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Iran War Updates: Trump Meets With Cabinet Over Whether to Intensify Iran Strikes - The New York Times

Iran War Updates: Trump Meets With Cabinet Over Whether to Intensify Iran Strikes The recent escalation of tensions between the United States and Iran has sparked a heated debate about the potential consequences of military action. With the Trump administration considering intensifying strikes against Iranian targets, the international community is holding its breath, waiting to see how the situation will unfold. The meeting between President Trump and his cabinet members is a critical step in determining the course of action, and the outcome could have far-reaching implications for global stability and security. Introduction to the Conflict The conflict between the United States and Iran has been simmering for decades, with periods of heightened tensions and relative calm. However, the recent drone strike that killed top Iranian military commander Qasem Soleimani marked a significant turning point in the relationship between the two nations. The attack sparked outrage in Iran, wit...

Meta will sell $2 billion worth of assets to split the cost of AI infrastructure.

In a filing on Thursday, Meta Platforms (META.O) revealed plans to sell $2 billion worth of data center assets as part of its ongoing efforts to find outside partners to help finance the enormous infrastructure required to power artificial intelligence. 
As they struggle with the skyrocketing cost of constructing and powering data centers to support generative AI, tech giants, who have historically been known for self-funding growth, are adopting a different approach.
In order to help fund its significant capital expenditure for the upcoming year, the social media behemoth announced earlier this week that it was looking into ways to collaborate with financial partners to co-develop data centers.
On a conference call following Wednesday's earnings, Meta Chief Finance Officer Susan Li stated, "We're looking into ways to collaborate with financial partners to co-develop data centers."
According to Li, the company still anticipates funding a large portion of its capital expenditures internally, but some projects may draw "significant external financing" and provide greater flexibility if infrastructure requirements change over time. She stated that the business had no completed transactions to report.
However, the disclosure in Meta's quarterly filing suggests that plans are becoming more solid.
Meta reclassified $2.04 billion worth of land and construction-in-progress as "held-for-sale" and approved a plan in June to sell some data center assets, according to its quarterly filing on Thursday. Within the following 12 months, it was anticipated that these assets would be transferred to a third party for the purpose of co-developing data centers.
The reclassification, which values the assets at the lower of their carrying amounts or fair value less selling expenses, did not result in a loss for Meta. According to the filing, the total held-for-sale assets as of June 30 were $3.26 billion.
For this story, Meta chose not to comment.

Mark Zuckerberg, the CEO, has outlined plans to spend hundreds of billions of dollars building "superclusters" of AI data centers for superintelligence.
"A large portion of Manhattan's footprint is covered by just one of these," he stated.
On Wednesday, the owner of Instagram and WhatsApp increased the lower end of its yearly capital expenditure projection by $2 billion, from $66 billion to $72 billion.
AI-driven enhancements to targeting and content delivery helped it report higher-than-expected ad sales. According to executives, those profits were assisting in offsetting growing infrastructure expenses associated with its long-term AI push.

SOURCE: NEWS AGENCIES

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