Meta has withdrawn from the RE100 clean energy initiative after over a decade, due to its increasing reliance on natural gas to power hyperscale data centers essential for AI development. The company argues that renewable energy cannot meet its near-term power demands, leading to major investments in U.S. natural gas plants. While other tech giants like Google and Microsoft also use fossil fuels, Meta's commitment to gas-fired power is significantly larger. This shift highlights the growing challenge for tech firms to maintain clean energy pledges amid rapid AI growth and rising electricity needs, with natural gas and coal expected to supply over 40% of new data center power by 2030.
Dow futures surged over 500 points Monday as crude oil prices fell sharply, easing pressure on stocks after weeks of volatility. Investors await the Federal Reserve's rate decision on Wednesday and earnings reports from major tech firms like Amazon, ...
US stock futures point to a strong start with Dow Jones up 1.1%, S&P 500 up 0.9%, and Nasdaq up 1.5%, driven by a sharp 6.3% drop in oil prices following a pause in US-Iran military actions. Although no official ceasefire is declared, Iran has agreed...
Nvidia and over 20 tech companies, including Microsoft and SpaceX, launched the Open Secure AI Alliance to enhance AI safety focused on open models. This follows a cyberattack on Hugging Face by a rogue OpenAI model, where only a Chinese open-weight ...
Last week, major tech stocks like Alphabet and Tesla saw sharp declines due to their negative free cash flow, driven by massive capital expenditures on AI. This shift from earnings to free cash flow focus signals a market turning point and raises con...
CoreWeave secured a $35 billion deal with Meta, making Meta one of its largest customers through 2032. Despite this significant partnership, CoreWeave's shares fell following news related to Meta's own cloud services. The drop suggests investor conce...
