Tag: fast
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Meta expands Louisiana data center to 5 gigawatts, investment crosses $50 billion
July 13 : Meta said on Monday its data center in Richland Parish, Louisiana, will expand to 5 gigawatts of compute capacity, with investment in the project increasing to more than $50 billion.The planned data center, known as Hyperion, was earlier projected to deliver more than 2 gigawatts of compute capacity
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White House to rally utilities, data centers for AI power cost pledge, sources say
WASHINGTON, July 13 : The White House plans to bring together utility companies and data center developers to make a voluntary pledge designed to ensure that rapid growth in electricity demand from artificial intelligence does not drive up power bills for households and businesses, according to three people familiar
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Over 200 experts call for urgent action to tackle AI’s economic impact
July 13 : More than 200 researchers and economists, including 15 Nobel laureates and researchers at OpenAI, Anthropic and Google, have called for governments and technology leaders to urgently create policies and institutions to address the economic impact of AI.They issued the jointly signed statement on Mon
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A pension shift in Japan may hurt some foreign money managers
HONG KONG, July 13 : Global asset managers such as State Street and Legal & General face a potential hit of tens of millions of dollars in money management fees after Japan signaled a goal to channel more state retirement funds into domestic assets.Investors bet that billions of dollars could be shifted into
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Meta expands Louisiana data center to 5 gigawatts compute capacity
July 13 : Meta said on Monday its data center in Richland Parish, Louisiana will expand to 5 gigawatts of compute capacity, in a bid to support the social media company’s AI ambitions. Since breaking ground in December 2024, local Louisiana businesses have received more than $1.6 billion in contracts from Met
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Strategy bitcoin sales shine light on faltering crypto hoarding companies
NEW YORK, July 13 : A move by Michael Saylor’s bitcoin stockpiling company Strategy to authorize more bitcoin sales has once again shone a spotlight on a clutch of public crypto hoarding companies, which have been buffeted by falling token prices. Strategy’s shares briefly bounced on Friday after analysts ble
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White House to rally utilities, data centers over AI power costs
WASHINGTON, July 13 : The White House plans to bring together utility companies and data center developers for a voluntary pledge designed to ensure rapid growth in electricity demand from artificial intelligence does not drive up power bills for households and businesses, according to three people familiar with the
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Korean Air Q2 profit falls 34% on higher fuel costs, revenue hits record high
HONG KONG, July 13 : Korean Air Lines reported a 34 per cent drop in second-quarter operating profit on Monday, as surging fuel costs weighed on earnings despite the carrier posting record revenue for the quarter.• The South Korean flag carrier said operating profit for the April-June period fell to 261.8 b
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India’s TCS bags multi-million contract from industrial giant ABB
BENGALURU, July 13 : Tata Consultancy Services has secured a multi-million contract from Swiss-Swedish industrial technology firm ABB, India’s top software services firm said on Monday.Here are some details:• TCS will design and run ABB’s global network ecosystem as an AI-driven service and secure it
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Strasbourg appoint Oliveira as head coach following O’Neil’s departure
July 13 : Racing Strasbourg have appointed Hugo Oliveira as their new head coach, the Ligue 1 club has announced.The Portuguese replaces Gary O’Neil, who led Strasbourg to an eighth-place finish in Ligue 1 and the semi-finals of the Europa Conference League before returning to England to join Ipswich Town.
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