This year Big Tech got into the energy game in a big way, and if it wants to chase AI it’ll need even more energy in years to come.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
FERC kiboshed a bid to increase the amount of power that a nuclear plant in Pennsylvania is allowed to supply to one of Amazon’s data centers.
A group of 14 large banks and other financial institutions announced that they’re going to up their support for the nuclear power industry.
AI’s energy needs are enormous, and could have a once-in-a-generation impact on the electricity market.
It’s the latest in several moves — announced in swift succession — that suggest a radical overhaul in Zuckerberg’s thinking about Meta.
Executives at top financial services firms expect to cut as many 200,000 jobs in the next five years and significantly increase revenues.
The investment company says advisors and investors should break from the traditional strategy and take on more defensive positions this year.