Alphabet has lined up banks to sell a rare 100-year bond, stepping up a borrowing spree by Big Tech companies racing to fund their vast investments in AI this year. From a report: The so-called century bond will form part of a debut sterling issuance this week by Google's parent company, according to people familiar with the matter. Alphabet was also selling $15bn of dollar bonds on Monday and lining up a Swiss franc bond sale, the people said. Century bonds -- long-term borrowing at its most extreme -- are highly unusual, although a flurry were sold during the period of very low interest rates that followed the financial crisis, including by governments such as Austria and Argentina. The University of Oxford, EDF and the Wellcome Trust -- the most recent in 2018 -- are the only issuers to have previously tapped the sterling century market. Such sales are even rarer in the tech sector, with most of the industry's biggest groups issuing up to 40 years, although IBM sold a 100-year bond back in 1996. Big Tech companies and their suppliers are expected to invest almost $700bn in AI infrastructure this year and are increasingly turning to the debt markets to finance the giant data centre build-out.

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Discord said today it's rolling out age verification on its platform globally starting next month, when it will automatically set all users' accounts to a "teen-appropriate" experience unless they demonstrate that they're adults. From a report: Users who aren't verified as adults will not be able to access age-restricted servers and channels, won't be able to speak in Discord's livestream-like "stage" channels, and will see content filters for any content Discord detects as graphic or sensitive. They will also get warning prompts for friend requests from potentially unfamiliar users, and DMs from unfamiliar users will be automatically filtered into a separate inbox. [...] A government ID might still be required for age verification in its global rollout. According to Discord, to remove the new "teen-by-default" changes and limitations, "users can choose to use facial age estimation or submit a form of identification to [Discord's] vendor partners, with more options coming in the future." The first option uses AI to analyze a user's video selfie, which Discord says never leaves the user's device. If the age group estimate (teen or adult) from the selfie is incorrect, users can appeal it or verify with a photo of an identity document instead. That document will be verified by a third party vendor, but Discord says the images of those documents "are deleted quickly -- in most cases, immediately after age confirmation."

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The AI boom has revived a workplace philosophy that China's own regulators cracked down on years ago: the 72-hour work week, known as 996 for its 9am-to-9pm, six-days-a-week cadence. US startups flush with venture capital are now openly advertising it as a feature, not a bug. Rilla, a New York-based AI company that monitors sales reps in the field, warns applicants on its careers page to expect roughly 70-hour weeks. Browser-Use, a seven-person startup building tools for AI-to-browser interaction, operates out of a shared "hacker house" where the line between living and working barely exists. In a market where dozens of startups are racing to ship similar AI products, founders believe longer hours buy them a competitive edge. But the research disagrees. A WHO and ILO analysis tied 55-plus-hour weeks to 745,000 deaths from stroke and heart disease globally in 2016 alone. Michigan State University found that an employee working 70 hours produces nearly the same output as one working 50.

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