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AI & Enterprise

Musk says SpaceX raised $40 billion in debt to buy GPUs, warns neocloud shakeout

SpaceX has completed $40 billion in debt financing to buy graphics processing units for AI data centers, Elon Musk said. Musk said funding is becoming harder to secure, and he expects restructuring in the neocloud sector to accelerate. He said companies without substantial revenue outside AI data centers have effectively lost access to debt markets, and predicted consolidation and closures among more than 200 neocloud firms.

Industry

Hecto Healthcare studies probiotics in elite athletes, exercise duration up 33.3 seconds

Hecto Healthcare said on Oct. 26 that results from a clinical study of its multi-strain probiotic SLAB51 in elite athletes were published in the international journal Nutrients. The research, carried out by a team led by Professor Yoon Ji-woon at the Korea National Sport University’s Sports Analysis & AI Center, tested 36 male elite athletes. After one week of intake, total exercise duration averaged 33.3 seconds longer than with placebo.

Mobility

Tesla drops Cybertruck launch plans in Australia and New Zealand, refunds all deposits after 7 years

Tesla has officially withdrawn plans to launch its Cybertruck electric pickup in Australia and New Zealand, cancelling all existing reservations. The company emailed customers to inform them their orders were cancelled because production plans for those markets were halted, and said deposits would be fully refunded within 30 days. Reservations in Australia had been available since November 2019 with a A$150 deposit. The move comes after Tesla reported its 2026 third-quarter results.