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Tesla Investor Gary Black Warns Company Could Squander Autonomy Lead Like It Did With EVs, Urges $100M Cybercab Ad Spend
Gary Black, managing partner of The Future Fund and a Tesla investor, warned that Tesla risks repeating its EV-era mistake by letting its technology speak for itself, potentially squandering its first-mover advantage in unsupervised autonomy and Cybercab in 2026-2027. He urged Tesla to spend roughly $100 million on advertising Cybercab and unsupervised autonomy to consumers outside its existing fan base, highlighting benefits such as time saved, safer driving when tired, and aesthetics.
US convertible bond issuance hits record $131bn, fueled by AI spending
US convertible bond issuance has reached a record annual high of over $131 billion, driven by corporate demand for AI-related spending. August's $25 billion in issuance pushed the year-to-date total past the previous record set in 2024. Goldman Sachs strategist Spencer Rogers noted that about 44% of this year's convertible bond issuance came from AI-related companies. Investment-grade firms like Alphabet also participated, with its convertible bond being the largest this year, part of an $85 billion financing plan.
OpenRouter data: Proprietary AI model query share plunges from 60% to 25%
OpenRouter's routing system directs each request to the lowest-cost model expected to produce an adequate answer, allowing open-weight models to gain usage without manual selection. AT&T is shifting a rapidly growing share of its AI workloads from proprietary to cheaper open models, reporting cost savings of up to 80%.
U.S. school districts limit student screen time and ban generative AI tools
New York City, Los Angeles, and Lebanon (New Jersey) have implemented limits. Cincinnati Classical Academy has a waiting list, and Montessori and Waldorf schools report surging interest.
Walmart Ad Chief: Building Self-Service Tools, Betting on CTV; Ad Margins Above 70%
Ryan Mayward, U.S. General Manager of Walmart Connect, said at the Goldman Sachs Communacopia + Technology Conference that Walmart is shifting its ad business from a managed-service model to a scalable platform, focusing on performance advertising, self-service buying tools and APIs. He highlighted connected TV as a key growth area, leveraging the VIZIO acquisition and partnerships with Magnite, YouTube, Meta and TikTok. Mayward noted ad margins exceed 70%, versus roughly 5% for core retail.
The Motley Fool Predicts CoreWeave's Contracted Backlog to Exceed $150 Billion Before 2028
AI cloud provider CoreWeave ended June 2026 with a contracted backlog of $104.2 billion, up 246% year over year. The Motley Fool analyst Daniel Sparks predicts the backlog will surpass $150 billion before 2028. CoreWeave's stock traded at about $100 as of writing, roughly 35% below its 52-week high of $153.20.
Dan Ives warns 10%-15% of US data center projects could be cut amid political backlash
Dan Ives, a partner at Yorkville Ives, told CNBC that local protests and a scrapped $100 billion project in Virginia highlight political backlash as the 'biggest threat' to the AI revolution.
Chinese Academy of Sciences achieves breakthrough in sliding ferroelectric tunnel junctions
The team used interface engineering of 2D van der Waals heterostructures to achieve a resistance change of tens of millions of times from a 0.1 nm atomic-layer slip. The findings were published in Science on September 11.
Kroger and Albertsons appoint tech executives to take on Amazon and Walmart
Kroger and Albertsons have made key C-suite hires to strengthen their technology capabilities. Albertsons named former eBay and HP CEO Meg Whitman as executive chair of its board and strategic advisor to help streamline operations around AI. Kroger hired former Walmart technology leader Mark Ibbotson as EVP and chief store operations officer, overseeing store operations and digital transformation.
Bit Digital Borrows $50M Against Ethereum to Fund AI Data Center Buildout
Bit Digital (NASDAQ: BTBT) disclosed in its Q2 earnings report on August 13 that it borrowed $50 million against a portion of its Ethereum holdings, using the proceeds to provide a credit facility of up to $150 million for its AI infrastructure subsidiary WhiteFiber to fund a new data center. The structure avoided selling ETH or issuing new equity. Q2 revenue reached $32.1 million, up 15% quarter-over-quarter, while net loss narrowed to $107.2 million from $146.7 million.
Nvidia plans major data centre expansion in Australia, targeting up to 2 GW of AI capacity by 2027
Nvidia announced Thursday it is working with Australian cloud and data centre providers including Firmus, CDC, NEXTDC, and AirTrunk to more than double the nation's current 1.6 GW computing capacity.
Microsoft plans to more than triple data center capacity by 2032, exceeding New York's power use
Sources say Microsoft's data center capacity will surpass 38 gigawatts in 2032, versus New York State's projected summer peak demand of 33 gigawatts, up from roughly 12 gigawatts currently. Only about 2 gigawatts are currently allocated to AI-specific chips. Sources cautioned plans may change due to shifts in customer preferences and new technologies. A Microsoft spokesperson said the figures were inaccurate without providing alternatives.
Marvell Raises Fiscal 2028 Revenue Outlook to ~$18 Billion, Driven by AI Custom Chip Business
Marvell Technology raised its fiscal 2028 revenue outlook to approximately $18 billion, up $1.5 billion from the previous quarter, driven by a data center business expected to grow more than 60% in fiscal 2028. The company also guided fiscal 2027 revenue at roughly $12 billion. Due to lower gross margins from its custom silicon (XPU) business, Marvell guided non-GAAP gross margin between 57.5% and 58.5% for fiscal Q3 2027, expected to hold through fiscal 2028. Shares fell 8% to $223.1 in premarket trading following the report.
Anthropic: Yemeni group used its Claude AI to develop missile and rocket systems
In its latest AI abuse report, Anthropic said unidentified actors used Claude to assist in developing guidance, navigation and control software for three weapons programs, including a ballistic missile with a range exceeding 2,000 kilometers.
Zhipu Plans to Place 21.97 Million H-Shares at HK$714 Each
According to a deal document cited by Bloomberg, AI company Zhipu plans to place approximately 21.97 million H-shares at HK$714 per share.
DeepSeek's New Model Reduces High-Bandwidth Memory Needs, SK Hynix and Samsung Shares Fall Friday
Bloomberg reports that DeepSeek's latest AI model has reduced the amount of high-bandwidth memory required, raising concerns about semiconductor demand strength. On Friday, SK Hynix and Samsung Electronics shares fell 2.2% and 3.5% respectively, eroding the initial rebound after a sharp selloff in July. Ha Seok-keun, chief investment officer at Eugene Asset Management, said the new model could spark short-term concerns about slowing semiconductor demand, but new models from companies like Meta Platforms and OpenAI "will have a greater impact on industry fundamentals by boosting actual AI usage and semiconductor demand."
Amazon and Alphabet's Combined 2026 CapEx Could Reach $420B; Analyst Says Cloud Growth Justifies Spending
In a report published on September 9, Motley Fool analyst Keithen Drury noted that Amazon projects about $220 billion in capital expenditures for 2026, while Alphabet guided $195 billion to $205 billion and has raised its outlook each quarter this year. The combined total could reach roughly $425 billion. Drury argues the spending is justified by strong cloud growth: AWS revenue rose 37% year over year in Q2, Google Cloud grew 82%, and Amazon CEO Andy Jassy said computing capacity is insufficient to meet 2026 demand, a trend likely to continue into 2027.
Bloom Energy gains attention as AI data centers face electricity shortages; Q2 revenue up 166% YoY
Management claims Bloom can ship 3.25 MW of fuel cells every 1-2 days, enabling a 1 GW data center to be powered in under a year, while gas turbine manufacturers have order books filled to 2030.
Barclays Investment Banking Head: AI Bubble Not at Breaking Point Yet
Ingrid Hengster, head of investment banking at British lender Barclays, said no market participant has signaled to her that the AI bubble is over. Despite strong stock market performance, she sees no reason for excessive concern that the AI bubble is about to burst.