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662 Billion Reasons To Worry: Moody's Raises AI Data-Center Funding Fears As Apollo Shops Huge Anthropic Debt Deal
662 Billion Reasons To Worry: Moody's Raises AI Data-Center Funding Fears As Apollo Shops Huge Anthropic Debt Deal
Unless you have lived under a rock for the last year (or month), you will know that the explosive growth of artificial intelligence is fueling a massive infrastructure buildout.
In a chart book published nearly simultaneously with Moody’s report, Apollo Global Management chief economist Torsten Slok worked to put the enormity of data center spending into perspective.
With total capital expenditure on data centers estimated at roughly $646 billion, or about 2% of U.S. GDP, Slok noted that is...
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Sep 3, 2026 / Tyler Durden
EU's Kallas Says No Progress On Zelensky's Cash Infusion For Patriot Missiles
EU's Kallas Says No Progress On Zelensky's Cash Infusion For Patriot Missiles
On Wednesday EU leadership revealed that the Zelensky government has formally asked the European Commission to provide several billion euros from the EU’s €90 billion ($105 billion) support loan to purchase US-made Patriot air defense missiles.
European Commission President Ursula von der Leyen announced just ahead of a meeting with NATO Secretary General Mark Rutte, "It is worth several billion euros and would cover Ukraine’s air defense needs, including high-end PAC-3 air defense systems."
via EU Council
At the same time, the EU’s...
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May 14, 2026 / Tyler Durden
Iranian Commandos Board & Seize Honduras-Flagged Ship Off UAE
Iranian Commandos Board & Seize Honduras-Flagged Ship Off UAE
It appears the Iranians have boarded and seized another ship in the Persian Gulf region - this time as the vessel was anchored off the coast of the United Arab Emirates, and while it was reportedly en route to Iranian territorial waters.
The UK Maritime Trade Operations (UKMTO) said Thursday that the vessel was seized by "unauthorized personnel", with the initial incident being reported about 38 nautical miles northeast of the UAE port of Fujairah.
via Reuters
The agency said the ship's company security...
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Aug 9, 2026 / Tyler Durden
Fire Erupts At Saudi Aramco's Jazan Refinery As Iran-Backed Houthis Claim Drone Strike
Fire Erupts At Saudi Aramco's Jazan Refinery As Iran-Backed Houthis Claim Drone Strike
Yemen's Iran-backed Houthis claimed responsibility for a drone attack on Saudi Aramco's $21 billion Jazan refinery, located on Saudi Arabia's southwestern Red Sea coast, roughly 44 miles from the Yemeni border. The facility is strategically important because it allows Aramco to export refined products through the Red Sea without transiting the Strait of Hormuz. The attack also signals the growing vulnerability of Saudi energy assets in the region, where Houthi forces have repeatedly targeted them in recent...
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