Keyword: investing
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After a year of holding back on new hires, companies from tech and transportation to defense now say they need more people to work alongside AIAmerica’s biggest companies say they might need more people after all. For months, major employers treated hiring as an expensive last resort. Now, a shift is emerging across industries. Companies ranging from railroad giant CSX to Google parent Alphabet GOOGL have told investors in recent days that they plan to hire to meet growth goals or to seize on emerging technologies.The push to expand head count, at least modestly, is a reversal from the prevailing...
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President Donald Trump is marching full steam ahead in support of “absolutely incredible” data centers being built across the United States, and told Americans: “You’re becoming a utility.” The remarks came during Trump’s roughly 20 minute remarks during a Thursday visit to Environmental Protection Agency’s headquarters in Washington D.C., during which he called data centers a “really important subject.” “It is something that you’re very familiar with. The people in the room are real doers. It’s an amazing group,” Trump continued. “We are here today to continue the incredible progress we are making in communities nationwide, to ensure that as...
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Iran’s Islamic Revolutionary Guard Corps said it has attacked Amazon’s data infrastructure in Bahrain, according to a statement reported by Fars, an IRGC-linked state media outlet. Fars News Agency said on Tuesday the IRGC had “attacked the central data infrastructure of the American company Amazon in Bahrain with several cruise missiles and destroyed it,” according to a translated Telegram post. CNBC was unable to independently verify the information. CNBC has reached out to the National Communication Center of Bahrain and Amazon for comment. Hostilities between the U.S. and Iran have ratcheted up over the past 10 days as President Donald...
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When New York Gov. Kathy Hochul signed a one-year moratorium on new large-scale data centers via executive order, it became the nation's first statewide ban. It will likely be popular. Polls find widespread opposition to data centers, and the objections seem to be growing. Around 70% oppose the construction of a new artificial intelligence data center in their area, with 48% strongly opposed. Only 27% favor it. Even in Texas, the energy-rich state with the most data centers, Gov. Greg Abbott has called for a ban on new developments in rural areas. The panic surrounding data centers is highly reminiscent...
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Fox Business anchor Dagen McDowell explains local opposition to data centres is rooted in public backlash against Google and Amazon, which profit off user data, which causes the frustration. McDowell points out the significant increase in data centre restrictions across the U.S., including New York's moratorium, reflecting concerns over energy, water, and job displacement.
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They’re bot for teacher. A rural upstate New York school district will be one of the first in the nation to bring a humanoid robot into the classroom. The Salamanca City Central School District, located on Seneca Nation territory, will be introducing $57,000 AI-powered “Sally” in high school classes in September as a teaching assistant, it announced last week. “Sally” will have brown hair, latex skin and will be able to move its arms and hands — but won’t be able to cruise around the classroom since her legs don’t move. “It’s exciting but also a bit nerve wracking,” superintendent...
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A humanoid robot is being introduced as part of a pilot program, along with an AI teaching assistant, at Salamanca high school in Salamanca, New York, located on the Allegany territory of the Seneca nation. Teachers have criticized the program, deeming it “inappropriate” and claiming it dehumanizes the profession with the introduction of human-like robots. Some local Native American residents have also criticized the pilot program, citing its implementation as “culturally tone deaf”. The robot, named Sally, was purchased by the Cattaraugus county school district – which includes Salamanca high school – for $57,590. According to a presentation on the...
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The upshot of Wang’s creative fervor is the GD01, which Unitree bills as the world’s first mass-produced, transformable mecha robot. Standing 9 ft. tall and weighing half a ton, it can transport a pilot in its torso-mounted cockpit, walk on either two legs or four, and wield fists powerful enough to knock down walls. Heavy-duty mechanical hinges connect titanium-alloy limbs to a protective casing of carbon fiber, enabling smooth, deliberate strides on brutish red legs.
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The topic of data centers – those nondescript lines of buildings that enable us to run Google searches and AI models all the livelong day – has become a hot political topic this year. The NIMBY (Not In My Backyard) crowd doesn't want them in their communities, but no one really wants to scale back their digital diets in order to absorb the impact having fewer data centers would have on all of us. A real conundrum, it would seem. If we want to keep up with technological advances, they have to go somewhere. Here in Virginia, a huge intra-party...
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Project would be one of the largest AI computing hubs and involve power controlled by the U.S. governmentNvidia NVDA is in talks to provide a roughly $250 billion backstop for OpenAI as part of a massive data center project, one of the most ambitious financial transactions yet in America’s artificial-intelligence boom.The guarantees from Nvidia would help the ChatGPT maker lease a 10-gigawatt project that SoftBank’s 9434 energy subsidiary is developing in southern Ohio, people familiar with the matter said. In total, the project could cost more than $500 billion, including the chips that would go inside the data centers. It...
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The Army has warned that a House-approved defense measure aimed at restricting certain foreign-made components in commercial data centers built on War Department land could jeopardize more than $1.3 billion in planned private investment as the Pentagon expands its data center footprint. The provision, sponsored by Rep. Cory Mills, R-Fla., was added to the House Armed Services Committee's version of the fiscal 2027 National Defense Authorization Act before the bill passed the House this week. If enacted, the measure would bar companies leasing War Department land from installing or operating data center equipment containing certain printed circuit boards, advanced semiconductors,...
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Perhaps the biggest obstacle to data centers seems to be water use. I just saw this: "One of the most common questions we get about AI data centers is how much water do they use? Fair question. Older designs cooled servers by evaporating water and people naturally assume ours do too. They don't. IREN's sites are different. Direct-to-chip liquid cooling in a closed loop. Same idea as a car radiator or a fridge. Fill it once and the water just goes round and round.Over the life of a 200MW site, the initial fill plus every top-up averages out to about...
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The investment, in partnership with Broadcom, is set to produce 15 billion chips, creating hundreds of U.S. jobs. Broadcom's facility in Fort Collins, Colorado, is expanding its capabilities to produce the chips. "This is another major win for America and another sign that the Trump administration’s economic agenda is delivering results," a Trump administration official told Fox News Digital. "Apple has made investing in the United States a clear priority, and we hope other companies will follow its lead. We commend Apple for recognizing this opportunity and taking meaningful steps to strengthen America’s chip supply chain." Apple CEO Tim Cook...
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Every time a disruptive technology arrives, the prediction is exactly the same: mass unemployment. ATMs were supposed to eliminate bank tellers. Spreadsheets were supposed to wipe out accountants. History tells a completely different, and terrifyingly counterintuitive, story. Out of every job title tracked by the U.S. Census over the past 60 years, exactly one has been fully eliminated by automation. In this episode, we break down the history of automation, from the birth of the ATM to the strange paradox of the airline pilot, to find out what it tells us about our future with AI. Are tools like Claude...
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For decades, retirement advice has focused on one question: How much should you save? But two veteran financial experts argue that’s the wrong place to start.The stock market has rewarded investors handsomely over the long run, and with major indexes hovering near record highs again, it’s easy to assume that simply investing consistently will be enough to fund a comfortable retirement.History suggests otherwise.According to retirement researchers Edward McQuarrie and William Bernstein, building a successful retirement has less to do with chasing market returns and more to do with understanding the kind of life you actually want to live.Their upcoming book,...
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In this video, The Electric Viking details Tesla's record-breaking Q2 2026 performance. Despite broader market skepticism, Tesla delivered 480,126 vehicles in the second quarter of 2026, marking a significant 25% year-over-year increase and crushing Wall Street's consensus estimates by roughly 74,000 units (0:13-0:28). Key takeaways from the report: Strong Rebound: This quarter marks Tesla's strongest second quarter ever and the first year-over-year growth following two straight years of decline (0:36-0:47). Production vs. Deliveries: Tesla delivered 480,126 vehicles while producing 451,758, indicating that they successfully cleared out excess inventory (0:51-1:03). Model Mix: Deliveries were heavily dominated by the Model Y and...
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Australia's wealthiest person, mining baron Gina Rinehart, has taken a stake of more than $1 billion in the record-setting $75 billion SpaceX (SPCX.O), the Wall Street Journal reported on Monday, citing a person familiar with the matter... Hancock is a significant investor in a swathe of rare earths companies including U.S.-based MP Materials, and Rare Earths Americas (REA.A), and Australia's Lynas Rare Earths (LYC.AX), as well as lithium producer Liontown Resources (LTR.AX), among many others. It bulked up its defence, gold and rare-earths holdings in its $3.3 billion U.S. portfolio this year, filings showed last month... While commending Musk's entrepreneurial...
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If you submitted an indication of interest for SpaceX IPO shares, you will need to confirm your indication of interest after the IPO has officially been priced, which is currently expected tomorrow evening (June 11th). Confirming an indication changes your indication to an order to buy shares at the offer price that SpaceX sets. Keep in mind that you will have a short window of time to confirm your indication of interest. Some participating brokerages are saying that public the window may open late in the evening and close as early as 7 AM ET the following morning (June 12)....
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A new Texas law allows companies with SAE Level 4 or higher autonomous vehicles to offer commercial driverless transportation. Tesla wasted no time in self-certifying their vehicles. On the same day the law went into effect, Tesla officially self-certified their FSD software on their robotaxi vehicles as Level 4 compliant. For years, Tesla’s Autopilot and FSD software, even in Texas, has navigated the consumer market under the constraints imposed by a Level 2 driver-assist system. And while Tesla now operates in Texas as a level-4 system, this does not change the level-2 designation for consumer vehicles. Taking Responsibility While many...
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Every layer of modern life depends on encryption so deeply that most people never even think about it. Until it stops working. For years, “cyber apocalypse” talk sounded like the tech version of a guy on a street corner holding a cardboard sign predicting the end times. Y2K came and went with barely a flicker. The Mayan calendar became a punchline. Even most ransomware attacks, destructive as they’ve been, still operated within recognizable rules. Servers go down. Companies panic. Bitcoin wallets light up. Insurance adjusters start chain-smoking. Q-Day is different. Not because it’s flashy. Because it’s boringly mathematical. And math...
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