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Google Will Pay SpaceX $920 Million Per Month For Compute

1 month ago
Ahead of its upcoming IPO, SpaceX announced that Google will pay the company $920 million per month for access to roughly 110,000 Nvidia GPUs and related compute infrastructure. Google says the agreement is short-term "bridge capacity" to meet stronger-than-expected demand for Gemini Enterprise, while SpaceX is using deals like this and its Anthropic contract to bolster its pitch for a historic public offering. TechCrunch reports: The deal is similar in length and scope to the one SpaceX announced with Anthropic in late May. As part of that deal, Anthropic agreed to pay SpaceX $1.25 billion per month through 2029 to rent all the available compute from its Colossus 1 data center near Memphis, Tennessee that xAI -- now part of SpaceX -- originally built for its own artificial intelligence efforts. Google's deal appears to be paying for roughly half the amount of compute that Anthropic has access to at Colossus 1. SpaceX didn't say which specific data center Google would be using. CEO Elon Musk has previously suggested his company would reserve the Colossus 2 data center for xAI. Anthropic was significantly limited in its compute capacity prior to its deal with SpaceX, raising usage limits on the same day the deal was announced. Google is in a very different position, with some estimates naming it as the world's largest single owner of AI compute. [...] Also like the Anthropic deal, the agreement with Google includes a cancellation clause. Both SpaceX and Google have the option to terminate the agreement with 90 days notice after December 31, 2026. Google's access to the data center will ramp up "through September at a reduced fee," according to the filing. "If we fail to deliver access to the committed amount of GPUs by September 30, 2026, then following a one-month grace period, Google may immediately terminate the agreement or accept the number of GPUs provided" with a reduction in the monthly fees, it reads.

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Bitcoin Falls To $60,000 As Zcash Bug Rocks Crypto

1 month ago
Bitcoin briefly fell below $60,000 on Friday, "extending its weekly loss to nearly 20% and threatening to fall below $59,000," reports CoinDesk. Crypto was also hit by a 40%-plus plunge in Zcash after Shielded Labs disclosed a years-old bug that could have allowed undetected counterfeit ZEC creation. From the report: Now, with stocks in plunge mode -- the Nasdaq down nearly 4% on Friday -- bitcoin finds itself perfectly correlated. "Short term, Bitcoin feels like swallowing broken glass," wrote Jeff Swanson Friday. "The chart goes up. It goes down. It makes grown men cry into their Robinhood accounts and CNBC anchors smugly declare the funeral, for the eleventh time." "Here's what uncomfortable people don't understand: the discomfort is the yield. Every paper-handed panic seller is handing their future to someone with a longer time horizon and a colder storage device." [...] Earlier, Shielded Labs, a nonprofit developer on the privacy token system, disclosed a critical vulnerability in Zcash's (ZEC) Orchard privacy pool that could have threatened the integrity of the token's supply. The vulnerability, if exploited, could have allowed an attacker to create an unlimited number of counterfeit ZEC tokens, completely undetected. "Think of it as someone secretly gaining access to the Federal Reserve's dollar printing press, except in this case, even the Fed wouldn't be able to tell these extra dollars were printed," wrote Omkar Godbole. Importantly, the vulnerability was discovered with help from Anthropic's recently released Opus 4.8 AI model, raising difficult questions for the entire crypto industry. More to come on that. ZEC is now down 42% over the past 24 hours. On Wednesday, the Zcash Foundation said: "The vulnerability was caught before any known exploitation occurred. There is no evidence of unauthorized value creation. Zcash's turnstile mechanism (which tracks the total ZEC balance across all value pools) confirmed that the total supply remained intact throughout. User privacy was not affected. Sapling and transparent transactions continued operating normally throughout the incident."

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340 Local News Outlets Now Blocking the Internet Archive

1 month ago
An anonymous reader quotes a report from Techdirt: Earlier this year Nieman Lab broke the story that major news publishers, including The New York Times, The Guardian, and USA Today Co., had started blocking the Internet Archive for fear that AI companies might scrape the nonprofit's repositories for training data. As one of the last bastions of archival history, that is, in case you're not aware, not very good for the public interest. Four months later and Nieman Lab now notes that the number of news outlets blocking the archive has soared to around 340 organizations: "Our new analysis shows that more than 340 local news sites across the United States are now limiting the Internet Archive's ability to access and preserve their stories. Many sites in our sample are owned by five of the seven largest local news publishers in the country: USA Today Co., McClatchy, Advance Local, MediaNews Group, and Tribune Publishing. The latter two are both subsidiaries of the "vulture hedge fund" Alden Global Capital." [...] Regardless of motivation, hiding whatever local news remains behind paywalls, then blocking it from the Internet Archive, in turn makes it harder for everyone else to do real journalism that relies on the historical record, local journalists tell Nieman Lab: "I cover news within a larger news desert in New York's Rockland, Sullivan, and Rockland counties. This means I need to heavily rely on archival data of old news articles from now deceased, or zombie-fied, media outlets," wrote B.J. Mendelson, the editor of The Monroe Gazette newsletter, in one recent petition signed by over 200 journalists. "Without the Internet Archive, my [work] would be incredibly difficult to do." The Internet Archive says it is listening to the concerns raised by local news outlets, while also partnering with journalism groups to train hundreds of newsrooms on archival preservation: "In December, the Internet Archive partnered with the Poynter Institute and Investigative Reporters and Editors to train a cohort of 33 local and national news outlets on how to develop and implement an archiving strategy. The initiative, funded through a Press Forward grant, aims to train 300 newsrooms in digital preservation and in using the Internet Archive's services by the end of 2027."

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