Business

Mark Zuckerberg says Meta is building a 5GW AI data center

Mark Zuckerberg says Meta is building a 5GW AI data center

Meta is currently building out a data center, called Hyperion, which the company expects to supply its new AI lab with five gigawatts (GW) of computational power, CEO Mark Zuckerberg said in a Monday post on Threads. The announcement marks Meta’s latest move to get ahead of OpenAI and Google in the AI race. After previously poaching top talent to …

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As Elon Musk pushes Robotaxis, Tesla faces trial over fatal Autopilot crash – The Washington Post

As Elon Musk pushes Robotaxis, Tesla faces trial over fatal Autopilot crash  The Washington Post A lawsuit against Tesla and its driver-assistance technology goes to trial in Florida  NPR Tesla Faces First Jury Trial Tied to Its Autopilot System  The New York Times Jury selection begins in trial against Tesla in connection to autopilot system safety concerns  WSVN Tesla Goes to Trial Over Fatal …

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Powell asks watchdog to probe Fed HQ renovations as Trump pressure grows – Politico

Powell asks watchdog to probe Fed HQ renovations as Trump pressure grows  Politico Fed Chair Powell asks inspector general to review controversial building project  CNBC Scoop: Powell asks Fed’s IG to review renovation costs amid Trump pressure  Axios Contenders to succeed Powell slam Fed chair as White House pressure intensifies  Yahoo Finance Fed Defends Renovations as White House Widens Attacks on Central Bank  The New …

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Wizz Air Abu Dhabi Shutting Down, Citing Heat In The Middle East

Wizz Air Abu Dhabi Shutting Down, Citing Heat In The Middle East

I don’t talk much about Hungarian ultra low cost carrier Wizz Air, which has expanded massively in recent years, and for a long time, seemed unstoppable. Several years back, the airline launched a Wizz Air Abu Dhabi subsidiary, marking its first base in the Middle East. There’s now an interesting update, as the company will be fully shutting down this …

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Mark Zuckerberg Says Meta to Build Several Gigawatt-Size Data Centers – Bloomberg

Mark Zuckerberg Says Meta to Build Several Gigawatt-Size Data Centers  Bloomberg Meta’s Zuckerberg pledges hundreds of billions for AI data centers in superintelligence push  Yahoo Finance Zuckerberg says Meta will invest hundreds of billions in superintelligence  Reuters Meta CEO plans to invest $100’s of billions on AI, bring first 1GW-plus supercluster online  Seeking Alpha Eighty years after bomb, is AI a new arms race …

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Nasdaq-listed Sonnet BioTherapeutics agrees to $888 million merger to become Hyperliquid Strategies, launch HYPE treasury – The Block

Nasdaq-listed Sonnet BioTherapeutics agrees to $888 million merger to become Hyperliquid Strategies, launch HYPE treasury  The Block Massive $888M Deal: Biotech Firm Makes Historic Pivot to Become Largest US Public HYPE Token Holder  Stock Titan Sonnet BioTherapeutics jumps over 320%, combines business for HYPE crypto reserve (SONN:NASDAQ)  Seeking Alpha Sonnet BioTherapeutics, Inc. Announces $888 Million  GlobeNewswire Why Is Sonnet BioTherapeutics Stock (SONN) Up 180% …

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Memecoins fall back as smart money chases real utility – What happens now?

Memecoins fall back as smart money chases real utility – What happens now?

Key Takeways Memecoins are losing steam as whale holdings signal smart money is stepping away. Utility tokens are gaining ground, with indicators pointing to a clear capital rotation. Memecoins have always sat in that gray zone between hype and real utility. Projects like Floki [FLOKI], with initiatives like FlokiFi (aiming to break into DeFi) are clearly trying to flip the …

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GM, LG to upgrade Tennessee plant to make low-cost EV batteries

GM, LG to upgrade Tennessee plant to make low-cost EV batteries

Ultium Cells Spring Hill, TN. September 2022. Courtesy: Ultium Cells LLC Ultium Cells, a joint venture between General Motors and LG Energy Solution, said Monday it’s upgrading its facility in Spring Hill, Tennessee, to make low-cost electric vehicle battery cells. GM said the lithium iron phosphate battery cells — abbreviated LFP based on the elements’ chemical symbols — could be …

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