US President Donald Trump has announced a private sector investment in AI infrastructure through a joint venture called Stargate, with companies committing billions for immediate investment and job creation. OpenAI, Oracle, SoftBank, and MGX are key players in the funding, planning to invest up to $500 billion over four years to build data centers for AI projects in the US. Trump’s revocation of previous AI development restrictions has been praised, but concerns remain about the potential risks and lack of oversight in AI technology development.
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Construction economics still stalling apartments pipeline
SummaryPerth's median house price is projected to reach $850,000 by 2027, creating a demand for affordable apartments, yet developers face challenges due to rising construction costs outpacing market acceptance of prices. Urbis’ report highlights that only 19% of approved apartments since 2020 have begun construction, despite a sustained buyer confidence evidenced by over $1 billion in sales in the last year. Developers who can efficiently manage costs and understand market segments may find opportunities in...
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