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29.08.26 - 01:51
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Geothermal Power Is Emerging As An AI Energy Source For The Trump Administration (ZeroHedge)
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Geothermal Power Is Emerging As An AI Energy Source For The Trump Administration
A little-used corner of the clean-energy market is getting a potentially decisive trial in Utah. At a government-backed research site, engineers are testing whether equipment and expertise developed during America's shale boom can turn deeply buried heat into a dependable source of electricity, according to Bloomberg.
Conventional geothermal power works only where heat, permeable rock and underground water happen to occur together. The newer approach tries to manufacture those conditions. Wells are drilled several miles down, water is sent through cracks in hot rock and the heated fluid is brought back to the surface, where its energy can be converted into electricity.
Bloomberg writes that success would considerably enlarge the industry's geographic reach. Instead of being restricted to rare geological formations, geothermal projects could spread across parts of the western United States where sufficiently hot ...
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28.08.26 - 23:42
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BMO US President: See growth beyond AI plane (Bloomberg)
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BMO US President Aron Levine says they are seeing their clients work through many different scenarios when it comes to the integration of AI, but that there are signs of growth across many different sectors. He also gives his reaction to Fed Chair Kevin Warsh's speech at the Jackson Hole Symposium. He speaks to Romaine Bostick and Emily Graffeo on Bloomberg's 'The Close.' (Source: Bloomberg)...
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28.08.26 - 22:01
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Wall Street Warns "Pervert Glasses" Backlash Threatens AI-Wearables Boom (ZeroHedge)
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Wall Street Warns "Pervert Glasses" Backlash Threatens AI-Wearables Boom
Bernstein analysts are out with a note on how Meta Platforms and EssilorLuxottica's once-hot smart glasses business is running out of steam because of an emerging public backlash over privacy and surveillance, raising questions about whether the smart glasses industry as a whole is hitting a brick wall.
Luca Solca, Bernstein's senior equity analyst and global luxury-goods sector head, covers companies including EssilorLuxottica, LVMH, Hermès and Richemont. He said Ray-Ban Meta glasses were initially a "commercial success," but public opinion has since shifted against the glasses has drastically shifted, with folks online labeling them "pervert glasses" amid mounting privacy concerns.
EssilorLuxottica sold more than 7 million Meta AI glasses in 2025, compared with 2 million during 2023 and 2024 combined, Solca said. However, he warned that users are abandoning the glasses under social press...
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