Top 10 AI News
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Xcel CEO Says AI Power Needs Raise Prospect of New Large Nuclear
Xcel Energy’s CEO highlights the surging power demands from AI data centers, suggesting that new large-scale nuclear plants may be necessary to meet future energy needs.
Apple Posts Disappointing China Sales, Warns of Tariff Pain
Apple reported weaker-than-expected sales in China and cautioned that upcoming tariffs could further impact its earnings, reflecting ongoing trade tensions and shifting consumer demand.
Elon Musk Lost 25% of Fortune During His Quest to Gut the US Government
Tesla CEO Elon Musk saw his wealth drop by 25% as he took on an unprecedented role in the Trump administration, focusing on slashing federal bureaucracy, which also affected Tesla’s business.
Amazon Braces for Tougher Business Climate Amid Trump Trade War
Amazon projects profits that miss estimates as the company prepares for a more challenging business environment due to ongoing trade disputes and tariffs under the Trump administration.
Tesla Board in Spotlight After Cashing In $1.2 Billion With Musk
Tesla’s board faces scrutiny after members, including CEO Elon Musk, sold $1.2 billion in shares, raising questions about governance and insider activity amid market volatility.
Lightspeed Is Latest Firm to Shift Away From Classic VC Model
Venture capital firm Lightspeed is moving away from the traditional VC model, reflecting broader changes in the startup funding landscape as firms seek new strategies for growth and returns.
Large AI Projects Present $1.8 Trillion Capital Pool for Private Credit
Major AI infrastructure projects are creating a $1.8 trillion opportunity for private credit investors, as traditional financing struggles to keep up with the sector’s rapid expansion.
Uncork Raises $300 Million to Find the Next Poshmark, Postmates
Venture firm Uncork Capital has raised $300 million to invest in early-stage startups, aiming to discover the next big names in tech following successes like Poshmark and Postmates.
Abu Dhabi’s ADQ Plots Next Act After Assets Double in Four Years
Abu Dhabi’s state holding company ADQ is planning its next phase of growth after doubling its assets in just four years, signaling the region’s growing influence in global finance and technology.
What Trump’s ‘Golden Dome’ Can Learn From Israeli Air Defenses
An in-depth look at Israel’s advanced air defense system offers lessons for the US as it considers developing its own missile shield, dubbed the ‘Golden Dome.’
DeepSeek Challenges Everyone’s Assumptions About AI Costs
Chinese AI startup DeepSeek claims its ChatGPT rival operates at a fraction of the cost, prompting a reevaluation of the massive budgets currently allocated to AI development.
AI Needs So Much Energy It’s Distorting US Power for Millions of Homes
A Bloomberg analysis finds that the rapid expansion of AI data centers is causing significant power distortions in US homes, especially near major data hubs.
Masayoshi Son’s Quest to Become the Next Nvidia
SoftBank founder Masayoshi Son pledges a $100 billion investment in US AI, aiming to transform his company into a global leader akin to Nvidia.
How 12 Climate Tech Startups Are Shaping the Energy Transition in a Turbulent World
Winners of BloombergNEF’s annual Pioneers awards are deploying next-generation climate solutions, driving innovation in the global energy transition.
Apple to Source 19 Billion Chips from US Factories, Cook Says
Apple CEO Tim Cook announced plans to source $19 billion worth of chips from US factories, as part of a broader push to localize supply chains and reduce reliance on overseas manufacturing.
AI Wants More Data. More Chips. More Real Estate. More Power. More Water. More Everything
The AI boom is driving unprecedented demand for data, chips, real estate, power, and water, straining global infrastructure and supply chains.