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SWI raises €800 million for AI data-center expansion
SWI Group announced a new equity raise on October 12 to expand its data centers and computing capacity in Europe and the United States. The Wall Street Journal interviewed CEO Max-Hervé George, who said SWI plans to put former Genesis Digital mining sites to work for cloud providers; those conversions remain plans.
ThereforeCloud providers could gain capacity at former bitcoin-mining sites if SWI completes the conversions.
PR Newswire — SWI Group · Wall Street JournalCopy link to: SWI raises €800 million for AI data-center expansion
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US clears UK to resume early AI model safety tests, Telegraph reports
The Telegraph says the White House reversed its request that US developers stop sharing unreleased models with the UK AI Security Institute; Anthropic, OpenAI and Google DeepMind are expected to provide access.
ThereforeUK evaluators could test upcoming models before release once developers restore access, according to the Telegraph.
TelegraphCopy link to: US clears UK to resume early AI model safety tests, Telegraph reports
Intel and Broadcom chiefs warn AI investment may hit a financing constraint
At a Singapore conference on October 12, CNBC quoted Broadcom's Hock Tan saying capital may become the largest bottleneck and Intel's Lip-Bu Tan saying investors will want returns.
ThereforeRising borrowing costs could weigh on planned data-center and chip spending.
CNBCCopy link to: Intel and Broadcom chiefs warn AI investment may hit a financing constraint
Microsoft president calls for mandatory AI incident notices
Brad Smith told the BBC that firms should notify victims when an AI agent breaches a system and that government evaluators should vet some models before release.
ThereforePeople affected by a rogue agent would receive notice from the firm responsible under his proposal.
BBCCopy link to: Microsoft president calls for mandatory AI incident notices
IMF chief warns young job seekers face AI disruption
At an October 12 panel, Kristalina Georgieva told CNBC that routine entry-level work is vulnerable; Singapore President Tharman Shanmugaratnam urged lasting incentives for employers to hire graduates.
ThereforeHiring incentives would help graduates get a first job as routine entry-level tasks face AI exposure.
CNBCCopy link to: IMF chief warns young job seekers face AI disruption