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The two major US Energy giants are targeting the "fat" of the AI era: powering Datacenters.
Executives from the two major Energy giants in the USA, Chevron and Exxon Mobil, stated on Wednesday that they are considering entering the Electrical Utilities Industry and discussing the use of Henry Hub Natural Gas and carbon capture technology to supply power to AI Datacenters in the Technology sector. Previously, USA oil companies typically only produced power for their own Business. However, amid the current surge in demand, they are attempting to enter a broader Electrical Utilities market.
Malaysia established the National AI Policy and Regulatory Office.
Malaysia established a National AI Office on Thursday, aiming to formulate policies and address regulatory issues, and hopes to position itself as a regional hub for AI development. Over the past year, this Southeast Asian country has received billions of dollars in investment from Global tech companies seeking to build essential infrastructure to meet the growing demand for their cloud and AI services. The country's Prime Minister Anwar Ibrahim said at the launch ceremony of the new office: "This is another historic moment in our digital transformation journey." According to the details published on its website, the office is expected to
November Inflation Surge Challenges Fed's Rate-Cut Plans
Jim Cramer Explains Why the Biggest Names in Tech Are Rallying
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
Insider Sale: Director at $AMZN (AMZN) Sells 4,351 Shares
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