Global AI Push, Boeing-Archer Deal, and Colombia Quake: Top Business Stories
A consortium plans $500B for AI infrastructure; Boeing sells drone units to Archer; Sanders urges AI pause; Colombia quake kills 111.
A consortium of six financial groups, including BlackRock, Goldman Sachs, and KKR, is collaborating with Nvidia to raise $500 billion. The funds are intended to sustain the artificial intelligence boom by financing additional data centers, power plants, and chip production facilities.
In a separate corporate move, Boeing is selling three subsidiaries—Wisk Aero, SkyGrid, and Insitu—to Archer Aviation. As part of the deal, Boeing will receive a nearly 16.5 percent stake in Archer along with other benefits.
Meanwhile, U.S. Senator Bernie Sanders of Vermont has called on the chief executives of OpenAI, Anthropic, and Meta to pause artificial intelligence development. Sanders expressed concern that these corporations have already lost control of models that could lead to "potentially cataclysmic results" for millions of people.
In international news, a powerful 7.4-magnitude earthquake struck western Colombia, killing at least 111 people and injuring 87 others. Rescue crews and residents are continuing to search through flattened buildings, and the death toll is expected to rise.