SHELBYVILLE MAYOR'S DATA CENTER COMMENTS SPARK BACKLASH
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Shelbyville, Indiana's mayor Scott Furgeson faced criticism after being caught on camera dismissing opposition to a proposed $2 billion data center by disparaging residents' homes.
■ MORE FROM THE BIG TECH DESK
ASML's CEO Christophe Fouquet expressed support for the EU's technology sovereignty initiatives while flagging concerns about excessive government involvement in steering strategic projects.
Off-balance sheet debt at Alphabet, Microsoft, Amazon, Meta, and Oracle has surged roughly eightfold since 2022 to $1.65 trillion, now exceeding their reported balance sheet debt of $1.35 trillion, according to a new analysis.
Hyperscalers issued over $155 billion in unsecured bonds during May, exceeding 2025's total annual issuance by 45%. Investor demand for AI infrastructure debt has reached fever pitch, with some bond sales oversubscribed by 4x.
Grindr is pivoting from a dating-focused platform to a broader LGBTQ culture hub, introducing AI-powered features and a premium subscription tier to drive growth.