Electricity grids creak as AI demands soar
Data centre electricity demand is forecast to double in four years, putting energy grids under pressure.
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Children top up pocket money with extra work
Doing housework and developing side hustles is helping kids top up pocket money, a report claims.
Five questions for ex-Post Office boss Paula Vennells
The former Post Office boss is due to give evidence to the public inquiry into the Horizon IT scandal.
Truth Social parent Trump Media & Technology posts $327M loss on little revenue
Earlier this month, the company fired an auditor that federal regulators recently charged with “massive fraud.”
Microsoft's new AI hardware has Apple in its crosshairs
Microsoft smells blood in the water, and it seems to be exclusively gunning for Apple’s latest ultra-thin laptops and iPads with devices sporting all-day batteries and ARM-based processors that boast better performance with better energy efficiency. A new Surface Pro 2-in-1
Tesla employees feel like they're walking on eggshells amid sweeping layoffs
In an all-too-common theme of today’s world, Tesla employees are working under the immense fear they’re going to receive a dreaded “Dear Employee” layoff email from CEO Elon Musk. He has slashed the Austin, Texas-based automaker’s workforce by over 10 percent, but he still does
Tesla dashcam footage shows full self-driving nearly crashing into a train
The rollout of Tesla’s advanced driver assistance technology Full Self-Drive and Autopilot has been fraught with issues. There have been high-profile videos of it struggling with city traffic, deadly crashes with the tech engaged and now a new video has surfaced of a
FDIC chair says he's ready to resign once a successor is confirmed
Federal Deposit Insurance Corporation(FDIC) chairman Martin Gruenberg said on Monday that he is ready to resign once his successor is confirmed by the Senate. Read more...
10 places Airbrb says people want to go this summer
With Memorial Day upon us, the beginning of the summer travel season in the U.S. has officially begun. Read more...
FDIC chair Martin Gruenberg to resign after sex-harassment, misconduct at agency
Earlier in the day a top Democrat had called for the FDIC chair to be replaced after an external review found sweeping reports of employee mistreatment and sexual harassment.
Pedigree dog food recalled because it may contain metal pieces: FDA
The governmental agency noted that there have been no reports of injury or illness to any pets thus far.
Tesla is rolling out a full self-driving update that removes 'steering wheel nag'
In a new update to its full self-driving (FSD) mode, Tesla is reportedly removing what its drivers call “steering wheel nag.” Read more...
Why so many wacky food mashups have taken over store shelves, from Sour Patch Kids Oreos to Pepsi Maple Syrup
Surprising flavor combinations – like gravy-flavored Jones Soda or Van Leeuwen’s Kraft Macaroni and Cheese ice cream -- are showing up more frequently in grocery stores and restaurant chains.
EVs now consume more electricity than trains
The Energy Information Administration says that electric vehicles are now using more energy than trains in the United States. The tidbit was included in the agency’s analysis of its monthly report on American electricity usage. The electric vehicle news outlet Electrek noticed
Bitcoin is above $68k. Are we heading towards a new peak?
A month after its ‘ halving ’ and in the midst of Bitcoin Pizza Day this week, the leading cryptocurrency seems to be in the mood for celebration. Read more...
The Memo: Red flags
The Memo is taking a break next week. We’ll be back on June 3! Read more...
Microsoft debuts $1K Copilot+ PCs with AI features: ‘Compelling reason to upgrade’
Microsoft launched the laptops as its shares trade near record highs following a Wall Street rally driven by expectations that AI will fuel strong profit growth for the company and its Big Tech rivals.
The workday lunch is losing its appeal. Consumers are saving that cash for the weekend instead
Consumers may be holding off on spending money during their weekday lunch excursion, but that doesn’t mean they’re not splurging on the weekend. Read more...
Supreme Court Justice Samuel Alito sold Bud Light brewer’s stock during Dylan Mulvaney fiasco — and bought Coors
Financial disclosure forms released by federal judiciary show that Alito sold between $1,000 and $15,000 of AB InBev stock on Aug. 14 of last year.
JPMorgan Chase CEO Jamie Dimon, 68, hints he’ll retire sooner than expected
Dimon told analysts at JPMorgan Chase's annual investor day on Monday that "the timetable [for his retirement] isn't five years anymore."
A new genetic test can predict how well Ozempic will work for patients
Those considering whether to try medications like Ozempic for weight loss may soon be able to tell how effective the treatment will be for them. Researchers have found a genetic profile that is likely to lose the most weight after taking semaglutide — the active ingredient in
There was another Willy Wonka-esque event fail, this time with Bluey
This is a free country, or so I’m told. While that doesn’t mean you’re entitled to lifesaving healthcare without going bankrupt, it does mean that if you own a hot dog bar in Las Vegas, Nevada, you can host an unofficial meet-and-greet with world famous cartoon pup Bluey and
BMW sold thousands of cars in the U.S. made with Chinese forced labor, Senate report says
German auto giant BMW sold at least 8,000 MINI Cooper vehicles containing parts made by a banned Chinese supplier, according to a new report from the United States Senate. Read more...
Convicted insider trader Ivan Boesky, inspiration for Gordon Gekko character in ‘Wall Street,’ dead at 87
The son of a Detroit delicatessen owner, Boesky was once considered one of the richest and most influential risk-takers on Wall Street.
A crypto lender tied to FTX was ordered to repay users $2 billion
A $2 billion settlement has been reached between New York Attorney General Letitia James and failed crypto lender Genesis to repay their investors. The settlement is said to be the largest against a cryptocurrency company in New York’s history. It mandates restitution for
How Nvidia co-founder plans to turn Hudson Valley into a tech powerhouse greater than Silicon Valley
Curtis Priem, 64, donated more than $75 million so that RPI could obtain the computer, which was manufactured by IBM, the Wall Street Journal reported. RPI is said to be the first university to receive its own quantum computer.
Google's AI search is telling car drivers to consider changing their blinker fluid
Remember when you could just search for the information you needed on the internet and be reasonably certain the internet would provide you with a useful answer? Google , has a new idea: What if there was a way to spend billions of dollars on a system that provides users with
Janet Yellen says America won't back a billionaire tax
World leaders are floating the idea of levying a global tax on the world’s richest people — and America wants no part of it. Read more...
Exxon's entire board of directors slate is opposed by America's largest state pension fund
CalPers, the largest state pension fund in the United States, released a statement Monday that it will oppose the entire board of directors slate at its annual meeting next week as well as the re-nomination of the company’s CEO because of a climate change-related lawsuit Exxon
Target to slash prices on 5,000 frequently bought items to lure inflation-weary customers
Shoppers who flock to Target will end up paying less for products such as milk, meat, bread, soda, fresh fruit and vegetables, according to the firm.
