Data centers expected to use 4x more electricity by 2035
Data centers are expected to use one-fifth of the electricity generated in the U.S. by 2035, four times that of today, according to a new report from BloombergNEF. A surge…
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Apple teams up with Klarna to launch a lease-to-own program for iPhones, iPads, and Macs
Apple is reportedly teaming up with deferred payment processor Klarna to launch a new lease-to-own program for its devices. Bloomberg reported Tuesday that the program — dubbed Apple Upgrade —…
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Einride bets $38M on EV charging as it scales electric trucking
Swedish electric and autonomous trucking company Einride has agreed to acquire EV charging startup Flipturn in an all-stock deal worth $38 million. The acquisition — Einride’s first as a publicly…
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Bucking EV slowdown, Sila raises $300M to expand battery materials factory
Battery materials startup Sila announced Tuesday that it raised $300 million to expand its factory in Washington state to produce enough anode material for more than 100,000 EVs. Sila’s expansion…
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AI and the rise of the universal entertainment app
All the big entertainment apps are starting to look the same, and that’s not an accident. For a decade, platforms fought over who would dominate a single format: music, video,…
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Hong Kong insurers shrug off crackdown fears: CGS International
CGS International says legal mainland Chinese purchases are not being targeted. Hong Kong insurance companies are expected to maintain solid growth despite recent investor fears over tighter cross-border financial regulations,…
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Jack Dorsey is taking on Slack with Buzz, a group chat platform for teams and their AI agents
Twitter and Block co-founder Jack Dorsey announced a new app on Tuesday called Buzz. Positioned as a challenger to Slack and GitHub, Buzz is a group chat platform for the…
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OpenAI says Hugging Face was breached by its pre-release models
OpenAI admitted Tuesday that one of its AI models breached the systems of Hugging Face, the unaffiliated AI hosting platform, during an internal cybersecurity test that went awry. The models…
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How can insurers keep up with the clean energy boom?
About $165b in clean energy assets face rising climate exposure. Parametric insurance, or insurance that pays out based on weather conditions, is gaining traction in Southeast Asia’s renewable energy sector…
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Meta is testing an AI bedtime story app for people with no imagination
Meta is working on an AI storytelling app called StoryKit, which creates AI-generated children’s stories with custom characters, settings, lessons, and music. As the App Store listing assures parents, “You…
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