Sectors
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OpenAI Pledges to Cover Energy Costs Amid Trump’s Warning
Following former President Trump’s calls for AI companies to cover their own energy costs, OpenAI has stepped up. The company announced it will fund its massive AI infrastructure expansion without relying on local communities. The centerpiece of this effort is Stargate, a $500 billion AI buildout backed by SoftBank, Oracle, MGX, and tech partners including
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Big Nickel Deal Aims to Strengthen U.S. Battery Supply
Brazilian Nickel Limited (BRN), still private but making moves in Brazil’s nickel and cobalt space, just announced a non-binding supply agreement with Westwin Elements. The deal would see BRN supplying up to 10,000 tonnes per year of nickel MHP and 240–400 tonnes of cobalt MHP from its Piauí Nickel Project. The feedstock comes from BRN’s
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Microsoft CEO: AI Must Help People, Not Just Tech Companies
Microsoft CEO Satya Nadella spoke at the 2026 World Economic Forum about the need for AI to benefit society, not just tech companies. He warned that without tangible improvements for people, communities, and industries, AI risks losing what he called “social permission.” Discussion With BlackRock CEO Nadella discussed AI diffusion with BlackRock CEO Laurence Fink.
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Elon Musk’s Massive AI Power Claim Is Being Questioned
Elon Musk said this week that xAI’s Colossus 2 data center has reached a one gigawatt scale. Satellite imagery suggests that is not the case yet. Researchers at Epoch AI reviewed recent images of the site and say the system is still far from operating at that level. Cooling Capacity Tells a Different Story Colossus
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Massachusetts Court Slams Kalshi, Halts Sports Betting Immediately
A Massachusetts court has told Kalshi to stop all sports betting markets immediately. This is the first time a U.S. court has blocked a prediction market platform like this. The decision creates uncertainty for other digital gambling sites. Court Decision The temporary injunction came after a lawsuit claimed Kalshi’s sports markets are basically the same
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JNJ Earnings Hit Growth, But Patent Losses Threaten Future Sales
Johnson & Johnson (NYSE: JNJ) shares fell about 1 percent in early Wednesday trading as investors digested the company’s latest earnings report. Management highlighted confidence in the business, with CEO Joaquin Duato calling the company’s lineup the strongest it has ever had. The market response suggested lingering doubts. Concerns remain around patent losses, litigation exposure,
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Big Money and Big Risk as Nvidia’s CEO Visits China
Jensen Huang, the chief executive of Nvidia (NASDAQ: NVDA), is expected to travel to China in late January. The timing lines up with Lunar New Year, a period he has visited before. This year is different, though, because Nvidia is trying to reopen parts of the Chinese market for its AI chips. Details of the
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Geopolitics, Energy, and AI Set to Shake Metals Markets in 2026
2026 looks complicated for metals and mining. Geopolitics, energy changes, and cautious investment will shape the year. That is the view from Wood Mackenzie. Peter Schmitz, who leads global copper research, said the shift from molecules to electrons keeps metals in demand. But politics and careful spending will set the pace. China and U.S. Two
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Dominion Energy Can Resume $11 Billion Virginia Wind Project After Court Win
Dominion Energy Inc. (NYSE: D) can restart construction on its offshore wind project in Virginia while continuing its legal fight against a federal stop-work order. A federal judge in Norfolk, Virginia, issued a preliminary injunction that blocks the government from enforcing the order. Judge Rules in Favor of Dominion United States District Judge Jamar Walker
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South Korea Considers Major Shift in Crypto Hack Liability
South Korea is debating whether crypto exchanges should be on the hook when users lose money in hacks. A proposal from lawmaker Park Seong-hoon would move financial responsibility away from users and onto the exchanges themselves. What the Change Actually Does Right now, users usually have to prove an exchange failed to protect their assets.
