The boom in generative AI has prompted the need for data centers, which require a large amount of power. Christine Todd Whitman, Former New Jersey Governor, EPA Administrator and States United Democracy Center Co-Founder and Co-Chair takes us through how small modular reactors might mitigate environmental effects of powering data centers. (Source: Bloomberg) from Bloomberg…
A day after announcing a deal to provide nuclear energy to a data center, Oklo Inc. says it expects to sign additional contracts from the power-hungry industry. from Bloomberg Markets https://ift.tt/tyQ9paz
Police raids in China to stem billions of dollars in illicit foreign-exchange transactions have highlighted the continuing use of cryptocurrencies there despite Beijing’s prohibition of digital-asset trading. from Bloomberg Markets https://ift.tt/Vx6mYD1
Massachusetts stands to lose almost $1 billion in annual revenue by 2030 as high taxes and housing costs push wealthy residents to move elsewhere. Mark Williams, the primary researcher on the study and a lecturer at Boston University’s Questrom School of Business, explains on Bloomberg Television. from Bloomberg Markets https://ift.tt/sgOhD39
With each passing week, the bear case for Wall Street proves too tempting to pass up for a handful of gutsy traders. from Bloomberg Markets https://ift.tt/DMqQyUP
GameStop Corp. shares rallied in late trading after the retail trader favorite announced it brought in nearly $1 billion from a share sale program. from Bloomberg Markets https://ift.tt/ushcNdU
Money managers became the most bullish on gold in more than four years as prices surged to a fresh record earlier this week. from Bloomberg Markets https://ift.tt/TwtbH1L
A bleak start to the year for Lululemon Athletica Inc. worsened this week after the departure of a key executive exacerbated Wall Street’s concerns around the outlook for the activewear company just ahead of its earnings report. from Bloomberg Markets https://ift.tt/n2wghbS
Apple Inc.’s approach to generative AI is focused on three components – on-device processing for basic tasks, a cloud-based engine for more advanced features and a partnership with OpenAI to power a new chatbot, Bloomberg’s Mark Gurman reports. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/z69QPGh
China’s outsized role in world trade is alarming global finance chiefs, who are poised to forge a united front in Italy priming their nations to challenge “harmful practices.” from Bloomberg Markets https://ift.tt/w2R5Bra