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- 1Big Tech backs up to $300bn in debt for AI datacentres●“ #BigTech companies are rapidly expanding their use of #guarantees to back debt for #AI #datacentres and #chips , issui
Major technology companies are rapidly expanding their use of guarantees to back debt financing for AI datacentres and chips, issuing up to $300bn in commitments in under a year while recording little of that exposure on their balance sheets. The practice is drawing scrutiny because it keeps large contingent liabilities off the books, echoing concerns about hidden leverage building up across the AI infrastructure boom.
- 2Freedom United warns traffickers groom children on social media●# News : Freedom United warns # traffickers are using # socialmedia to groom and sell children while # BigTech hides beh
Anti-trafficking organisation Freedom United is warning that human traffickers are using social media platforms to groom and sell children, while major technology companies avoid legal accountability. The group says Section 230 of the US Communications Decency Act allows platforms to evade liability for hosting content that enables trafficking, and is calling attention to gaps in US law that leave children unprotected online.