Tech
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3h ago
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AI's Hidden Costs & Data Center Boom Sink Tech Stocks

Tech stocks faced headwinds, AI development continued to expand, and a historical CIA publication was sunsetted, according to various reports this week. The S&P 500 experienced its fifth loss in six days, dragged down by technology stocks, while Meta expanded its Hyperion AI data center project, and the CIA retired its World Factbook.

Technology stocks broadly felt pressure, even when delivering strong results, Fortune reported. Advanced Micro Devices (AMD) dropped 17.3% on Wednesday, despite reporting stronger-than-expected profits for the latest quarter and providing a positive revenue forecast for early 2026. The S&P 500 fell 0.5%, while the Nasdaq composite sank 1.5%.

Meanwhile, Meta quietly expanded its Hyperion AI data center in Richland Parish, Louisiana, according to Fortune. The company purchased roughly 1,400 acres adjacent to its existing 2,250-acre site, bringing the total land to more than twice the size of Louis Armstrong International Airport in New Orleans. Sources affiliated with companies working on the site told Fortune that the land purchase paves the way for a phase 2 expansion of the Hyperion project, which has been discussed as one of the nation's largest AI data centers. Fortune observed active work underway on the newly acquired land.

In other news, one of the CIA's oldest and most recognizable intelligence publications, The World Factbook, was sunsetted, according to Hacker News. The World Factbook served the Intelligence Community and the general public as a longstanding, one-stop basic reference about countries and communities around the globe. The original classified publication, titled The National Basic Intelligence Factbook, launched in 1962. The first unclassified companion version was issued in 1971, and it was renamed The World Factbook a decade later. In 1997, The World Factbook went digital and debuted to a worldwide audience on the CIA website.

VentureBeat reported on the challenges faced by companies implementing AI strategies, noting that the initial euphoria around Generative and Agentic AI has shifted to a more pragmatic and often frustrated reality. CIOs and technical leaders are questioning why their pilot programs aren't delivering the promised results. According to VentureBeat, AI struggles not because it lacks intelligence, but because it lacks context, which is often trapped in a "Franken-stack" of disconnected point solutions.

Finally, Hacker News discussed the Codex desktop app, with Ben Shoemaker noting that while it is "pretty cool," it doesn't change everything. Shoemaker described the app as a "parallelization layer" that makes Git worktrees easy to use.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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