Tag Archives: Power

To say that Big Tech controls the internet might seem like an exaggeration. Increasingly, in at least one sense, it’s literally true. The internet can seem intangible, a post-physical environment where things like viral posts, virtual goods and metaverse concerts just sort of happen. But creating that illusion requires a truly gargantuan—and quickly-growing—web of physical connections. Fiber-optic cable, which carries 95% of the world’s international internet traffic, links up pretty… Source link

The vulnerability of Kazakhstan’s bitcoin mining industry was put on full display last week, when the country’s internet shut down in the midst of anti-government protests, sparked by rising energy prices. The world’s second largest miner saw its hash rate or computing power that secures bitcoin, fall by double digits, in a dramatic pullback from the 18.1% it’s estimated to contribute, according to Cambridge Center for Alternative Finance.  The disruption marked a big setback for a market… Source link

Bruce Arian says he’s pissed off. It makes for a good sound bite in the wake of two players lying to the Tampa Bay Buccaneers about their COVID-19 vaccination status. But wideout Antonio Brown and safety Mike Edwards are still on Arians’ roster today, which is a place neither would be if anyone in power actually wanted them gone. That has been the simplest of truths in the NFL when it comes to COVID or vaccination or even honesty in general. If someone is important enough in the overall… Source link

COPENHAGEN, Nov 30 (Reuters) – Danish offshore wind developer Orsted (ORSTED.CO) on Tuesday said it has secured a 12-year power purchase agreement with Google (GOOGL.O), which aims to power all its data centres and offices using solely carbon-free electricity by 2030. The U.S. tech giant will take 50 megawatt (MW) of output from Orsted’s planned 900 MW Borkum Riffgrund 3 wind farm in the German North Sea. While making it possible for big firms to source green power, such deals also provide a… Source link

Australia could be next to mandate a choice screen in a bid to break Google’s dominance of the search market. The Australian Competition and Consumer Commission (ACCC) is recommending it is given the power to “mandate, develop and implement a mandatory choice screen to improve competition and consumer choice in the supply of search engine services in Australia”. A new report by the country’s competition watchdog concludes that interventions are needed to boost competition in the… Source link

(Bloomberg) — Oil surged past $80 a barrel as the global power crunch rattled a market in which OPEC+ has only been restoring output at a modest pace. Most Read from Bloomberg West Texas Intermediate futures climbed around 2% in Asian trading after topping the psychological price threshold on Friday for the first time since November 2014. The prices of fuels such as coal and natural gas are soaring in Europe and Asia as stockpiles run low ahead of the Northern Hemisphere winter, prompting a… Source link

The Google sign is shown on one of the company’s office buildings in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake/File Photo SYDNEY, Sept 28 (Reuters) – Australia’s antitrust regulator said on Tuesday it needed more powers to combat significant competition concerns in advertising technology, a market dominated by Alphabet Inc (GOOGL.O) unit Google. read more The stance could set up another clash between policymakers and the U.S. search engine leader after the same… Source link

(Bloomberg) — China may be diving head first into a power supply shock that could hit Asia’s largest economy hard just as the Evergrande crisis sends shockwaves through its financial system. Most Read from Bloomberg The crackdown on power consumption is being driven by rising demand for electricity and surging coal and gas prices as well as strict targets from Beijing to cut emissions. It’s coming first to the country’s mammoth manufacturing industries: from aluminum smelters to… Source link

Cathie Wood tells Yahoo Finance Live that just like baby boomers have heavily influenced the stock market for decades, their children — aka millennials — will be equally if not more important to the investing landscape in the decades to come. And that is one reason why the closely followed Ark Invest founder and CEO is staying long-term bullish on stocks.  “This is the echo of the baby boom,” said Wood on the rise of millennial investors, notably in 2021. Wood referenced research that… Source link

By this point in the COVID-19 pandemic, Best Buy was supposed to be headed back to the days of Best Buy of old — reasonable levels of sales and earnings growth as people bought tech gear only when really needed or around a cool product launch.  But that hasn’t happened, actually quite the contrary.  With work life likely changed forever because of the pandemic — at the very least well into 2022 judging by pushed out return-to-office dates from the likes of Apple and others — Best Buy… Source link