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Everyone tracks Big Tech's AI capex. Roughly $600 billion over the past year across nine companies. Big number. Wrong number. The WSJ went through the footnotes of their SEC filings and found ~$3 trillion in additional commitments that don't appear on any balance sheet β about triple what these companies owe in leases and long-term debt combined. And it's growing faster than capex itself. Watch the mechanism in 25 seconds: Big Tech reports $600B in AI capex but holds $3 trillion in...
Meta released Muse Glimmer, a new open-weight AI model that's far smaller than rival frontier models. It's built for agentic tasks and runs on a Mac or PC with a single graphics card, targeting demand for on-device AI. The launch follows Meta's formation of an expensive superintelligence team last year to push back into the top tier of the AI race. Alongside the release, Zuckerberg called for lower US barriers on open-source AI to compete with China, arguing foreign labs hold advantages...
New AI rules went live in Europe on August 2. The short version: Chatbots now have to tell you they're AI, deepfakes have to be labeled, and fines run to β¬15 million or 3% of global turnover. The part most coverage missed: the big high-risk obligations got pushed to December 2, 2027. What actually landed now is the disclosure layerβthe rules about telling people when content is synthetic. Why this matters to you even outside Europe: if your content reaches European audiences, these rules...