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Artificial intelligence company Anthropic announced a $50 billion investment in computing infrastructure on Wednesday that will include new data centers in Texas and New York. Microsoft has branded its Atlanta data center as Fairwater 2, after the original Fairwater complex being built near Milwaukee, Wisconsin. The company said it will help power its own technology, … Read more
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When the board of directors of a company authorizes and declares a cash dividend, the dividends payable liability equal to the amount of dividends declared arises. This transaction signifies money that is leaving your company, so we’ll credit or reduce your company’s cash account and debit your dividends payable account. The cash dividend declared is … Read more