Nvidia CEO Jensen Huang told CNBC this week that the chipmaker’s AI infrastructure plan with OpenAI is “monumental in size.” Their plan is so big that it will push the boundaries of what is possible. The chipmaker and the AI lab are aiming to build at least 10 gigawatts of data centers. This will sap…
Sam Altman, CEO of OpenAI (L), and Jensen Huang CEO of Nvidia. Reuters ABILENE, Texas – Sam Altman had a deadline. OpenAI’s CEO was headed to Texas to unveil his company’s next big infrastructure push, and Nvidia CEO Jensen Huang wanted in on the action. Through a series of hurried negotiations, late-night calls and last-minute…
General Electric could not have chosen a better moment to launch its energy businesses as an independent company, CEO Scott Strazik said one month before GE Vernova debuted on the New York Stock Exchange. “Now that’s a big statement,” Strazik acknowledged at GE Vernova’s first investors’ day in March 2024. But he pointed to forecasts…
British Prime Minister Keir Starmer and United States President Donald Trump have signed a multibillion-pound deal to expand nuclear power across both nations. Known as the Atlantic Partnership for Advanced Nuclear Energy, the agreement aims to speed up the construction of new reactors and provide reliable, low-carbon energy for high-demand sectors, including energy-intensive artificial intelligence…
Those data centers will be powered by Nvidia chips and the company said it would ship up to 120,000 advanced GPUs to British data centers in total, funded by investments from Microsoft, Nscale, OpenAI and CoreWeave. Around half of those GPUs will go to British data center firm Nscale, which is partnering with Microsoft to…
President Donald Trump is urging NATO allies to stop buying Russian oil to cut off its main source of funding for its war in Ukraine, a move that experts warn could impact global oil supply and raise gas prices in the U.S.”We’re not buying oil from Russia. (NATO) is buying a lot of oil from…
President Donald Trump challenged members of the North Atlantic Treaty Organization (NATO) on Saturday to fully remove themselves from Russian oil before he agreed to further sanctions on Moscow, raising the question as to why some member states still use Russian oil years into the invasion of Ukraine. Newsweek reached out to NATO and the…
A recent discussion paper floated by the Danish presidency of the Council of the EU, seen by POLITICO, explored whether capitals would be open to imposing tariffs on Moscow as part of the bloc’s 19th sanctions package. That idea, according to several diplomats briefed on the talks, won little traction among ministers when it was…
China’s world-leading solar, battery and electric vehicle companies have sharply increased foreign investment plans in recent years, pledging more than $210 billion since 2022, according to new research. Chinese companies are expanding their supply chains abroad to capture new markets, avoid tariffs and get closer to sources of raw materials, Johns Hopkins University’s Net Zero…
Goldman Sachs recommends gold mining stocks as one of its top trades heading into the final quarter of the year, with the investment bank expecting the precious metal will continue to rally. Spot gold has already soared 38% this year, rising above $3,600 per ounce. Goldman expects prices will rise another 14% through 2026 due…