(Bloomberg) — Chinese investors hunting for the next artificial intelligence winners are looking beyond high-flying chipmakers to the utilities and metal producers that form the industry’s physical backbone. The shift toward the sector’s supply chain — from power generators to materials used in data centers — reflects growing concern over lofty valuations in pure-play AI…
In just one day, China dammed a huge river in two spots to build a mega hydropower project in the southwestern province of Sichuan, according to China Electric Power News under the National Energy Administration. The flow of the Yalong River, a secondary tributary of the Yangtze River, was intercepted as the first step in…
Here is a funny thing about valuation “bubbles” involving financial instruments. In every individual case, you unavoidably end up asking: “What were they thinking?” Or stated differently, what causes a significant part of the supposedly rational investing public to collectively lose their minds for a relatively brief period? A few tulip bulbs, for example, were…
SHOSTKA, Ukraine (AP) — As the lights went out in her hometown, 40-year-old Zinaida Kot could not help but think about her next dialysis treatment for kidney disease. Without electricity, the machine that keeps her alive stops working. Kot is among millions of Ukrainians who are bracing for another winter of power cuts and possibly…
China is outpacing the United States in the global race to dominate energy exports, as demand for clean technology surges and fossil fuel revenues plateau. The country exported $120bn in green technology through July 2025, surpassing the $80bn in US oil and gas exports over the same period, Bloomberg reported on October 12. With the…
They’ve got the money and the chips. Now they need the power. Nvidia announced Monday that it plans to invest $100 billion in OpenAI in a deal that would give the ChatGPT maker a major leg up in the AI race — access to 10 gigawatts worth of the high-powered GPUs it needs to satisfy…
Americans will dish out more money to heat their homes this winter as electricity and natural gas costs continue to soar. That’s according to a new study from the National Energy Assistance Directors Association (NEADA) which predicts that Americans will see their energy bill rise 7.6% to $976 on average this cold weather season. Those who…
According to a report by Tehran-based Fars News Agency, Iran is struggling with a power shortage and increasing blackouts, while the development of renewable energy, especially solar energy, could be the key to solving that problem. In this year’s Iran-China agreement, it is stipulated that 7,000 megawatts of solar panels will be provided, and its…
(The Center Square) – When Microsoft announced plans for an additional $4 billion data center in Kenosha County on Thursday morning, it came with comments from Wisconsin Gov. Tony Evers and Milwaukee County Executive and governor candidate David Crowley about the benefits. But many of the usually benefits of a business entering the state –…
(Bloomberg) — Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 1.8%. Samsung Electronics Co. and SK Hynix Inc….