Wall Street gearing up for robust hiring in 2025 as dealmaking outlook improves
Investment banks are ramping up hiring efforts in anticipation of a strong year for mergers, acquisitions, and IPOs in 2025.
Groq Challenges Nvidia's CUDA Advantage with Novel AI Chip Approach
AI chip startup Groq is attracting developers with free inference services and a unique approach to chip programming, aiming to compete with Nvidia's CUDA software advantage.
Oracle Claims World's Largest AI Supercomputer, Challenging Industry Giants
Oracle announces a 65,000 GPU supercomputer, entering a competitive landscape where multiple tech giants claim to have the most powerful AI computing clusters.
Auto Industry Lobbies for EV Mandate Rollback Under Potential Trump Administration
Auto executives are seeking opportunities to ease state-mandated EV sales targets, citing slowing demand and unrealistic timelines.
Meta Seeks Nuclear Partners to Power AI Data Centers
Meta is targeting 1 to 4 gigawatts of new nuclear generation capacity to be delivered starting in the early 2030s for its AI and sustainability goals.
Citadel's Commodities Division Generates $4 Billion Profit Despite Industry Slump
Citadel's commodities business achieved about $4 billion in profits this year, primarily from natural gas trading, despite overall industry slowdown.
AI's Energy Demand Surge Prompts Tech Industry Push for Power Alternatives
The rapid growth of AI power consumption is driving tech leaders to seek new energy solutions, with a focus on nuclear power and other alternatives.
Texas Pacific Land Corp. Explores Energy Sector Diversification Amid AI Boom
Texas Pacific Land Corp. is leveraging its vast West Texas land holdings to capitalize on the growing energy demands of AI and data centers, driving a 200% increase in its stock value.
Europe Faces Renewed Energy Challenges as Gas Prices Surge
Escalating tensions in Ukraine and declining gas storage levels are contributing to a 45% surge in gas prices, potentially deepening Europe's cost-of-living crisis.