DICKSON CITY — Residents overwhelmingly opposed the notion of data centers on the mountain above Business Route 6 during a public hearing Tuesday night where borough officials and the community pressed a data center developer for information. A standing-room-only crowd of at least 200 concerned residents packed Dickson City’s council chambers for a public hearing…
In early 2020, the prevailing narrative in the power sector was a continuation story of the developments from the decade before: renewable buildout will keep compounding, thermal capacity will keep retiring (albeit at a slower rate), markets will evolve to compensate for flexible generation products, capital will keep moving earlier in the development value chain…
(Bloomberg) — Chinese artificial intelligence startup DeepSeek has relied on Nvidia Corp. (NVDA) chips that are banned in the country to develop an upcoming AI model, according to a new report in The Information. Nvidia’s Blackwell chips were smuggled into China through countries that permitted their sale, The Information reported, citing unnamed sources. More specifically,…
As November wraps up, a holiday-shortened week of trading, courtesy of Thanksgiving Day and Black Friday, will greet investors who continue to wrestle with the fallout from Nvidia’s (NVDA) blockbuster earnings report alongside flagging confidence in the overall AI-driven market. On Friday, markets capped a roller-coaster week with daily gains but weekly losses, as the…
Nvidia blew past Wall Street financial targets in its third quarter, posting a 62% surge in revenue and forecasting continued strong growth for the current quarter with demand for its AI chips showing no sign of slowing down. “Blackwell sales are off the charts, and cloud GPUs are sold out,” CEO Jensen Huang said in…
Oracle Corporation (NYSE:ORCL) has seen a significant market reaction following its bold shift towards artificial intelligence (AI), resulting in a 25% drop in shares over the past month. What Happened: Oracle’s ambitious entry into the AI sector, fueled by substantial borrowing, has caused unease on Wall Street. The tech behemoth has pledged to invest hundreds of…
“It’ll happen slowly, and then all at once.” That’s how Jim Morrow, founder and chief investment officer of Callodine Capital, describes the eventual – inevitable – unwinding of what he calls “the most crowded trade in history.” Of course, he isn’t just paraphrasing Ernest Hemingway—he’s talking about the AI race, and the trillion-dollar deals so…
Voter anger over the cost of living is hurtling forward into next year’s midterm elections, when pivotal contests will be decided by communities that are home to fast-rising electric bills or fights over who’s footing the bill to power Big Tech’s energy-hungry data centers. Electricity costs were a key issue in this week’s elections for governor in…
A vast data center in Plano, Texas, is a symbol of the enormous AI infrastructure boom that has boosted stock markets and driven U.S. economic growth over the past year. The data center occupies more than 450,000 square feet and cost $1.6 billion to construct and equip. It supplies 30 megawatts of computing power to…
The Texas shale boom is showing signs of cooling, but demand from the AI boom could help steady the state’s flagging energy industry. Production activity in America’s oil and gas sector, concentrated in Texas, fell in the third quarter, according to data released in September by the Federal Reserve Bank of Dallas. This marked the…