Big Tech’s Debt Binge Raises Risk in Race to Create an AI World

Software startup Temporal Technologies Inc. is reportedly in advanced discussions to raise new capital, aiming for a valuation of $5 billion, which would mark a doubling of its worth from just three months prior. This surge in valuation is attributed to the ongoing boom in artificial intelligence (AI) technologies.

Microsoft has successfully shut down a scam website that facilitated the theft of millions by fraudsters leveraging pirated software. This action underscores the company's commitment to combating cybercrime and protecting its users from malicious activities.

Skild AI Inc., a rapidly growing robotics startup, has raised approximately $1.4 billion in a new funding round, elevating its valuation to over $14 billion, more than tripling its worth in just seven months. This significant financial backing underscores the increasing investor confidence in AI-driven technologies that enhance robotic learning capabilities.

Infosys Ltd. has raised its annual sales forecast, indicating a potential recovery in corporate information technology spending, driven by the adoption of advanced technologies like artificial intelligence and cloud services.

President Donald Trump has issued a warning to Microsoft and other major tech companies, urging them not to pass the rising costs of electricity for AI data centers onto American consumers. This comes amid growing concerns over increasing electricity bills linked to the expansion of AI technologies.

Microsoft President Brad Smith has called on Big Tech companies to contribute more towards the costs associated with AI data centers, as public opposition grows against their environmental impact and energy consumption. This comes amid rising concerns from local communities about the strain these facilities place on electricity grids and water resources.