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.
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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.
There were plenty of business losers in 2024, but only one for whom the sky was literally falling. In short: Boeing had a bad year.
Luxury brands were riding the subway instead of lounging in limos this year, though a couple of brands were able to buck the trend.
As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.