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applied digital announced Wednesday that it has signed a $5 billion infrastructure lease agreement with the U.S. hyperscaler. The data center company’s stock price fell more than 7% following the announcement, continuing a recent slump that saw the stock drop more than 20% over the past week. The stock price has nearly quadrupled since the beginning of this year. The lease announced Wednesday will be for approximately 15 years and provide 200 megawatts of capacity at the company’s Polaris Forge 2 campus in North Dakota. This brings the company’s total leased capacity at its two Polaris Forge campuses to 600…
Why Victoria Beckham’s business was on the brink of ‘disaster’As David Belhassen, whose Neo Investment Partners bought a third of the Victorian business in 2017 and helped restructure its finances, recalls, he was initially adamantly opposed to getting involved. “It was a disaster,” he said in the series. “It’s never been profitable. Frankly, I’ve never seen anything so difficult to fix.” Belhassen said he changed his mind after complimenting his wife one night when he learned she was wearing Victoria Beckham clothes. And she loves the brand, too. But to be able to help, he explained, “I had to make…
Peter Endig | AFP | Getty ImagesNew Jersey Attorney General Sues Amazon The company alleged Wednesday that it violated the rights of thousands of pregnant and disabled employees at several of its facilities across the state.The complaint, filed in Essex County Superior Court by Attorney General Matthew Platkin’s office, alleges Amazon violated state anti-discrimination laws in its handling of requests for accommodations by pregnant and disabled employees.The state said the lawsuit stems from a years-long investigation by the state’s civil rights division into Amazon’s treatment of workers at warehouses across New Jersey.According to the complaint, a state investigation shows that…
AI labs are racing to build data centers the size of Manhattan, each costing billions of dollars and using as much energy as a small city. This effort is driven by a deep belief in scaling. The idea is that by adding more computing power to existing AI training methods, we will eventually create superintelligent systems that can perform all kinds of tasks. But AI researchers are increasingly saying that scaling large language models may be reaching its limits, and that other breakthroughs may be needed to improve AI performance. That’s what Sara Hooker, former vice president of AI research…
Amazon on Wednesday unveiled a new robotic system that can perform multiple tasks simultaneously in its warehouses.The system, called Blue Jay, consists of a series of robotic arms suspended from a conveyor belt-like track. These arms have suction cup devices at the end that allow them to grasp and sort items of various shapes and sizes.Blue Jay has “combined what were previously three separate robotic stations into one streamlined workplace with picking, sorting, and consolidation in one location,” Amazon said in a blog post.The goal of the robotic system is to assist employees in performing typically arduous tasks “while creating…
Ecuador, Santa Elena Department — Andres Fernando Tufinho Chira’s sister last heard from him about a year ago, when he told her he was going fishing for work, she said. Last week, she was shocked to learn that her brother was on a drug ship that was allegedly attacked by the US military. Tufinho Chira, 41, was one of two survivors of last week’s attack in the Caribbean, which President Donald Trump said was carried out on a “drug-laden submarine” sailing toward the United States. Two others were killed. Tufinho Chira and another survivor were later returned to their country…
After sparking dating rumors, Jackman and Foster appeared to confirm their romance by holding hands in Santa Monica, California on January 6, 2025, a day after Jackman attended his final show at Once Upon a Mattress in Los Angeles.Later that month, the two were spotted kissing and going on a date. Foster also supported Jackman during his residency at New York’s Radio City Music Hall.Furness filed for divorce from Jackman in May, and the divorce was finalized the following month.”My heart and sympathy go out to everyone who has gone through a traumatic journey of betrayal,” she told DailyMail.com. “This…
Mark Zuckerberg, CEO of Meta Platforms.David Paul Morris | Bloomberg | Getty Imagesmeta The company plans to lay off about 600 employees in its artificial intelligence division as it aims to reduce its hierarchy and become more agile, a company spokesperson confirmed to CNBC on Wednesday.The company announced the layoffs in a memo from chief AI officer Alexandr Wang, who was hired in June as part of Meta’s $14.3 billion investment in Scale AI. Employees in Meta’s AI Infrastructure division, Fundamental Artificial Intelligence Research (FAIR) division, and other product-related positions are affected.However, the cuts did not affect employees within TBD…
Snapchat is making its new Imagine Lens, the company’s first open-prompt image-generating AI lens, available for free to all users. Lens originally launched in September, but was only available to paid subscribers. Lenses allow users to edit and generate their own snaps using custom prompts. For example, you can ask the app to “turn me into an alien” after taking a selfie, or request an image of a “grumpy cat.” The company suggests you can use the lenses to try out Halloween costume ideas or reimagine new looks for your friends. You can share your results with friends, post them…
Arvind Krishna, Chairman, President and CEO of IBM, attends the 55th World Economic Forum Annual Meeting in Davos, Switzerland on January 22, 2025.Eve Herman | ReutersIBM reported third-quarter results that beat Wall Street expectations and raised guidance, citing continued artificial intelligence tailwinds. Still, the stock fell 5% in extended trading. Here’s how the company performed compared to LSEG estimates:Earnings per share: $2.65 adjusted vs. $2.45 expected Revenue: $16.33 billion vs. $16.09 billion expected.IBM said revenue was up 9% from about $15 billion in the same period last year. The company had net income of $1.74 billion, or $1.84 per share,…