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Artificial intelligence company Anthropic announced a $50 billion investment in computing infrastructure on Wednesday that will include new data centers in Texas and New York. Microsoft also on Wednesday announced a new data center under construction in Atlanta, Georgia, describing it as connected to another in Wisconsin to form a massive supercomputer running on hundreds of thousands of Nvidia chips to power AI technology. The latest deals show that the tech industry is moving forward on huge spending to build energy-hungry AI infrastructure, despite lingering financial concerns about a bubble, environmental considerations, and the political effects of fast-rising electricity bills in the communities where they’re constructed. Anthropic, maker of the chatbot Claude, said it is working with London-based Fluidstack to build the new computing facilities to power its AI systems. It didn’t disclose their exact locations or what source of electricity they will need. Another company, cryptocurrency mining data center developer TeraWulf, has previously revealed it was working with Fluidstack on Google-backed data center projects in Texas and New York, on the shore of Lake Ontario. TeraWulf declined comment Wednesday. A report last month from TD Cowen said that the leading cloud computing providers leased a staggering amount of U.S. data center capacity in the third fiscal quarter of this year, amounting to more than 7.4 gigawatts of energy, more than all of last year combined. Oracle was securing the most capacity during that time, much of it supporting AI workloads for Anthropic’s chief rival OpenAI, maker of ChatGPT. Google was second and Fluidstack came in third, ahead of Meta, Amazon, CoreWeave, and Microsoft. Anthropic said its projects will create about 800 permanent jobs and 2,400 construction jobs. It said in a statement that the scale of this investment is necessary to meet the growing demand for Claude from hundreds of thousands of businesses while keeping our research at the frontier. Microsoft has branded its Atlanta data center as Fairwater 2, after the original Fairwater complex being built near Milwaukee, Wisconsin. The company said it will help power its own technology, along with OpenAI’s and other AI developers. Microsoft was, until earlier this year, OpenAI’s exclusive cloud computing provider before the two companies amended their partnership. OpenAI has since announced more than $1 trillion in infrastructure obligations, much of it tied to its Stargate project with partners Oracle and SoftBank. The tech industry’s huge amount of spending on computing infrastructure for AI startups that aren’t yet profitable has fueled concerns about an AI investment bubble. Investors have closely watched a series of intertwined deals over recent months between top AI developers such as OpenAI and Anthropic and the companies building the costly computer chips and data centers needed to power their AI products. Anthropic said it will continue to prioritize cost-effective, capital-efficient approaches to scaling up its business. Matt O’Brien, AP technology writer
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E-Commerce
Oscar-winning actors Michael Caine and Matthew McConaughey have made deals with voice-cloning company ElevenLabs that will allow its artificial intelligence technology to replicate their voices. Caine said in a statement that ElevenLabs is using innovation not to replace humanity, but to celebrate it. Its not about replacing voices; its about amplifying them, opening doors for new storytellers everywhere, said the 92-year-old British actor in a written statement. McConaughey also said he is investing in the New York-based startup and has had a relationship with it for several years. Financial terms of the deals were not disclosed. McConaughey said the deal will enable him to voice his newsletter in Spanish. Founded in 2022 and based in New York, ElevenLabs initially developed its technology to dub audio in different languages for movies, audiobooks, and video games to preserve the speakers voice and emotions. But shortly after its public release, ElevenLabs said in January 2023 it was seeing an increasing number of voice cloning misuse cases and promised new safeguards to tamp down on abuse, including limiting features to paid users. A year later, however, a digital consultant was able to use ElevenLabs software to mimic then-President Joe Biden’s voice in a robocall message sent to thousands of New Hampshire voters. The company now says it has additional measures to block the cloning of celebrity and other high-profile voices without their consent.
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E-Commerce
For many Americans, 2025 has been tough economically. Tariffs have raised the price of goods (from coffee to clothing), inflation is still rising, and more than 1 million jobs have been cut since January. Then came the longest government shutdown in U.S. history, which furloughed some 670,000 federal workers. Another roughly 730,000 had to keep working, but without pay, according to the Bipartisan Policy Center. And amid that came a pause in SNAP benefits, which left 42 million Americans without the food stamps that help them afford groceries. SoLo Funds, a community finance platform, has seen the impact of these events firsthand. Requests for loans on the SoLo platform relating to the Electronic Benefits Transfer (EBT) program and the Supplemental Nutrition Assistance Program (SNAP) have increased by 32% since October 1, compared with the year prior. Loan requests relating to the government shutdown or furloughslike users saying they missed their paycheck because of the shutdown or that they were waiting on furloughed paysurged 775% as of October 1, compared with the average weekly volume of requests in the months prior. While there wasn’t a government shutdown before October, SoLo says it did see references to those terms earlier in the year that were linked to delayed paychecks, budget freezes, or agency funding pauses. The 775% spike represents an increase from thousands of dollars in loan requests to hundreds of thousands of dollars, according to the company. And throughout 2025, SoLo funds says it’s continued to see spikes in loan requests for basic necessities such as groceries, rent, and utilities. [Screenshots: SoLo Funds] How SoLo Loans work SoLo is a financial service, but it doesnt operate like a typical bank. Members can get a checking account and a debit card, plus access to the loan marketplace. There, they can make loan requests, citing a reason that they need the money. Other members can then scroll through the marketplace of loans and choose to fund someones loan directly. Instead of a hefty interest ratelike those that come with “buy now, pay later” (BNPL) or payday loansloans through SoLo come with a flat fee; interest doesnt compound or accrue over time, and theres no penalty for late payments. And yet SoLo says its repayment rate is above 94%. Borrowers can also leave a tip for lenders. SoLo founders Travis Holoway and Rodney Williams [Photo: courtesy SoLo Funds] What we have been able to quantify is that working-class Americans, the heart and soul of our country, even in times of low or inconsistent income, they tend to figure it out, says SoLo president and cofounder Rodney Williams. With standard loan products, you cant get a loan if youre figuring it out. You cant get a loan in between jobs. SoLo does not require proof of income for its loans, but instead requires a snapshot of cash flow; its AI underwriting process then provides a score to the user. The company first launched in 2018 and has raised $15.5 million in funding to date. That isnt exactly significant capital compared with the top fintech companies. Stripe, Chime, and SoFi, for example, have all raised billions of dollars (and the latter two are now publicly traded). But Williams says SoLo sees 20% growth every quarter. The people have decided they need this, he adds. Community finance in action Overall, the top five reasons people request SoLo loans are for utilities, rent, medical bills, pet bills, and car repair. Requests for groceries have spiked recently, too. These are measures of consumer confidence and sentiment, Williams says. SoLo has grown to more than 2 million users who are actively on the platform to make ends meet, he adds. Since its launch, users have provided $700 million in loans to other individuals. The average SoLo Funds loan request is around $250. Members can borrow up to $625, but first-time borrowers start at $100 and earn the ability to request higher amounts as they repay on time. That loan requests for furloughed workers, the government shutdown, EBT, and SNAP have increased since October highlights how Americans continue to face financial struggles, as well as how community support has emerged as a stopgap. [Those Americans] came to community finance . . . and asked for people to help. And guess what? They got funded, because people can see this person is just in between situations because of the government, Williams says. Like, this is a good person, and Im going to bet on that person. Community support has surged as people have felt abandoned by their government. Across the country, individuals have shared resources for federal workers and donated food to those in need. SoLo considers itself another form of community support; its loans can be used for anything, in any situationunlike “buy now, pay later,” which requires the merchant to offer that option (someone likely cant use BNPL to fix their flat tire, Williams notes) or even earned wage access, which requires someone to have a paycheck coming from which they can draw funds early. That option isnt available to furloughed or laid-off workers. Strangers helping strangers The government shutdown is now near a possible end, but many Americans may still need financial help, especially since healthcare premiums are set to increase substantially as a result of the Senate’s failure to extend the Affordable Care Act subsidies. Americans were struggling before the shutdown, and theyre going to be struggling after, Williams says. Though the stock market is strong, he notes, many Americans are underemployed, and fears of AI taking over jobs may keep those Americans from being employed at the level they should be, he adds. Plus, nearly 40% of Americans dont own any stocks and so they arent seeing those gains. Despite these challenges, Williams is buoyed by the empathy he sees on SoLos platformof individuals connecting and helping one another in times of need. Every day, thousands of people lend to and borrow from a stranger, he says. Every day, I see little American miracles of empathy.
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E-Commerce
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