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AXIOS (Ben Berkowitz) - The business of AI is facing 4 harsh realities

Investors were confronted this past week with four difficult realities that may fundamentally change the way they think about AI the business vs. AI the technology: - AI is too expensive, say CEOs and even Microsoft itself. - It's not paying off nearly as much as companies expected, per a new Bain study . - Infrastructure demand is strong — but not as strong as the most optimistic wanted, as Broadcom showed with its "weak " forecast. - Financing that infrastructure is going to be more expensive for longer, with signs pointing to the Fed raising , not lowering, interest rates. Why it matters: Those realities challenge assumptions that powered markets to historic heights over the past few years. It's hard to justify chip or…

JUSTTHENEWS (Kevin Killough) - Illinois Gov. Pritzker to pause tax breaks for data centers to conduct review of community impacts

Pritzker had asked lawmakers this year to suspend the incentives while they develop a comprehensive review of how the facilities are impacting communities. They didn't act on that request, so Pritzker plans to do it himself.

AXIOS (Ina Fried) - Scoop: First Windows PCs powered by Nvidia chips to debut next week

The company best known for powering the AI boom is coming for the PC: Nvidia is expected next week to debut the first Windows computers that use its chips as the main processor, sources confirm to Axios. Why it matters: Microsoft's first AI PC push stumbled , but Nvidia's arrival gives it a second chance, this time with the world's hottest chipmaker attached. Driving the news: Nvidia and Microsoft will unveil their joint work and the first computers running the chips at two key industry conferences — the Computex trade show in Taiwan and Microsoft's Build developer conference in San Francisco. - Nvidia-powered PCs are expected both from Microsoft's homegrown Surface brand as well as other computer makers, including Dell, sources…