodgates on first-quarter earnings Monday, reporting a 15% jump in profit to $4.74 billion, or $14.12 per share. Strong trading revenues fueled the beat, and shares cli [...]
UN emissions report: The planet is falling well short of its climate targets
The outlook for future generations isn't looking so great. The UN released its annual Emissions Gap Report on Tuesday, and the news is mostly bad. The world’s projected climate path falls far s [...]