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The Marked Chart Wire · Tech and AI
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.
Part of a series: AI spending concerns drive tech stock selloff and bond issuance
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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 Spending
The company reduced the daily AI allowance for certain employees from $300 to $200 in an effort to cut internal expenses.
AI Spending
Bill Ackman stated in his Q3 letter that the trillion-dollar AI investments by Microsoft, Amazon, and Meta are offensive rather than defensive.
OpenAI
OpenAI launched Images 2.6, allowing ChatGPT users to create animated GIFs from text or photos with frame editing controls. The company reported weekly image generation rose to 4 billion from 3 billion in September.
HotData Centers
Satellite photos show the Iren Horizon 4 facility lacks necessary power units. Nebius is delayed to 2027.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.