Tech
tech
Rani Molla

Meta announces new Texas data center, partnership with Arm

Meta announced today it’s breaking ground on a new “AI-optimized” data center in El Paso, Texas that will scale to 1GW. That’s not to be confused with the city-sized AI data center it’s building in Louisiana that’s expected to scale to 5GW.

In other Meta AI data center news, Reuters reports that Meta is also partnering with chip tech provider Arm Holdings for “data center platforms to power its AI ranking and recommendation systems, which are key to discovery and personalization across its apps.” The partnership also likely represents an effort to diversify away from Nvidia chips.

Meta is expected to spend up to $72 billion in capex this year, as it amps up AI-related infrastructure projects.

Breaking Ground on Our New AI-Optimized Data Center in El Paso

Breaking Ground on Our New AI-Optimized Data Center in El Paso

Meta is expected to spend up to $72 billion in capex this year, as it amps up AI-related infrastructure projects.

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Jon Keegan
1h
Pew: Americans, Italians are the most concerned about AI, while Israelis are the most excited

A new Pew Research Center survey found widespread concern about the use of AI in daily life.

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tech
Jon Keegan

Report: OpenAI scrambles to find new revenue in its 5-year business plan

After a flurry of enormous (and confusing) deals, OpenAI has committed to spending more than $1 trillion with various partners in the AI ecosystem. Now it has to figure out how to pay for it all.

The Financial Times has some details of OpenAI’s five-year business plan and how it’s exploring “creative” ideas to secure more capital.

Among the elements of the plan:

OpenAI is currently pulling in $13 billion in annual recurring revenue, with 70% of that coming from consumer ChatGPT subscriptions, according to the report. But it also plans on burning $115 billion through 2029.

OpenAI makes five-year business plan to meet $1tn spending pledges

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Among the elements of the plan:

OpenAI is currently pulling in $13 billion in annual recurring revenue, with 70% of that coming from consumer ChatGPT subscriptions, according to the report. But it also plans on burning $115 billion through 2029.

Tom Jones
the botted line
9h
Reading an article online? It’s now a coin flip whether it was authored by a human or AI

Not this one, though.

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England’s Coldstream Guards

Google’s Waymo plans to launch autonomous rides in London next year

This marks the company’s second international expansion after Tokyo.

Rani Molla10h
$100M
Jon Keegan

Salesforce is using AI to to handle customer service, and it’s saving the company $100 million per year, CEO Marc Benioff said at the company’s Dreamforce conference, per Bloomberg reporting. Benioff also announced that 12,000 customers are using its “Agentforce” AI-driven customer service platform.

$100 million seems impressive, but to put that number in perspective, last quarter, the company reported over $10 billion in revenue.

Benioff has enthusiastically embraced the use of AI and has slashed thousands of positions as the company automates roles.

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