Citadel founder Ken Griffin told the Future of Global Markets Conference in New York that companies have been inconsistent at extracting value from AI models despite rising spending. He said investors are 'almost certainly' in an AI bubble, while still expecting AI to create new opportunities and reshape competition. Griffin's comments came as Anthropic prepares to file for a stock market listing and reportedly plans to spend $750 billion on computing power.
Hoboken, New Jersey has recorded no traffic deaths since 2017, a result credited to expanded public transit investment, wider curbs for walkability, and camera data used to redesign crash-prone intersections. Officials note that proving an intersection's danger before acting on it remains a persistent obstacle, even in a success story. A similarly sharp improvement occurred in Edmonton, Alberta, which cut traffic fatalities by 63% and serious injuries by 40% between 2015 and 2020 through speed limit changes and crosswalk signal upgrades.
Germany's government has amended its 2023 Energy Efficiency Act to drop a requirement that new data centers recycle waste heat into municipal heating systems, replacing it with an obligation merely to study the possibility. The move follows industry complaints, including from the German Data Center Association, that the original rule made building data centers in the country nearly impossible. The amended bill is expected to go before the German parliament for ratification soon.
President Trump posted on Truth Social that data center companies should strike financial deals with nearby communities, including paying dividends to residents or local governments, claiming this has turned unpopular projects into popular ones. The comments follow examples like a Pennsylvania developer's $10,000 household grant offer and Amazon Web Services' pledge of over $1 billion for data center towns over five years.
President Trump posted on Truth Social that data center operators should strike financial deals with communities, including paying residents a 'dividend,' to boost public support for the facilities. He said this approach has turned previously unpopular projects into popular ones in areas he has observed.
NextDC shares dropped 39.5% after the Australian data center operator cut its fiscal 2027 revenue forecast to A$475-500 million from A$615-640 million, and lowered EBITDA guidance to A$245-265 million from A$385-410 million. The company blamed delays in power infrastructure upgrades at its M3 Melbourne facility, where electricity distributor Jemena suspended work due to community opposition and lack of council consent, with resumption not expected before February 2027.
Alissa Totman, a 2013 MIT graduate, now works as a physician specializing in brain injury medicine at the University of Pittsburgh Medical Center, treating adults with head trauma, stroke, and brain tumors. She traces her path into the field to her undergraduate involvement with MIT BrainTrust, a student group pairing MIT students with people living with brain injuries.
SpaceX reported its first profitable quarter as a company, with revenue climbing 161% year-over-year. The company's AI-related revenue reportedly surged roughly 830%, even as capital spending on data center infrastructure and new technology development continued to rise.
Amazon stock hit an all-time high of $284 on Aug. 3 after a strong earnings report highlighted by CEO Andy Jassy's comments on the long usable life of AWS data center servers and the resulting free cash flow. Since then the shares have fallen more than 7%, even as Morgan Stanley added Amazon to its top picks list and raised its price target from $335 to $350, implying 33% upside from Monday's close.
An opinion piece published on Entrepreneur argues that so-called 'care-centered leadership'—combining high expectations with coaching, feedback and support—builds trust and resilience within teams. The author contends that asking employees what they need and following through strengthens engagement, while distributing workloads and developing others reduces burnout and dependence on a few key people.
British data center developer Nscale is renting a vessel called The Kalmar, a three-story barge once used to detain migrants, to house hundreds of contract laborers building its 30-megawatt Glomfjord facility in Norway. The project is at least six months behind schedule after cooling system leaks, an electrical fire, and labor problems, with only 6.4 megawatts currently operational. Bloomberg reported that workers described long shifts with inadequate training and safety protocols, and that a Norwegian labor authority investigation found Nscale's personnel records incomplete, sometimes listing only a worker's first name.
Nscale is negotiating a new agreement with Anthropic worth roughly $45 billion to supply AI computing capacity, according to a source cited by Reuters. The deal would cover a second building at Nscale's Monarch data center campus in West Virginia, providing 460 megawatts of power using Nvidia's upcoming Vera Rubin chips. This follows an earlier $45 billion deal struck in August for the same campus's first facility.
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