Fervo Energy, which uses drilling techniques from the oil and gas industry to produce power from the earth’s heat, raised $1.9 billion in an initial public offering.
Category: Data Centers
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A Start-Up Aiming to Make Geothermal Energy Mainstream Goes Public
The New York Times – Business: -
Anthropic’s C.E.O. Says It Could Grow by 80 Times This Year
The New York Times – Business:The chief executive, Dario Amodei, said the rapid growth had exponentially increased the start-up’s need for more computing power.
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How Do You Measure A.I. Firms’ Gargantuan Energy Plans? In ‘Bragawatts.’
The New York Times – Business:One way for a company to stand out — or to intimidate the competition — is to boast, often without evidence, about how much power it has access to.
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Musk’s SpaceX Goals Shift Ahead of Its I.P.O.
The New York Times – Business:As SpaceX prepares to go public, Mr. Musk has proposed moonshots that differ from the company’s original aim of reaching Mars.
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Elon Musk’s SpaceX Files to Go Public, Setting Stage for Huge I.P.O.
The New York Times – Business:An initial public offering of Elon Musk’s rocket and satellite company would most likely be a generational wealth event and one of the largest offerings ever.
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Local Opposition Is Slowing A.I. Data Centers. Wall Street Has Noticed.
The New York Times – Business:Tech companies are running into resistance from neighbors and may not be able to build at the pace they promised investors.
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U.S. Tech Giants Flocked to the Persian Gulf. Now They Are Targets.
The New York Times – Business:Amazon, Google and others struck deals in the Persian Gulf to foot the bill for A.I. development. Iran has now threatened attacks against the companies’ infrastructure in the region.
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The Former Coal Miner in the Middle of the A.I. Data Center Boom
The New York Times – Business:Josh Payne, the chief executive of Nscale, raised $2 billion from investors. Sheryl Sandberg, the former Facebook executive, is joining his board.
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Ford Will Make a Play for a Different Battery Market
The New York Times – Business:The company, long focused on cars and trucks, plans to begin manufacturing large batteries used by utilities, data centers, other businesses and homeowners.
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Microsoft Continues to Spend Big on A.I. While Profit Jumps 60 Percent
The company said on Wednesday that revenue in the most recent quarter was $81.3 billion, but its share price dropped more than 5 percent in after-hours trading.