Wayve, a British autonomous driving start-up, has raised $1.2 billion, increasing its valuation to $8.6 billion, marking one of the largest capital raises for a UK AI startup.
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Today's news covered a mix of technology, crypto, geopolitical and macro developments.
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The White House is pressuring tech giants to cover the costs of their data centre boom, which is expected to increase electricity bills for households due to AI's energy demands.
Hyperscalers like Meta, Microsoft, and Apple are entering the power trading market to ensure electricity supply for their data centers, seeking long-term commitments and flexibility in contracting electricity from future power plants.
The energy industry is experiencing a boom driven by artificial intelligence, with 20% of energy companies already using AI and executives believing it's a force for good, leading to increased energy demand and supply reliability.
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