SpaceX Raises $40B in Debt for AI Chips: The AI Credit Shift
SpaceX just borrowed $40 billion to buy AI chips, and Elon Musk says it could only do it because of Starlink and launch revenue. Lenders are now separating diversified AI players from data-center-only companies, and that split could reshape the entire AI trade. Here's what it means, and what to watch when Microsoft, Alphabet, and Amazon report this week.
Microsoft Walks Away From a UK AI Data Center — and the Problem Isn’t Chips, It’s Power
Microsoft just walked away from a UK data center built to house about 23,000 Nvidia GPUs, and the site may not get grid power until the 2030s. The AI boom has spent 3 years racing for chips. The next race may be for electricity, and the companies that win it could look very different from the ones that won the last one.