Amazon evaluating drone deliveries in Australia, Asia
PLUS: Singapore helps Meta find new form of scam; Nothing bets it can create Indian consumer tech giant; Bangkok floods, tech holds on
Former footballer Joey Barton could be stripped of jail privileges after 'mobile phone and tobacco found in his cell'
The 44-year-old former Manchester City, QPR and Newcastle midfielder was caught with the contraband following a search carried out by anti-corruption officers.
Moment huge bluefin tuna leaps out the sea just feet away from stunned surfers
Striking footage shows the animal dive into the water to pursue a smaller fish during a surfing class at Fistral Beach in Newquay on Tuesday last week.
Adorable giant pandas Ping Ping and Fu Shuang touch down in America after being gifted by Xi Jinping
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Presley Gerber remembered as an 'angel' by ex Cameron Rorrison days after his death at 27 from suspected overdose
The 28-year-old fashion and swimwear model, who dated the son of Cindy Crawford and Rande Gerber from May 2018 to March 2020, remembered him as 'an angel in this life.'
Richard Hammond suffers fresh setback in the renovation of his £2m Welsh mansion... over fears of pollution to a nearby river and damage to archaeological remains
The 56-year-old planned extensive additions to the six-bedroom Georgian manor house including adding a heritage-style showroom to house his extensive car collection.
Amandaland's Lucy Punch 'replaces Dawn French as star of Marks & Spencer's big budget Christmas campaign'
The Amandaland actress, 48, has replaced Dawn French as the star of Marks & Spencer's big budget Christmas campaign, according to reports.
Six out of ten maternity deaths were 'avoidable' with better care, new reviews finds
Some six in ten who died in pregnancy, birth or the postnatal period between 2022 and 2024 could have been saved with better care - an all-time high since records began in 2009.
Teen becomes first person to face terror charges because of his 'hatred for humanity'
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Build AI apps and agents with AlloyDB for PostgreSQL
AlloyDB for PostgreSQL adds AI capabilities like high-performance vector search to your live database, simplifying AI development.
Trump says RAF Fairford terror suspects were 'looking to do big damage' to US forces as Iran link is probed
Donald Trump has warned the five men arrested over a foiled terror attack at RAF Fairford were 'looking to do big damage' as counter-terrorism police probe a potential link to Iran.
By the age of just 23 I had lost ALL my hair. Here's how I got it back again in time for my wedding (and NO transplant was required!)
I was on the beach with my family on a summer evening when I first realised quite how extensive my hair loss was.
Just How Big is the AI Buildout - and How Risky?
A new Brookings Institution study notes the "strikingly physical" economic footprint of AI's buildout, from specialized chips and electricity to purpose-built data centers. (Two-thirds of a data center's costs are IT equipment, with one-third going to real estate and its associated power infrastructure.) "At an average of 3.63 percent of GDP per year, the projected buildout would be larger relative to the economy than the major U.S. canal, railroad, electrification, highway, and telecommunications investment booms."
This is pushing up prices for workers, electricity, and even commercial real estate (as well as consumer products that use chips), notes the Wall Street Journal, and reducing the construction on new houses and apartment buildings. And in addition, the paper points out, projections for this buildout "would double the electricity consumption of the entire U.S. residential sector."
The calculations come from Columbia Business School finance/real estate professor Stijn van Nieuwerburgh — and Reuters explains their significance:
Just as the rail and telecoms expansions led to notable bubbles and busts, Van Nieuwerburgh wrote that the extent of the buildout, the still-untested revenue streams, and the intricate financing structure emerging around AI mean it could be primed for a fall. "This is freaking complicated," he said in a briefing with reporters of the arrangements emerging between AI firms, major tech hyperscalers, banks, private credit lenders, real estate firms, and a host of other players involved in building what he conservatively estimated at 183 gigawatts worth of new data-center capacity over the next seven years, compared with about 57 gigawatts currently installed.... The investment underway already has outstripped what the major players can fund from their own cash flows. The shift to outside financing has increased leverage, redistributed risks across the economy, and made the venture dependent on revenue streams that have yet to be proven, Van Nieuwerburgh noted in the paper, which will be presented on Friday...
"These developments do not imply that financial distress is imminent. Strong growth in AI applications, high utilization, and continued improvements in model capability could support the projected infrastructure and generate stable cash flows," he wrote. "But the combination of uncertain demand, rapid technological change, execution bottlenecks, and high leverage creates meaningful downside risk if expectations are revised." As an example, he wrote that the AI industry will need to be earning about $3.7 trillion in annual revenue by 2032 to achieve the expected return on the investment, and "given current estimates of annual combined revenues of OpenAI and Anthropic of around $100 billion, revenues would need to grow at roughly 80% per year."
The paper suggests policies that "improve measurement and transparency" for financing.
Read more of this story at Slashdot.
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DR MAX: I've seen the terrible toll of ketamine on teenagers over the years, especially girls. But what really worries me is how young today's addicts are - some barely out of primary school. Here are the signs YOU need to know
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John Healey to pledge 'new industrial age'... as another tycoon quits the UK
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Greeting a stranger with a hug rather than a handshake could make them like you more, study claims
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The NINE common money mistakes couples make that could cost you thousands - including the little-known 'marriage allowance'
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New Cluedo 50p: Will this coin be worth a fortune? DAN HATFIELD reveals what collectors need to know
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Imperial War Museum is accused of 'turning its back on the past' for catering to younger visitors
The museum has hired a consultancy firm to create exhibitions and displays that will appeal to 'contemporary audiences' by focusing on more recent conflicts.