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The Marked Chart Wire · Tech and AI
AI and chips
Meta President Dina Powell McCormick said new US data centers face political hurdles, prompting a look at overseas sites. The company plans up to $145 billion in 2026 capital expenditure for AI infrastructure.
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AI Spending
Alex Schultz, Meta's chief data officer, stated that AI productivity is essential to support an aging population. He noted that fewer than half of his team currently use AI effectively, while the company plans to raise $95 billion for AI spending.
Data Centers
Meta is reassessing its proposed $1 billion data center in Piqua, Ohio, following a charter measure that passed with 66.7 percent support. The vote included the recall of three officials who backed the project, amid broader opposition to AI infrastructure.
AI and chips
Meta is evaluating whether to proceed with its planned data center project in Piqua, Ohio.
HotAI Infrastructure
JPMorgan notes that tighter supply benefits cash-rich hyperscalers like Microsoft and Amazon, while debt-funded rivals like CoreWeave face rising costs. CoreWeave's five-year CDS spread exceeded 1,100 basis points, signaling elevated credit risk.
HotMicron
Micron has reportedly halted construction of a $3 billion to $4.5 billion memory facility in Taiwan due to a union conflict. The pause could delay high-bandwidth memory production, though current operations remain unaffected.
Quantinuum
Quantinuum outlined plans to expand its Nexus software, which supports over 200 organizations, to prepare for its Apollo system. The company is also partnering with Oracle to connect quantum processors to cloud infrastructure.
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