Google Dips After Search Revenues Miss; Capex Guidance Awaited

Friday morning’s attacks by Israel on Lebanon killed so many people they ended up postponing the US-Iran peace deal signing in Geneva, and the US and Qatar scrambled to announce Israel had agreed to yet another “ceasefire” with Hezbollah. The problem underpinning this was that Israel had already agreed to multiple ceasefires, and there was […]

AI Price Wars Begin: OpenAI Considers "Drastic Price Cuts" In Pursuit Of Anthropic Customers Earlier today, in a report discussing how "AI bills are out of control", JPMorgan tech guru and TMT salesman, Mark Schilsky wrote that "most of my high level investor discussions focus on one major topic: when will the party end? Put another way, tech investors have made so much money in Semis so quickly that they are looking for potential warning signs that the music is about to stop. Predicting such an end is incredibly difficult. As...

Texas Electricity Demand Could Quadruple Due To Soaring Data Center Demand: ERCOT Peak demand in the Electric Reliability Council of Texas (ERCOT) territory could more than quadruple to 367,790 MW by 2032, driven primarily by data centers as well as other large load customers, the grid operator said in a preliminary forecast published Wednesday and noted by Utility Dive. Source: ERCOT ERCOT, which serves most of Texas, set its current peak demand record of 85,508 MW in August 2023.  The forecast is based on ERCOT’s economic forecasts as well as information provided by utilities working...