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The artificial intelligence boom has one big thing holding it back: energy. A.I. companies rely on power-hungry data centers to train their models, and they need gigawatts of power to keep them humming. With only so much energy to go around and only so much funding to build new infrastructure, it’s fiercely competitive out there….
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese social network Weibo published its annual report last week. In it was a warning — the same one the company has published regularly since it first went public in New York in 2014 —…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russian forces have withdrawn from a stronghold in northern Mali as the country’s Moscow-backed regime reels from a series of co-ordinated assaults that killed the defence minister and left the ruling military junta shaken. Mali,…
A view shows a board with the logo of Shell at the company’s fuel station in Saint Petersburg, Russia May 6, 2022. Anton Vaganov | Reuters British oil major Shell on Monday said it agreed a deal to buy Canadian energy company ARC Resources in an output-boosting deal valued at $16.4 billion. The transaction will…
Sam Sidhu, CEO of Customers Bank. Courtesy: Customers Bank Nearly half an hour into a conference call on Friday to discuss first-quarter results with analysts, Customers Bank CEO Sam Sidhu revealed something unusual — up until that point, he hadn’t actually been speaking. “The prepared remarks you heard on my behalf today were delivered by…
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The US Air Force moved into Lakenheath in Britain in 1948. Ramstein air base was established in Germany in the early 1950s. Today there are over forty US military bases in Europe, hosting…
China’s state planner on Monday called for Meta to unwind its $2 billion acquisition of Manus, a Singaporean AI startup with Chinese roots. The decision to prohibit foreign investment in Manus was made in accordance with laws and regulations, the National Development and Reform Commission said in a brief statement. It added that it has…
It’s a weird moment for electric vehicles in the United States. Sales have slumped since the Trump administration ended the $7,500 tax credit, and car manufacturers are canceling models. And while it’s likely that the recent surge in gas prices will push more people to E.V.s, it probably won’t happen fast. But if there’s a…
The fallout from two months of war in Iran is shuttering textile mills in India and Bangladesh, grounding airplanes in Ireland, Poland and Germany, and prompting energy rationing in Vietnam, South Korea and Thailand. The only country, it seems, that has been relatively spared from the economic chaos is the one that started the war:…
SHANGHAI, CHINA – NOVEMBER 05: People visit the booth of Organon during the 7th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 5, 2024 in Shanghai, China. The 7th China International Import Expo (CIIE) kicked off in Shanghai on November 5. (Photo by Tang Yanjun/China News Service/VCG via…
