The Technology News Exchange (TechNX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

Big tech doubles debt load to $350B in AI spending spree: Bloomberg

3 weeks ago

Big tech doubles debt load to $350B in AI spending spree

Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Microsoft Corp. and Oracle Corp., the five biggest spenders on new data centres in the U.S., have doubled their debt load in the last five years, borrowing to finance an unprecedented spending spree.

Meta to spend $13B to build AI data centre in Alberta

Meta Platforms Inc.  decrease plans to spend more than $13 billion to build a massive artificial intelligence (AI) data centre in Sturgeon County, north of Edmonton, marking the technology company’s first such facility in Canada.

Startup that builds AI agents used one to raise $100M

A startup that helps enterprises build AI agents proved the technology’s value by deploying one during its own fundraising. Lyzr Inc.’s system ran outreach for its Series B round, which is on track to raise US$100 million.

Québec startups turn VivaTech into a foothold in Europe

A Swedish defence official walks into the Québec pavilion at VivaTech. Beonyx, a Saguenay-based robotics company, was one of nearly 100 Québec technology companies at Europe’s largest technology event and the official was the lead ground-drone strategist for Sweden’s defence.

Ottawa centaur's lPoint buy expands compliance platform

Two years after hitting US$100 million in annual recurring revenue, Ottawa-based centaur Assent has made its first-ever acquisition, buying German sustainability software provider IPoint in an effort to expand its compliance offerings.

Helios AI seeks to bring demand intelligence to retailers

Most retailers have access to reports showing what sold, what did not and how much inventory remains on hand. Determining what to do next is the more difficult challenge. Turning information into action still depends on experience, analysis and judgment.

OpenAI to shut down Atlas, but AI browser plan remains

OpenAI is sunsetting Atlas, the AI-powered browser it launched in October with a ChatGPT core. Instead, it’s taking some of the agentic browsing features it tested in Atlas and redistributing them across ChatGPT’s desktop app and a Google Chrome extension.

OpenAI releases new voice models for natural conversation

OpenAI claims its new conversational models, called GPT-Live-1 and GPT-Live-1 mini, sound more natural and can handle turn-taking better. These are full-duplex models, meaning they can speak and listen at the same time.

Some professionals question use of AI notetakers

Launching an AI tool to take notes and summarize important information from a virtual meeting can be alluring. But the way popular AI notetakers accomplish those tasks makes some people avoid using them.

Meta wants its AI glasses to seem less creepy

Meta’s AI glasses have a growing reputation as a creepy technology. The company hopes to change that opinion by announcing an update that will disable the camera if the LED recording light has been tampered with.

EU escalates Meta probe over addictive design

The European Union accused Meta of using addictive design and disregarding the risks it poses to children. The EU has issued findings that Meta’s Facebook and Instagram use personalized recommendations, autoplay and infinite scroll, contributing to compulsive use of the platforms.

VR and gaming are adding a kick to taekwondo

When Vietnamese athlete Nguyen Thanh Hien Linh stepped into her first virtual taekwondo competition in Singapore in 2024, she had little idea what she was doing. In 2026, she won a gold medal at a virtual taekwondo competition in Malaysia.

Industry Events