decrypt.co · Fri 13 Nov

Today · Fri 13 Nov

Policy & Regulationdecrypt.co

Republican Senator Wants to Freeze AI Data Center Boom as Congress Pushes to Expand It

INTERNET economy politics regulation artificial intelligence AI United States data center

AI-generated summary Republican Senator Josh Hawley called for a nationwide moratorium on new data centers as Congress considers legislation to speed federal reviews for energy projects. Hawley wants a federal pause until Congress passes a bill of rights to protect taxpayers from rate increases, while BlackRock CEO Larry Fink warned a moratorium could trigger a recession.

AI Data Centers AI Legislation Energy & Environment

Business & Industrythedeepview.com

Anthropic’s spending exposes AI’s profit problem

AI-generated summary In an SEC filing on Monday, Anthropic reported expected spending of more than $895 billion in the coming years, alongside a $23.3 billion net loss in the third quarter ending in September. Anthropic also reported a twelvefold increase in quarterly revenue hitting $17 billion as of September 30 compared to $1.4 billion in the same period last year.

Anthropic Compute Costs Earnings

Also covered by TechCrunch Decrypt
Earlier: Anthropic posts $567 million Q3 operating loss as growth cools ahead of IPO