Wall Street Journal

Private Equity Borrows Billions to Bring You Broadband Internet

Wall Street is churning out billions of dollars in complex bonds to bankroll construction of broadband fiber-optic networks, part of a nationwide push to widen high-speed internet access. Telecommunications companies have already sold more than triple the number of so-called fiber bonds they borrowed in all of 2022.

Even AI Hasn’t Helped Microsoft’s Bing Chip Away at Google’s Search Dominance

When Microsoft unveiled an AI-powered version of Bing in February 2023, the company said it could add $2 billion of revenue if the revamped search engine could pry away even a single point of market share from Google.