4 d. ago Desmarais Family’s Power Looks for More Deals as Cash Piles Up

Shares of Power Corp. of Canada surged to a record after the company posted strong earnings and said it’s on the hunt for more acquisitions.

Other

2 w. ago OpenAI and Amazon sign $38 billion deal for AI computing power

SEATTLE (AP) — OpenAI and Amazon have signed a $38 billion deal that enables the ChatGPT maker to run its artificial intelligence systems on Amazon’s data centers in the U.S. OpenAI will be able to power its AI tools using “hundreds of thousands” of Nvidia’s specialized AI chips through Amazon Web Services as part of […]

Politics

2 w. ago Buffett’s Berkshire Cash Hits Record $382 Billion, Earnings Soar

Berkshire Hathaway Inc.’s cash pile soared to $381.7 billion in the third quarter, a fresh record, and operating earnings surged 34% at Chief Executive Officer Warren Buffett’s conglomerate.

Economics

2 w. ago NextEra Plans for More Power in Iowa After Google Nuclear Deal

One day after NextEra Energy Inc. revealed it would reopen a nuclear plant in Iowa to feed Google data centers, the energy developer said it’s now planning for more power generation in the area for the AI boom.

Technology

3 w. ago Power Developer One Nuclear to Go Public in US Via SPAC Deal

One Nuclear Energy LLC has agreed to go public through a merger with a blank-check company in a deal that valued the developer of nuclear and natural gas power plants at about $1 billion on an equity basis.

Sport

4 w. ago Spain’s Clean Power Deal Boom Dented by Cheap Energy, Study Says

Spain’s lower electricity prices are denting the country’s clean-energy deals boom with a sharp decline in valuations, global advisory firm Alvarez & Marsal said.

Other