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Elon Musk says SpaceX closed $40B in GPU debt, debt markets have shut off credit for AI data center firms, and 200+ neoclouds face "death and consolidation" (Elon Musk/@elonmusk)

Elon Musk / @elonmusk : Elon Musk says SpaceX closed $40B in GPU debt, debt markets have shut off credit for AI data center firms, and 200+ neoclouds face “death and consolidation”   —  Pretty much. As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn't have substantial revenue independent of AI data centers. SpaceX closed $40B of debt for GPUs, but we're investment grade and have Starlink & launch revenue. That means... from Techmeme https://ift.tt/LXQP3nE via IFTTT
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Data center tenants now demand $5M+ a day in late-delivery fees, up from $1M this spring, spawning new "delay-in-delivery" coverage from brokers like Marsh (Ann Davis Vaughan/The Information)

Ann Davis Vaughan / The Information : Data center tenants now demand $5M+ a day in late-delivery fees, up from $1M this spring, spawning new “delay-in-delivery” coverage from brokers like Marsh   —  This spring, Mike Mathews, who leads the global digital infrastructure practice at insurance broker Marsh … from Techmeme https://ift.tt/kS2zYC5 via IFTTT
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LSEG agrees to acquire Octus, an NY-based provider of credit intelligence, data, and workflow software, from Permira and Octus' management for $3.54B in cash (Dominic Chopping/Wall Street Journal)

Dominic Chopping / Wall Street Journal : LSEG agrees to acquire Octus, an NY-based provider of credit intelligence, data, and workflow software, from Permira and Octus' management for $3.54B in cash   —  The group said the acquisition would transform its presence in credit and private markets data  —  London Stock Exchange Group … from Techmeme https://ift.tt/dNAJcqV via IFTTT
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A look at Meta's role in Brazil's runoff, where Lula da Silva alleges Meta restricts his content and a court ordered it not to interfere; Meta cites glitches (Augusta Saraiva/Bloomberg)

Augusta Saraiva / Bloomberg : A look at Meta's role in Brazil's runoff, where Lula da Silva alleges Meta restricts his content and a court ordered it not to interfere; Meta cites glitches   —  A new villain is emerging in the closing stretch of Brazil's bitterly contested presidential election: Meta Platforms Inc. from Techmeme https://ift.tt/YDWy4mI via IFTTT
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Outside of tech there has been no financial payoff to US companies for using AI, now viewed as a margin-hurting cost center, as VC-backed firms burn more tokens (Torsten Slok/Apollo Global Management)

Torsten Slok / Apollo Global Management : Outside of tech there has been no financial payoff to US companies for using AI, now viewed as a margin-hurting cost center, as VC-backed firms burn more tokens   —  Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech. from Techmeme https://ift.tt/cLKR54a via IFTTT
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Source: Replit recently moved most AI spend from Anthropic to OpenAI, which gave 30%+ off in a deal worth $100M+/year, after Anthropic discontinued its discount (The Information)

The Information : Source: Replit recently moved most AI spend from Anthropic to OpenAI, which gave 30%+ off in a deal worth $100M+/year, after Anthropic discontinued its discount   —  OpenAI's efforts to undercut Anthropic on price are producing some results.  —  For instance, in May, Anthropic models powered 57% … from Techmeme https://ift.tt/5XuDbKd via IFTTT
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Artificial Analysis says Kimi K3.1 Pro lands 4th on its Intelligence Index, behind only Opus 5.5 (max), Sonnet 5.5 (max), and Muse Wonder Full (max) (@artificialanlys)

@artificialanlys : Artificial Analysis says Kimi K3.1 Pro lands 4th on its Intelligence Index, behind only Opus 5.5 (max), Sonnet 5.5 (max), and Muse Wonder Full (max)   —  Kimi K3.1 Pro launches at 4th on the Artificial Analysis Intelligence Index scoring 55, making large gains in agentic performance; it will be the leading open-weights model once its weights are published @Kimi_Moonshot's new reasoning model gains 11 points over Kimi K3 (max, 44). It trails only Cl... from Techmeme https://ift.tt/mrkFP1A via IFTTT
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