Core Scientific board tells shareholders to approve CoreWeave agreement

Meta has secured almost $30 billion in financing for its AI data center in Louisiana, including $26 billion in debt and $3 billion in equity from PIMCO and Blue Owl Capital. This funding supports Meta's aggressive AI strategy and its $10 billion facility in Richland Parish, which will be the company's largest data center globally at four million square feet. The project will create 500 direct jobs plus 1,000 indirect positions, with Meta committing to local hiring and renewable energy use. This financing approach allows Meta to expand AI capabilities while preserving cash reserves, highlighting the growing competition in AI infrastructure development.

Unprecedented AI investment has fueled debate over a potential bubble, with comparisons to the dot-com era. While companies invest trillions in AI infrastructure, experts are divided on whether current valuations reflect genuine technological promise or speculative excess. Financial institutions like the Bank of England warn that AI stocks have reached bubble territory, with $500 billion annual spending needed to sustain growth. The concentrated nature of investments in few core companies increases systemic risk if leaders falter, potentially impacting broader economic health. The ultimate test will be whether AI delivers transformative real-world outcomes or if success is built primarily on optimism.

UK's MI5 chief acknowledges AI's security risks while rejecting Hollywood-style doomsday scenarios. He warns AI could be exploited for espionage and disruption, particularly by China, but emphasizes these threats are manageable through proper oversight. The intelligence community advocates a balanced approach: recognizing genuine dangers without panic, while supporting responsible AI development with appropriate regulation and security measures.

Microsoft's Windows 11 update enhances Copilot AI with deeper OS integration, third-party plugins, and improved contextual awareness. New features include AI-powered file management in Explorer, smart screen customization, and enhanced accessibility tools. Business users gain AI-driven security features and admin controls. The update rolls out globally in October 2025.