On January 4th, according to CNBC, Microsoft (MSFT. O) said in a blog post on Friday that Microsoft will spend $80 billion on AI data centers in fiscal year 2025. Brad Smith, Microsoft's vice chairperson and president, wrote that more than half of Microsoft's $80 billion spending will go to the United States. Microsoft's fiscal year 2025 ends in June this year.
Microsoft (MSFT. O) said in a blog post Friday that it will spend $80 billion on AI data centers in fiscal year 2025, according to CNBC. Of Microsoft's $80 billion spending, more than half will go to the U.S., wrote Brad Smith, vice chairperson and president of Microsoft, which ends fiscal year 2025 in June.
In a recent blog post, Ethereum co-founder Vitalik Buterin outlined possible approaches the Ethereum community could take to minimize proof-of-stake centralization as part of a planned "catastrophic" escalation of the blockchain. Buterin called the issue "one of the biggest risks" to the Ethereum network and outlined several possible ways to block construction and pledge the supply of capital to minimize risk. (The Block)
Ondo Finance, a real-world asset (RWA) protocol, is extending access to the Ondo US Dollar Income Token (USDY) to Ethereum's Layer 2 scaling network Arbitrum, according to an Aug. 27 blog post. Ondo's USDY is an income token designed to give users an annual return of up to 5.35 percent through stablecoins such as USD Coin. Ondo says each USDY token is backed by bank deposits and short-term treasury security. The USDY has a total lock-in value of $364 million and is also available on eight blockc...