Plus: John Ternus defends Apple’s AI approach; Magnificent Seven debt hits USD 578 billion
Welcome back, let’s ease into a Monday where even the buildings are getting rebranded.
INFRASTRUCTURE
🏗️ OpenAI pitches a new name for data centers
Image source: techcrunch.com
OpenAI proposes rebranding data centers as 'AI compute campuses'. A Pew Research poll found that 54% of Americans say AI data centers are bad for the environment.
The details:
OpenAI is preparing a PR blitz for after the midterm elections.
OpenAI's chief global affairs officer is Chris Lehane.
Amazon and Microsoft have said they will no longer use NDAs in negotiations with local governments.
Apple CEO John Ternus defended the company's approach to artificial intelligence in an interview with Wired's Steven Levy. Ternus said Apple will use AI in its products but does not want to 'ship AI for AI's sake'.
The details:
Ternus officially became Apple's CEO at the beginning of September.
Apple has faced criticism for falling behind rivals such as Google in the AI race.
Ternus said Apple's focus is on making sure its products are secure and safe, and protecting users' information.
The combined debt of the Magnificent Seven increased nearly 45 per cent to USD 578 billion by mid-2026. The Magnificent Seven comprises Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla.
The details:
A rise in yields could result in a potential market capitalisation decline of around USD 1.67-2 trillion for the seven companies.
The combined market value of the seven companies was estimated at approximately USD 23 trillion.
Anthropic is expected to enter public equity markets around November 12 with a target valuation of USD 1.5-2 trillion.
