President Donald Trump started his second term with his sights set on Greenland. When Trump first proposed buying the Arctic nation during his first administration, it was treated like a joke. But in a subsequent phone call with Denmark’s prime minister, who controls the autonomous territory’s foreign policy, the president doubled down on his efforts to seize power. In the “aggressive and…
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Ventures launched by the Trump family since Donald Trump’s reelection have generated at least $4 billion in proceeds and paper wealth for the Trump family. With investments across sectors like real estate, hospitality, media, cryptocurrency and more, the Trumps are “increasingly integrating their business empire” into the wider U.S. economy, says David Uberti, who has been reporting on the family’…
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“The demand for power and for AI is like nothing I’ve ever seen.” These words were uttered during an October earnings call, not by a wide-eyed tech executive, but by Jeff Miller, the CEO of Halliburton, one of the world’s biggest oilfield services corporations. Like droves of other companies tied to the fracked gas industry, Halliburton is pivoting toward servicing the data center boom…
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Billionaire tech moguls talk as if the artificial intelligence revolution is inevitable, and it’s up to the rest of us to adapt. Earlier this year in a blog post, OpenAI CEO Sam Altman boasted that society is now “past the event horizon; the takeoff has started” toward building computer “superintelligence.” However, the industry is not just facing blowback from skeptics of the technology itself.
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While media executives orchestrate mega-merger deals this winter, media workers are facing a maelstrom of job cuts and anti-union hostility, with old patterns of inequity surfacing in a wave of corporate consolidation and technological disruption. Those two faces of corporate media were in the spotlight earlier this month, when red-clad members of the New York NewsGuild stood passing out…
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The Department of Interior abruptly paused the leases for five of the nation’s largest proposed off-shore wind projects on Monday. That effectively halts all ongoing off-shore wind development in the United States. The moves come as electricity demand in the U.S. is growing for the first time in years, driven in large part by the data centers needed to fuel the artificial intelligence boom.
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