30 h. ago ‘A lot of this is speculative’: faith and fear mix amid $3tn global datacentre boom

Many believe planned investment will bring prosperity, while others worry its debt-fuelled exuberance will backfireThe global investment spree in artificial intelligence is producing some remarkable numbers and a projected $3tn (£2.3tn) spend on datacentres is one of them.These vast warehouses are the central nervous system of AI tools such as OpenAI’s ChatGPT and Google’s Veo 3, underpinning the training and operation of a technology into which investors have poured vast sums of money. Continue reading...

Politics

30 h. ago Boom or bubble? Inside the $3tn AI datacentre spending spree

Investment in these vast warehouses is huge but some worry the debt-fuelled exuberance will backfireThe global investment spree in artificial intelligence is producing some remarkable numbers and a projected $3tn (£2.3tn) spend on datacentres is one of them.These vast warehouses are the central nervous system of AI tools such as OpenAI’s ChatGPT and Google’s Veo 3, underpinning the training and operation of a technology into which investors have poured vast sums of money. Continue reading...

Economics

59 h. ago All seven of Ruben Amorim's Man United transfers graded after £256m spent on new recruits

A year into Ruben Amorim’s reign at Manchester United, we take a close look at his £256m spending spree and assess how each of his seven signings has fared so far

Economics

4 d. ago Meta reports mixed financial results amid spree of AI hiring and spending

Tech company brings in record quarterly revenue but major tax bill dampens earnings per shareMeta reported mixed financial results for the third quarter of 2025. The company brought in record quarterly revenue but reported a major tax bill that dampened earnings per share, the company announced on Wednesday. The financial results come as Meta ends a multibillion-dollar hiring spree focused on artificial intelligence talent.The tech giant earned $51.24bn in quarterly revenue, beating Wall Street expectations and the company’s own projections for third-quarter sales. However, it reported earnings per share (EPS) of $1.05, far below Wall Street expectations of $6.70 in EPS. The major drop was due to a one-time non-cash income tax charge of $15.93bn. The EPS would have been $7.25 without this one-time charge, the company said. Continue reading...

Economics

1 week ago Great British Bake Off host spent thousands after doing 'so many drugs'

A Great British Bake Off presenter has opened up about a drug-induced spending spree during an appearance on Never Mind the Buzzcocks

Events

2 w. ago Jurgen Klopp explains why he was left baffled by Liverpool’s £450m spending spree

Klopp was stunned by Liverpool’s spending spree this summer having previously stated that his former side ‘cannot compete’ financially with teams like Manchester City

Economics

3 w. ago The Guardian view on an AI bubble: capitalism still hasn’t evolved to protect itself | Editorial

Warnings about inflated tech stocks suggest investors never learn and central bankers learn too lateThe message from global regulators this week was blunt: the AI boom is driving stocks to dotcom-bubble highs – and the world is finally listening. With so much cash riding on so few firms, any loss of faith could send shares tumbling and drag down the wider economy. China’s proposed export controls on rare earths add a fresh threat: not just to sentiment, but to advanced chip supply chains themselves. It’s a long way down from such dizzying heights if gravity reasserts itself.Warnings from the past abound in Charles Kindleberger’s history of financial crises, Manias, Panics and Crashes, which begins with tulip mania in 1636. What commonly happens, he wrote, is “that some event changes the economic outlook. New opportunities for profits are seized, and overdone.” Once the mistake is realised, there’s a panicked exit with a crash in the price of “whatever has been the subject of the man...

Politics

3 w. ago Mohamed Salah trying to solve transfer concern as Liverpool struggles seen in new light

Mohamed Salah has struggled to find his best form for Liverpool so far this season following the Reds' £450m summer spending spree

Politics