MicroStockHub/iStock via Getty Images Businesses are racing to build the physical infrastructure that makes AI usable at scale – data centers, the graphics processing unit (GPU) hardware stack, power, and cooling. Estimates suggest more than $5 trillion could be needed through 2030 to fund this buildout across the broader AI ecosystem (see Figure 1). For investors, the opportunity is not just the ...
MicroStockHub/iStock via Getty Images Businesses are racing to build the physical infrastructure that makes AI usable at scale – data centers, the graphics processing unit (GPU) hardware stack, power, and cooling. Estimates suggest more than $5 trillion could be needed through 2030 to fund this buildout across the broader AI ecosystem (see Figure 1). For investors, the opportunity is not just the scale of spending; it’s the ability to finance essential infrastructure through structured credit backed by real assets and predictable, contracted cash flows. Figure 1: Hyperscalers’ capital spending is expected to rise further Stacked chart titled 'Big tech capex projections' displaying historical and projected capital expenditures from 2021 to 2030 for major technology companies in USD billions. Companies shown: Amazon (growing from $61B in 2021 to $224B in 2030), Google (from $25B to $269B), Meta (from $19B to $181B), Microsoft (from $24B to $287B), Oracle (from $2B to $77B), and Other (from $41B to $121B). Total Capex increases from $172B in 2021 to $1,159B in 2030, showing significant acceleration in tech infrastructure investment, particularly from 2025 onwards when spending roughly doubles from the prior year. (Source: Bloomberg, McKinsey, Citi, Oxford Economics, PIMCO analysis as of 15 May 2026) The key question is how to commit capital to long-duration projects while technology and business conditions evolve. In our view, rather than trying to pick AI winners, the answer is to focus on the infrastructure layer itself – one layer below the AI applications – through enforceable collateral, control over key contracts, and protections that help ensure repayment even if things don’t go as planned. Stewardship also matters in how these projects are developed. The strongest data center investments are built in partnership with local utilities and communities. Done well, they can add needed power and grid infrastructure, distribute fixed costs, support local economic deve...
The tech sector has bounced back in Q2, but software stocks continue to lag. Taking advantage of that, Salesforce, Adobe, and ADP have launched major stock buybacks.
The tech sector has bounced back in Q2, but software stocks continue to lag. Taking advantage of that, Salesforce, Adobe, and ADP have launched major stock buybacks.
Inflation tied to the Iran conflict may force the Federal Reserve to raise interest rates, and Warren Buffett says higher rates will compress stock market valuations.
Inflation tied to the Iran conflict may force the Federal Reserve to raise interest rates, and Warren Buffett says higher rates will compress stock market valuations.
Key PointsPCE inflation hit 3.8% in April, the highest level in three years, and investors now expect the Federal Reserve to raise interest rates in 2026.
Key PointsPCE inflation hit 3.8% in April, the highest level in three years, and investors now expect the Federal Reserve to raise interest rates in 2026.
GUANTANAMO BAY, CUBA - JUNE 28: (EDITORS NOTE: Image has been reviewed by the U.S. Military prior to transmission.) A view from a scenic outlook above the former outdoor detention facility "Camp X-Ray " on June 28, 2023 at Guantanamo Bay, Cuba. (Photo by Elise Swain/Getty Images) Elise Swain | Getty Images News | Getty Images The top U.S. general overseeing forces in Latin America held a rare meet...
GUANTANAMO BAY, CUBA - JUNE 28: (EDITORS NOTE: Image has been reviewed by the U.S. Military prior to transmission.) A view from a scenic outlook above the former outdoor detention facility "Camp X-Ray " on June 28, 2023 at Guantanamo Bay, Cuba. (Photo by Elise Swain/Getty Images) Elise Swain | Getty Images News | Getty Images The top U.S. general overseeing forces in Latin America held a rare meeting on Friday with senior Cuban military officials at the perimeter of U.S. Naval Station Guantanamo Bay, Cuba , the U.S. military said on Friday, confirming a Reuters story. U.S. General Francis Donovan, head of U.S. Southern Command, briefly discussed operational security matters with the Cuban delegation, which included Cuban General Roberto Legra Sotolongo, first deputy minister of the chief of the General Staff, U.S. Southern Command said on X. "Donovan also led a perimeter security assessment of the naval base and discussed force protection, safety of service members and their families, and operational readiness with base officials," it said. Donovan's meeting in Cuba is the first in recent memory by a head of Southern Command and comes amid growing concerns in Cuba of a possible U.S. military attack on the Communist-run island. Cuba's armed forces said on Facebook that the meeting took place with mutual agreement and that both sides agreed to maintain communication. "Both delegations evaluate positively the meeting where issues related to security around the dividing perimeter of the military enclave were addressed and agreed to maintain communication between both military commands," the statement said. The meeting follows a rare visit earlier in May by CIA Director John Ratcliffe to Havana. President Donald Trump has often cited Cuba among the foreign policy goals of his second term and has hinted it will become his focus once the war with Iran is over. U.S. antagonist Cuba has been a U.S. antagonist for decades, since Fidel Castro's 1959 revolution. Trump is stron...
Fintel reports that on May 29, 2026, Macquarie upgraded their outlook for XPeng (OTCPK:XPNGF) from Neutral to Outperform. Analyst Price Forecast Suggests 231.56% Upside
Fintel reports that on May 29, 2026, Macquarie upgraded their outlook for XPeng (OTCPK:XPNGF) from Neutral to Outperform. Analyst Price Forecast Suggests 231.56% Upside
Hong Qi, who orchestrated protest against Communist government, claims interpreter on 101 call launched political tirade A Chinese dissident who orchestrated an anti-government protest in China after fleeing to the UK has claimed that a “pro-regime” interpreter used by a British police force berated him when he sought help. Hong Qi, who made headlines last year after using a mobile phone while in ...
Hong Qi, who orchestrated protest against Communist government, claims interpreter on 101 call launched political tirade A Chinese dissident who orchestrated an anti-government protest in China after fleeing to the UK has claimed that a “pro-regime” interpreter used by a British police force berated him when he sought help. Hong Qi, who made headlines last year after using a mobile phone while in the UK to remotely project anti-regime slogans on to a building in his home city, Chongqing, contacted police after discovering that his bank accounts had been frozen. Continue reading...
Exclusive: Local authority asked what steps it is taking after hordes of splashing revellers seen disturbing nesting birds Ministers have written to the City of London demanding it stop people from swimming in a protected pond on Hampstead Heath, after disturbing scenes of cygnets and eggs being disrupted went viral on social media. Swans and their 12-day-old cygnets were disturbed by hordes of sp...
Exclusive: Local authority asked what steps it is taking after hordes of splashing revellers seen disturbing nesting birds Ministers have written to the City of London demanding it stop people from swimming in a protected pond on Hampstead Heath, after disturbing scenes of cygnets and eggs being disrupted went viral on social media. Swans and their 12-day-old cygnets were disturbed by hordes of splashing revellers in the north London park on Monday as temperatures reached a record 35C in the capital. In one video, a swan was seen poking an unhatched egg with its beak after it fell into the water during the chaos. Continue reading...
As its third season ends, Sam Levinson’s HBO show reflects the grim future that gen Z faces. Its rage-bait is precisely the point The third season of Euphoria has been almost impossible to ignore for anyone with a smartphone. The HBO drama, which started off in 2019 following a group of hedonistic, privileged teens, has evolved into television’s answer to rage-bait, creating moments that are speci...
As its third season ends, Sam Levinson’s HBO show reflects the grim future that gen Z faces. Its rage-bait is precisely the point The third season of Euphoria has been almost impossible to ignore for anyone with a smartphone. The HBO drama, which started off in 2019 following a group of hedonistic, privileged teens, has evolved into television’s answer to rage-bait, creating moments that are specifically designed to dominate the news feed with memes and outrage. Even before we reach the season finale, we’ve seen OnlyFans storylines, pup play, sugar daddies, mummification fetishes, a disastrous wedding, fingers and toes being sliced off, venomous snake attacks, cockatoo assassinations (RIP Paladin), gangster shootouts and (several) characters being buried alive. In season three, Euphoria picked up its story five years after the characters graduated from high school. At times, the show has felt lost outside of the high school setting , exploring a confusing mishmash of genres and plots, some of which have been called out for glamorising misogyny and violence. Yet despite these criticisms, the show has a track record of taking bold artistic risks, which is becoming rarer in a content landscape that values quantity over quality. It turned Sam Levinson, its creator, into one of Hollywood’s most exciting (and polarising ) visionaries, and catapulted a new generation of actors into the A-list to the point where it now seems like they have outgrown the show). As season three concludes, Euphoria represents a strange – and very “2026” – contradiction, where it feels both ridiculous and undeniably influential. Continue reading...
While some found this week’s heat a breeze, many in poorer areas face health risks in furnace-like homes Travelling from his air-conditioned flat to the air-conditioned Elizabeth line to his air-conditioned office, 27-year-old banker Aykhan found this week’s heatwave a breeze. Smiling while grabbing lunch in the shopping centre under the gleaming One Canada Square skyscraper in Canary Wharf, he sa...
While some found this week’s heat a breeze, many in poorer areas face health risks in furnace-like homes Travelling from his air-conditioned flat to the air-conditioned Elizabeth line to his air-conditioned office, 27-year-old banker Aykhan found this week’s heatwave a breeze. Smiling while grabbing lunch in the shopping centre under the gleaming One Canada Square skyscraper in Canary Wharf, he said he’d been sleeping very well over the last few days. “It’s a new flat, the air-con is great, my bedroom is cool.” Continue reading...
The actor on his fear of pigeons, his dashed boyband hopes, and having a crush on the entire male cast of Neighbours Born in London, Hugh Skinner, 41, trained at Lamda and appeared in the BBC’s Tess of the D’Urbervilles in 2008. From 2014 to 2017, he played Will in the comedy series W1A; he also appeared in Fleabag and The Windsors. His films include Les Misérables and Mamma Mia! Here We Go Again....
The actor on his fear of pigeons, his dashed boyband hopes, and having a crush on the entire male cast of Neighbours Born in London, Hugh Skinner, 41, trained at Lamda and appeared in the BBC’s Tess of the D’Urbervilles in 2008. From 2014 to 2017, he played Will in the comedy series W1A; he also appeared in Fleabag and The Windsors. His films include Les Misérables and Mamma Mia! Here We Go Again. In 2024, he starred in The Importance of Being Earnest at the National Theatre. He reprises the role of Will in Twenty Twenty Six, and stars in the new BBC drama Two Weeks in August. He lives in London. What is your grea test fear? Pigeons. One got stuck in my flat once for quite a long time and it really changed how I feel about them. Continue reading...
Brighton’s head coach has led team to Wembley date with Manchester City despite losing his father four months ago Growing up in Brisbane with a big time difference to London, Dario Vidosic loved being allowed to stay up past his bedtime to watch a big Wembley final on television next to his father, Rado, before trying to recreate a great goal with him in the garden the following day. On Sunday, Ra...
Brighton’s head coach has led team to Wembley date with Manchester City despite losing his father four months ago Growing up in Brisbane with a big time difference to London, Dario Vidosic loved being allowed to stay up past his bedtime to watch a big Wembley final on television next to his father, Rado, before trying to recreate a great goal with him in the garden the following day. On Sunday, Rado will not only be in the Vidosic family’s thoughts but in the hearts and minds of everyone associated with Brighton as the team walk out at Wembley for the Women’s FA Cup final against Manchester City to try to win their first major trophy, four months after Rado – who was working as the women’s team’s head of coaching – died from cancer. Continue reading...
Sunday’s presidential vote is contest between left and right – and between contradictory proposals for dealing with the decades-long armed conflict Mateo Pérez Rueda was one internship away from completing a degree in political science. The 24-year-old also worked as a bicycle delivery rider and sold fruit salads and juice to finance his passion: the Colombian independent digital magazine El Confi...
Sunday’s presidential vote is contest between left and right – and between contradictory proposals for dealing with the decades-long armed conflict Mateo Pérez Rueda was one internship away from completing a degree in political science. The 24-year-old also worked as a bicycle delivery rider and sold fruit salads and juice to finance his passion: the Colombian independent digital magazine El Confidente . On 4 May he travelled to Briceño, in the western province of Antioquia, to report on the long-running conflict between the army, paramilitaries and dissidents of the Revolutionary Armed Forces of Colombia (Farc). Continue reading...
Some lawmakers are speaking out against closed, single-party primaries, which they see as part of a system that limits voter choice and incentivizes elected officials to prioritize party loyalty. (Image credit: Matthew Hatcher)
Some lawmakers are speaking out against closed, single-party primaries, which they see as part of a system that limits voter choice and incentivizes elected officials to prioritize party loyalty. (Image credit: Matthew Hatcher)
The tour comes as Myanmar's new government tries to consolidate its political position regionally, while continuing to wage a brutal civil war. (Image credit: Aung Shine Oo)
The tour comes as Myanmar's new government tries to consolidate its political position regionally, while continuing to wage a brutal civil war. (Image credit: Aung Shine Oo)
Soon after winning the Texas Republican Senate primary runoff, Ken Paxton attacked Democratic nominee, state Rep. James Talarico as "too low-T for Texas," putting manhood front and center in the race. (Image credit: Danielle Villasana)
Soon after winning the Texas Republican Senate primary runoff, Ken Paxton attacked Democratic nominee, state Rep. James Talarico as "too low-T for Texas," putting manhood front and center in the race. (Image credit: Danielle Villasana)