Big tech firms are spending huge sums on AI data centers. Some of the debt used to fund these projects does not appear on their main balance sheets. This has led to warnings about a possible debt crisis. But the risk may not be as large as some fear. Companies such as Meta, Oracle, xAI and CoreWeave are using special firms to build some data centers. These firms can raise money from banks, investors and other groups. The tech company then gets full use of the finished site. The key point is that much of the debt sits with the…
Author: The Daily Reports
OpenAI is warning that advanced artificial intelligence could soon create a new type of cyber threat. The company says people may face ongoing attacks from AI systems that can plan, act and adapt with less human help. Chris Lehane, OpenAI’s chief global affairs officer, said the world has entered a new stage of AI development. He said advanced models are gaining skills that could change how cyber attacks are planned and carried out. Lehane said people may need to use stronger AI systems to defend against attacks from other AI models. He warned that some open source models could also…
Meta is facing a major child safety trial in California over claims that its social media platforms can harm young users. The case could have a major effect on how Facebook and Instagram are designed for children. Lawyers for California and other US states say Meta built its platforms to keep users online for as long as possible. They also claim the company collected data from children and failed to protect them from harmful content. Megan O’Neill, a lawyer for California, said Meta’s business model can be summed up with four words: hook, hold, harvest and hide. She said the…
Aston Villa suffered a heavy 4-0 defeat at Brighton on Sunday as Ollie Watkins was left out of the squad amid growing talk of a move to Saudi Arabia. Villa manager Unai Emery did not deny reports that Watkins had refused to play. The England striker is considering a move to Al-Hilal, who have already made several bids for the 30-year-old forward. Emery faced a major problem in attack before the match. Brian Madjo and Tammy Abraham were both unavailable through injury. Watkins was also missing, leaving Emery with few options in attack. The Villa boss had to use Emiliano…
Lewis Hamilton has called on Ferrari to improve its race strategy after a frustrating Dutch Grand Prix. The British driver finished fourth at Zandvoort but felt he could have challenged for the podium if Ferrari had acted sooner. Lando Norris won the race for McLaren. Mercedes drivers Kimi Antonelli and George Russell finished second and third. Hamilton had a strong pace late in the race but lost valuable time behind Ferrari team-mate Charles Leclerc. Hamilton was on a different tyre plan and believed Ferrari should have moved Leclerc aside earlier. When Ferrari finally brought Leclerc into the pits, Hamilton made…
England fast bowler Brydon Carse is under investigation by the England and Wales Cricket Board after footage showed him in police handcuffs outside a bar in Derby. The incident happened late on Saturday after Durham completed a three-day win over Derbyshire in the County Championship. Durham are leading Division Two and had just finished a strong performance against Derbyshire. Carse was seen outside a bar after the match. England team-mates Matthew Potts and Ben Stokes also appear briefly in the footage. The ECB has confirmed that it is investigating the incident. The board said it was aware of reports about…
Newcastle United and Liverpool played out a thrilling 2-2 draw at St James’ Park as both teams began the new Premier League season with plenty of drama. Anthony Elanga opened the scoring for Newcastle after William Osula sent him clear. Elanga showed good pace before keeping his cool and finishing past Alisson. The goal was a major moment for the winger. Elanga joined Newcastle from Nottingham Forest for £55m after the 2025-26 season. He had gone through the entire league campaign without scoring. His drought began after he missed a simpler chance against Aston Villa on the opening day last…
UEFA president Aleksander Ceferin has warned Gianni Infantino that he could face an opponent if he seeks another term as FIFA president next March. Ceferin has also launched a strong attack on Infantino’s failed plan to sell stakes in parts of the World Cup. He described the project as worse than the proposed European Super League. He said the Super League was wrong, but the FIFA plan would have put football itself at risk. The FIFA Forward Enterprise plan was shelved in early August after strong opposition from football groups. UEFA has taken a leading role in the resistance. It…
Britons traveling to Europe this summer are facing new problems at the border as the European Union’s digital entry system causes delays and confusion. The Entry Exit System, known as EES, requires many non-EU travelers to register when entering and leaving the Schengen area. The system records passport details, photographs and fingerprints. It also aims to track how long visitors stay in the Schengen area. EES has been fully active since April. However, many UK travelers say they have faced long queues, faulty machines and unclear instructions. Some passengers have reported waits of several hours. Others say the delays have…
Michael Jeffries, the former chief executive of Abercrombie & Fitch, has been ruled mentally fit to stand trial on federal sex trafficking charges. A US federal judge made the decision after Jeffries spent about four months in a federal medical facility in North Carolina. Jeffries is 82 and is currently free on bond. His trial is scheduled for late October. He will face the case alongside two co-defendants, Matthew Smith and James Jacobson. All three men have pleaded not guilty to federal charges that include sex trafficking and interstate prostitution. Judge Nusrat Choudhury said Jeffries has a clear understanding of…
