Artificial intelligence has grown into a massive industry, but its real price tag is often hidden behind shiny headlines. The hidden cost shows up in a way that many people can feel but not see: the constant hum of data centers. These facilities use huge amounts of electricity to keep servers
One of the biggest money stories this year has nothing to do with big-name tech giants. Two quiet founders of Kingston Technology, John Tu and David Sun, saw their net worth jump by nearly fifty billion dollars each in 2024. That puts them among the top thirty wealthiest people on Earth. Most people
South Korea's SK Hynix is set to list its shares on the Nasdaq in the U. S. as early as August. This follows a massive 230% increase in its stock price this year, pushing its market value past $1 trillion in May. The move aims to attract more global investors and diversify its shareholder base. Rath
California's latest budget update shows the state sitting on $16. 5 billion more than expected, thanks largely to the tech industry's AI gold rush. This extra cash means no immediate budget shortfalls, allowing the governor to keep funding favorite programs without cutting corners. While this might
The Trump administration has a new idea to tackle two big problems at once: high electricity prices and the growing need for power in the tech world. They want to make tech companies help pay for new power plants. This could help keep electricity prices from going up too much while also supporting t
Nvidia's success story is a mix of persistence, innovation, and a bit of luck. The company's GPU chips have become the backbone of the AI revolution, much like oil wells fueling an industrial boom. The employees, including CEO Jensen Huang, are deeply committed to the technology, seeing it as a once
Big tech companies are finding clever ways to avoid the full financial hit of the AI rush. Instead of building their own data centers, they're striking deals to rent computing power. This lets them test the waters before making huge, long-term investments. Microsoft, Meta, and Google are leading th
Oracle's stock has taken a nosedive, dropping 45% from its peak in September. This week alone, it lost 14% of its value after a disappointing earnings report. The company spent a whopping $12 billion on capital expenditures last quarter, way more than the $8. 25 billion analysts expected. To make ma
Alibaba's cloud business is growing fast. In the last quarter, it grew by 34%. This is a big deal because the company is investing heavily in AI. The company plans to spend at least 380 billion yuan on cloud computing and AI over the next three years. But not everything is going well. Alibaba's ove
The U. S. economy in 2025 is like a seesaw. On one side, artificial intelligence is booming. On the other side, everything else is struggling. AI developers and chipmakers are making huge profits. Investments are pouring in. Data centers are popping up everywhere. Utilities are working hard to meet
