The US AI data center boom is consuming capital, power, and people that the rest of the economy needs, and is crowding out Trump's manufacturing revival plans
Spending on factory construction is down 2.5% so far this year, while that for data centers is up almost 18%.
Sources: starting on December 13, Biden's team plans to meet companies, labor advocates, and experts to talk global data flows to avoid internet “balkanization”
- White House undertaking review after US change in trade policy — Contentious debate underway as business groups apply pressure Mastodon: @carnage4life@mas.to . X: @sdonnan Masto...
Tech companies increasingly hire in South and Central America because remote workers there often accept lower pay than in the US but have the same time zones
Pandemic-era labor shortages made it hard for Austin-based Fetch Package Inc. to fill positions in the US. Tweets: @bouazizalex and @sdonnan . Thanks: @colegarry2 Tweets: Alex Boua...
Sources: Germany is in talks to limit the export of chemicals used to make advanced chips to China, seeking to join US and EU allies in closing ranks on China
Germany is in talks to limit the export of chemicals to China that are used to manufacture semiconductors as Berlin steps up efforts …
A look at the impact of 34 US bitcoin mines and their extreme demand for energy, as the cost of electricity for locals increases in Texas and other areas
Bitcoin mines cash in on electricity — by devouring it, selling it, even turning it off — and they cause immense pollution.
Sources: China is pausing massive investments and costly subsidies for its chip industry amid a COVID-19 wave, seeking alternatives to help homegrown chipmakers
China is pausing massive investments aimed at building a chip industry to compete with the US, as a nationwide Covid resurgence strains …
After suspending withdrawals on Friday, Babel Finance says it has reached “preliminary agreements” on repayments of “some debts”, helping ease its liquidity
- Babel Finance says it has reached “preliminary agreements” with major counterparties “on the repayment period of some debts.”
Bitcoin fell to under $18K on Saturday, below its $19,511 high during its 2017 bull cycle, as ether dropped below $1K; both are down 70%+ since November 2021
what this means Robert Reich / The Guardian : The Crypto Crash: all Ponzi schemes topple eventually Hudson Lockett / Financial Times : Celsius warns it will ‘take time’ to stabilis...
DeFi lending platform Celsius pauses “all withdrawals, Swap, and transfers between accounts”, citing extreme market conditions
We are writing with a very important message for our community. — Due to extreme market conditions, today we are announcing that Celsius is pausing …
Major cryptocurrencies are crashing: bitcoin drops by 17%+ to ~$23K, ether drops by 20%+ to ~$1.2K, and Solana drops 18%+ to ~$28
Bitcoin plunged to the lowest in about 18 months in Asia trading Monday as the impact of Friday's shock US inflation data continued to reverberate through global risk assets.
An in-depth look at the ongoing patent battle over warehouse automation between Norwegian robotics company AutoStore and UK supermarket giant Ocado
John Gapper / Financial Times : Tweets: @sdonnan , @johngapper , @mattvella , @alecurussell , @craigjcalhoun , @arashmassoudi , and @financialtimes Tweets: Shawn Donnan / @sdonnan...
An in-depth look at the ongoing patent battle over warehouse automation between Norwegian robotics company AutoStore and UK supermarket giant Ocado
In the village of Nedre Vats, on the edge of a 700m-deep fjord in the west of Norway, there is a white wooden house with a small red barn. Tweets: @johngapper , @craigjcalhoun , @m...
A look at ID.me, which will soon be used to verify IRS.gov logins and claims to have uncovered a $400B theft of US pandemic unemployment payments
If you were writing a techno-thriller, you'd give your hero a backstory like Blake Hall's. He's a Harvard MBA, an alumnus …
This summer the IRS will require users to log in via ID.me, which uses facial recognition in its authentication process, to file taxes, make payments, and more
whose product does not work reliably—has embedded itself in government functions across the country https://twitter.com/... David Greene / @davidgreene : Oh FFS, please just audit ...
Sources: the Biden administration has informed some Huawei suppliers it is imposing more explicit prohibitions on the export of 5G components to the company
Eric Martin / Bloomberg :
FCC designates five Chinese tech firms, Huawei, ZTE, Hytera, Hangzhou, and Dahua, as a threat to US security; Huawei challenged its prior FCC designation in Feb
WASHINGTON (Reuters) - The Federal Communications Commission (FCC) on Friday designated five Chinese companies as posing a threat …
Sources: the Biden administration has informed some Huawei suppliers it is imposing more explicit prohibitions on the export of 5G components to the company
- Conditions for licensed exporters went into effect this week — Move builds on Huawei prohibitions implemented under Trump
ByteDance asserts it will maintain majority ownership and control over TikTok Global and will not transfer source code or technology to Oracle and Walmart
Chinese company contradicts assertions of Donald Trump, Oracle and Walmart — ByteDance said on Monday that it would maintain majority ownership …
Trump says he has approved Oracle's bid for the US operations of TikTok “in concept”
Commerce Department announces that it will ban US downloads of and business transactions with TikTok and WeChat on Sunday
- The Commerce Department announced it will ban U.S. business transactions with China-owned social apps WeChat and TikTok on Sunday.