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LATEST

HSBC sells Singapore insurance business to Germany's Allianz in US$2.09 billion deal●Croatia's Podravka holds first-half profit at €41.1mn as pharma unit leads growth●Microsoft launches new in-house AI models it says cut costs up to 89% versus OpenAI●Cathie Wood buys $8.7 million of beaten-down AI stock●CLO Price Swings Dictated by Tokyo, Wharton-Led Study Shows●UK complacent about war threat, warns defence boss●AI boom raises stakes ahead of South Korea court ruling on SK chairman divorce payout●Morgan Stanley sends strong verdict on memory stocks●HSBC sells Singapore insurance business to Germany's Allianz in US$2.09 billion deal●Croatia's Podravka holds first-half profit at €41.1mn as pharma unit leads growth●Microsoft launches new in-house AI models it says cut costs up to 89% versus OpenAI●Cathie Wood buys $8.7 million of beaten-down AI stock●CLO Price Swings Dictated by Tokyo, Wharton-Led Study Shows●UK complacent about war threat, warns defence boss●AI boom raises stakes ahead of South Korea court ruling on SK chairman divorce payout●Morgan Stanley sends strong verdict on memory stocks●

Commodities

Trump Administration Eyes Offshore Nuclear to Power AI Boom

Oilprice.com · 54m ago · 🇺🇸 United States

Trump Administration Eyes Offshore Nuclear to Power AI Boom

The Trump administration is studying the deployment of offshore nuclear power generation, with the Marine Minerals Administration and the Nuclear Regulatory Commission agreeing this week to coordinate on any future developments. The announcement comes amid surging electricity demand driven by Big Tech. “Submerged reactor systems have been safely deployed in naval applications for decades, demonstrating their potential as a reliable source of energy in demanding marine environments. While no commercial deployment on the Outer Continental Shelf…

Read the full story at Oilprice.com →

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