Tech analyst James Altucher draws a parallel between the 1865 coal consumption surge and AI's increasing power needs, despite efficiency gains. He highlights Elon Musk's unique strategy of vertical integration, including plans to build AI data centers in space powered by solar energy, as revealed in a SpaceX FCC filing. This approach aims to meet the soaring demand for AI computing power, which continues to grow as AI becomes cheaper and more widespread. Altucher also points to a key small company supplying critical networking chips essential for Musk's AI infrastructure, suggesting significant growth potential in this sector.
The story on AI's growing power demands provides context for the Technology sector's market snapshot on Pluang as of Oct 19, 2026 03:51 WIB. Out of 150 priced US Technology stocks, only 11 rose while 139 fell. Notable movers include NBIS at USD 165.47 with a -12.18% change, APLD at USD 18.05 down 11.48%, and IREN at USD 26.99 down 11.19%, with typical hold times around 25 to 29 days.
Disc Medicine announced a webcast on October 19, 2026, to discuss topline results from its APOLLO Phase 3 trial of bitopertin, an investigational oral drug for erythropoietic protoporphyria (EPP). Bitopertin targets glycine transporter 1 to modulate ...
BitTorrent has completed its inaugural burn of BTT tokens, using 100% of decentralized service revenue to repurchase and permanently remove over 21.6 trillion tokens from circulation. This marks a key step in BitTorrent's long-term strategy to create...
Monero (XMR) price approached a key resistance level at $558 after trading near $555, with a daily close above this barrier potentially pushing the price toward $575. Trading volumes surged significantly, with spot volume up 171% to $13.13 million an...
Ondo has expanded its tokenized assets on the Solana network, surpassing $500 million in tokenized assets and $1 billion in total value locked on its Ondo Stocks platform. However, the ONDO governance token does not grant holders shareholder rights o...
The ONDO token, a governance token for Ondo DAO and Flux Finance, faces scrutiny over what rights and economic benefits it offers holders. While Ondo's tokenized assets on Solana surpassed $500 million and the Ondo Stocks platform exceeded $1 billion...
