newsnation

Terrence O'Brien / The Verge : Moderators of r/opensource ban submissions of projects using, made by, or intended for AI, exclude non-English speakers over AI translation concerns, and more   —  The opensource subreddit's new rules against AI have sparked a revolt. … The post made Saturday evening opens by saying …

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...

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 …

Former President Barack Obama mocked President Donald Trump's White House renovations Saturday, comparing the historic residence to a Cheesecake Factory run by Saddam Hussein while campaigning for Democrats in Ohio. Obama delivered the jab during a Cleveland rally supporting Democrat gubernatorial candidate Amy Acton and Senate candidate Sherrod Brown, criticizing Trump's priorities just 10 days before the midterm elections. "I mean, I don't know if you've noticed, but he seems very focused on home renovations," Obama said. "He should be on HGTV." OBAMA CLAIMS HE OCCUPIES 'A SUITE' IN TRUMP'S MIND, QUESTIONS THE PRESIDENT'S FOCUS ON AMERICANS Obama rattled off Trump's ballroom project, Rose Garden makeover and South Lawn helipad before taking aim at the president's affinity for gold décor. "He's got the White House looking like Saddam Hussein opened a Cheesecake Factory," Obama quipped. The renovations, however,...

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.

Two federal court rulings Wednesday extending Second Amendment protections to switchblade knives and body armor have fueled optimism among gun-rights advocates ahead of a major Supreme Court showdown over bans on AR-15-style rifles. The Fifth Circuit Court of Appeals ruled that a federal law restricting the interstate commerce of switchblade knives violated the Second Amendment , while a federal judge in the Western District of New York struck down New York’s restrictions on personal body armor. In both cases, the courts determined that switchblades and body armor qualify as constitutionally protected "arms." The twin rulings come as the Supreme Court prepares to hear oral arguments in Viramontes v. Cook County, a case that could determine whether AR-15-style rifles qualify as "arms" protected by the Second Amendment. National Association for Gun Rights President Dudley Brown, whose organization filed an amicus brief in Viramontes, said a Supreme Court ruling agains...