Constellation Energy plans to invest $1.6B to revive the Three Mile Island nuclear plant in Pennsylvania and sell all the output to Microsoft data centers — Constellation to invest $1.6 billion to restart dormant reactor as data-center power demand surges.
Sources: Thrive Capital has already provided $1B+ to OpenAI as part of the $6.5B round; OpenAI's existing backers a16z and Sequoia Capital are not participating — Venture groups believe ChatGPT-maker will eventually be the world's dominant AI company and worth trillions of dollars
Indian edtech startup Physics Wallah raises a $210M Series B led by hedge fund Hornbill Capital at a $2.8B valuation, up from $1.1B valuation in June 2022 — An Indian edtech startup has secured $210 million in fresh financing amid a tough funding environment for edtech companies …
Putin's administration resumed posting to YouTube in the past two weeks for the first time in six months, even as the Kremlin throttles YouTube access in Russia — President Vladimir Putin's administration resumed posting videos on the channel in the past two weeks for the first time in six months.
Layoffs.fyi: tech companies have laid off ~137,000 people since January 2024; Indeed.com: software development job postings are down 30%+ since February 2020 — Employment for software engineers has cooled as resources shift toward developing artificial intelligence
US prosecutors say Caroline Ellison provided “extraordinary cooperation” in the Sam Bankman-Fried case, signaling that she should receive a lenient sentence — Ms. Ellison, Sam Bankman-Fried's former girlfriend and a top executive in his empire, is set to be sentenced on Sept. 24 …
A look at the “Shein village” supply chain in Panyu, China, as Temu apes its tactics; sources say Beijing is unhappy with Shein's move to “de-Chinafy” itself — Thousands of factories depend on the retailer but rivals are putting pressure on a model based on speed and thin margins
How Netflix staged a remarkable recovery since its 2022 stock crash, adding 45M+ subscribers via a password crackdown and gaining an edge over Hollywood rivals — The company has staged a remarkable recovery since the ‘great correction’ of 2022 and now has the edge over Hollywood rivals
OpenAI confirms fixing an issue “where it appeared as though ChatGPT was starting new conversations”, after users reported ChatGPT reaching out proactively — “Did you just message me first?” — Over the weekend, a redditor going by the name of SentuBill posted a peculiar screenshot …
A look at France's LOPMI law, enacted in January 2023 to criminalize tech executives whose platforms allow illegal activities, as Pavel Durov remains on bail — When French prosecutors took aim at Telegram boss Pavel Durov, they had a trump card to wield - a tough new law with no international equivalent …
Elon Musk deleted an X post that said “no one is even trying to assassinate Biden/Kamala” after an apparent Trump assassination attempt, calling the post a joke — - The FBI is probing what it says appears to be a second assassination attempt on former President Donald Trump.
Sources: in 2022, Intel lost out to AMD and TSMC on a contract to design and fabricate Sony's PS6 chip, a significant blow to its contract manufacturing unit — Intel (INTC.O) lost out on a contract to design and fabricate Sony's PlayStation 6 chip in 2022, which dealt a significant blow …
Apple increases the cost of out-of-warranty battery replacement for iPhone 16 Pro models by 20% to $119; the fee remains $99 for the iPhone 16 and 16 Plus — Apple has increased its out-of-warranty battery replacement fee for iPhone 16 Pro models, according to its iPhone repair and service page.
Analysis: new iPhone first weekend pre-orders were down 12.7% to ~37M units; the iPhone 16 Pro declined 27% and iPhone 16 Pro Max 16% compared to the iPhone 15 — Based on my latest supply chain survey and pre-order results from Apple's official websites, I've compiled key data on iPhone 16's …
Research based on the US Census Bureau's data from 2008 to 2021 suggests online dating may be partially to blame for a rise in income inequality in recent times — - With apps, people increasingly marry someone like themselves — It helps explain the increase in income inequality since 1980
Ingrid Lunden / TechCrunch : London-based Tessl, which is building an AI to write and maintain code, raised $125M across seed and Series ...
