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AI Hype Meets Hardware Crunch As US Power Equipment Market Eyes $65 Billion Boom

Wood McKenzie has released a report that US spending on power generation gear for data centers alone could hit $65 billion by 2030, more than triple the $20 billion logged last year. Data center capacity is forecast to reach 110 GW by the end of the decade, with Bloomberg also commenting that “total US spending on p…

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Apple Drops After Mixed Results: America, Europe Revenue Miss; Iphone Sales Disappoint, But China Surges Again

Ahead of today's AAPL earnings report, we've had a mixed picture from Mag 7 earnings so far: GOOGL soared to a record high, MSFT and AMZN both dropped (although they recovered much of their losses throughout the day) and META crashed, all on different reads of their capex. Which leaves AAPL to complete the picture o…

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Judge in OpenAI trial has had it with Musk’s ‘steal from a charity’ quip: ‘You’re not a lawyer’

OAKLAND, Calif. — The judge presiding over the bombshell trial over the future of OpenAI has apparently had it with Elon Musk’s favorite line over the last three days – “You just can’t steal from a charity” – at one point reminding Musk that he was “not a lawyer.”

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Stream It Or Skip It: ‘Widow’s Bay’ on Apple TV, a Funny-as-Hell Horror-Comedy Series About a Cursed Seaside Town

Even after one episode, Widow’s Bay (now streaming on Apple TV) looks like a hit. Created by first-time showrunner Katie Dippold (whose writing credits include Mad TV and Parks and Recreation, as well as comedy films like The Heat and Snatched) and ushered along by director and executive producer Hiro Murai (who did…

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Elon Musk spars with OpenAI attorney in trial over AI company's origins

Elon Musk, the Tesla CEO, world’s richest man and OpenAI’s cofounder, took the stand Tuesday in a high-stakes trial revolving around a bitter feud between himself and former friends Sam Altman and Greg Brockman that could reshape the future development of artificial intelligence. (AP Video by Terry Chea)

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Musk says he didn’t read ‘fine print’ on OpenAI for-profit plan

OAKLAND, California — Elon Musk wrangled with Sam Altman's lawyer on Thursday over the timing of his decision to sue OpenAI and whether he knew about discussions to turn it into a for-profit company, as he was cross-examined in a trial over his lawsuit that could determine the future of the ChatGPT maker.

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Caterpillar's Parabolic Rise Continues As AI Boom Supercharges Generator Sales

Hyperscalers are deploying as much as $725 billion in capital expenditures this year, primarily on AI data center buildouts, and it comes as no surprise that Caterpillar posted solid first-quarter earnings, as surging on-site power demand has created a boom for the company's power-generation business.

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