Google has announced a $15-billion, five-year project to build a single AI data center in the southern Indian province of Andhra Pradesh. Between construction and permanent staff, the project will create 188,000 jobs and be Google’s largest data center outside the U.S., the company said.
Deloitte, one of the global “Big Four” accounting and business services firms, has refunded to the Australian government the final portion of the payment the company received for auditing a government program that monitors job hunters’ compliance with regulations.
MARI, a new $3-billion entertainment company formed by Hollywood mogul Ari Emanuel, is betting that AI will give people more free time in the years ahead to watch or attend sports events and other extravaganzas.
OpenAI, which estimates it will bring in about $13 billion in revenue this year, has signed $1 trillion worth of contracts to buy AI chips and lease access to, or help build, AI data centers.
The ceasefire in Gaza remains in place as of Tuesday, with daily violations by the Israelis as the death toll inside Gaza hit 68,229 Palestinians, along with at least 170,361 injured. There are about 10,000 Palestinians missing in the rubble.
The Trump administration’s effort to stabilize Argentina’s economy under the leadership of Javier Milei, President Donald Trump’s friend, carries a big risk for the White House that bills itself “America First.”
The U.S. purchased two private planes for the Department of Homeland Security’s Kristi Noem and other officials due to claims that the Gulfstream jets were needed because of security concerns, The New York Times reported.
Hamas said that it is committed to honoring the ceasefire deal agreed to earlier this month with Israel, but it is having a hard time locating and retrieving the bodies of about two-thirds of the dead hostages that were taken during the 7 October 2023 attack.
As the old saying goes, what goes up must go down. And for Trends Journal subscribers, in my podcast last Thursday evening, when gold kept spiking and hit $4,284 per ounce, I had forecast that with gold prices rising sharply higher—at rates that were far faster than we anticipated—there would be a sharp correction in gold prices.
Core law… the system runs only on new debt. PERIOD. Debt must grow exponentially to keep prices, payrolls, and asset values from stalling. If the flow slows… credit freezes, cards/settlements fail, and the machine locks up.