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NEW ORLEANS (AP) — The largest artificial intelligence data center ever built by Facebook’s parent company Meta is coming to northeast Louisiana, the company said Wednesday, bringing hopes that the $10 billion facility will transform an economically neglected corner of the state. Republican Gov. Jeff Landry called it “game-changing” for his state's expanding tech sector, yet some environmental groups have raised concerns over the amount of energy it would use — and whether it could lead to higher energy bills in the future. Meanwhile, Elon Musk's AI startup, xAI, is expanding its existing supercomputer project in Memphis, Tennessee, the city's chamber of commerce said Wednesday. The chamber also said that Nvidia, Dell, and Supermicro Computer will be “establishing operations in Memphis,” without offering further details. Louisiana is among a growing number of states seeking to lure big tech firms in need of energy-intensive data centers with tax credits and other incentives. The U.S. Commerce Department found that there aren’t enough data centers in the U.S. to meet the rising AI-fueled demand, which is projected to grow by 9% each year through 2030, citing industry reports. Meta anticipates its Louisiana data center will create 500 operational jobs and 5,000 temporary construction jobs, said Kevin Janda, director of data center strategy. At 4 million square feet (370,000 square meters), it will be the company's largest AI data center to date, he added. “We want to make sure we are having a positive impact on the local level,” Janda said. Congressional leaders and local representatives from across the political spectrum heralded the Meta facility as a boon for Richland parish, a rural part of Louisiana with a population of 20,000 historically reliant on agriculture. About one in four residents are considered to live in poverty and the parish has an employment rate below 50%, according to the U.S. census data. Meta plans to invest $200 million into road and water infrastructure improvements for the parish to offset its water usage. The facility is expected to be completed in 2030. Entergy, one of the nation's largest utilities providers, is fast-tracking plans to build three natural gas power plants in Louisiana capable of generating 2,262 megawatts for Meta's data center over a 15 year period — nearly one-tenth of Entergy's existing energy capacity across four states. The Louisiana Public Service Commission is weighing Entergy's proposal as some environmental groups have opposed locking the state into more fossil fuel-based energy infrastructure. Meta said it plans to help bring 1,500 megawatts of renewable energy onto the grid in the future. Louisiana residents may ultimately end up with rate increases to pay off the cost of operating these natural gas power plants when Meta's contract with Entergy expires, said Jessica Hendricks, state policy director for the Alliance for Affordable Energy, a Louisiana-based nonprofit advocating for energy consumers. “There’s no reason why residential customers in Louisiana need to pay for a power plant for energy that they’re not going to use," Hendricks said. "And we want to make sure that there’s safeguards in place.” Public service commissioner Foster Campbell, who represents northeast Louisiana, said he does not believe the data center will increase rates for Louisianians and views it as vital for his region. “It’s going in one of the most needed places in Louisiana and maybe one of the most needed places in the United States of America,” Foster said. “I’m for it 100%.” Environmental groups have also warned of the pollution generated from Musk's AI data center in Memphis. The Southern Environmental Law Center, among others, says the supercomputer could strain the power grid, prompting attention from the Environmental Protection Agency. Eighteen gas turbines currently running at xAI’s south Memphis facility are significant sources of ground-level ozone, better known as smog, the group said. Patrick Anderson, an attorney at the law center, said xAI has operated with “a stunning lack of transparency” in developing its South Memphis facility, which is located near predominantly Black neighborhoods that have long dealt with pollution and health risks from factories and other industrial sites. “Memphians deserve to know how xAI will affect them,” he said, “and should have a seat at the table when these decisions are being made.” Sainz reported from Memphis, Tennessee. Associated Press writer Matt O’Brien in Providence, Rhode Island, contributed to this report. Brook is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow Brook on the social platform X: @jack_brook96CLASS ACTION NOTICE: Berger Montague Advises Evolv Technologies (NASDAQ: EVLV) Investors to Inquire About a Securities Fraud Class Action
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Silchar: A massive fire broke out on Hospital Road in Silchar on Wednesday afternoon, destroying two shops, several houses, and a political party's office. The blaze sparked widespread panic, prompting SP Cachar Numal Mahatta and a large police contingent to rush to the scene. Eight fire tenders eventually brought the fire under control. A shop selling scientific medical equipment, a hardware store, a CPI(M) party office and a house, located behind the party office, was completely gutted before the fire tenders could reach. Initially, only one fire engine had reached the spot on time, but could do very little as the situation had taken a turn for the worse. Locals reported that the fire may have been caused by a short circuit, while the SP attributed it to a gas cylinder explosion. However, what caught the eye of the locals were leakages in the pipes of the fire tenders, leading to a chaotic scenario. An eyewitness said a short circuit had led to a spark in one of the shops and within a few minutes smoke had started to come out. Local shopkeepers brought the situation under control by shutting off the electrical lines, he said. “At about 1:30 pm, we saw smoke coming out once again and called the fire brigade and emergency services. However, the sight of leaking pipes is extremely disappointing. We still have old vehicles for services, when modern facilities should utilised.” Assam Rifles and ONGC too were pressed into action. We also published the following articles recently Massive fire razes several establishments in Silchars Hospital Road A devastating fire engulfed two shops, homes, and a political office on Hospital Road in Silchar Wednesday. Eight fire tenders battled the blaze, which locals suspect started from a short circuit, while authorities pointed to a gas cylinder explosion. Leaking fire truck pipes hampered efforts, raising concerns about outdated equipment. Fire breaks out in shop, one injured A fire ignited by a generator spark engulfed a quilt and mattress shop in Unnao's Ganga Ghat Kotwali area on Sunday, spreading to neighboring businesses. One person sustained burns. Police swiftly managed traffic while firefighters extinguished the blaze. The incident underscores fire safety concerns in commercial areas. Massive fire engulfs shops in Ranchi's commercial hub A fire erupted Wednesday morning in a Ranchi battery shop on Lalji Hirji road, near Sarjana Chowk, quickly spreading to neighboring businesses. Firefighters battled the blaze, fueled by potentially explosive lithium batteries, for three hours. Six fire tenders from three stations responded to the scene around 10:30 am. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The euro faltered on Monday against a strong U.S. dollar on growing concerns about a possible government collapse in France, which would stall plans to curb a burgeoning budget deficit. The greenback, meanwhile, extended gains after strong U.S. manufacturing data from both the Institute for Supply Management and S&P Global reports. However, despite the generally upbeat data, Federal Reserve Governor Christopher Waller said on Monday he was inclined to cut the benchmark interest rate at the Dec. 17-18 meeting as monetary policy remained restrictive. Monday’s rise in the dollar against a basket of currencies followed the U.S. unit’s first weekly fall posted on Friday since November 2023. In Europe, the risk premium investors demand to hold French debt rather than benchmark German bonds jumped after France’s far-right National Rally (RN) President Jordan Bardella said his party would likely back a no-confidence motion in the coming days unless there were a “last-minute miracle”. Leading RN lawmaker Marine Le Pen has given Prime Minister Michel Barnier until Monday to meet her party’s budget demands. The euro fell 1% to $1.0469, on track for its largest daily fall since early November. “Crashing political sentiment in France and another activity data beat in the U.S. have handed the euro a dire start to December,” wrote Kyle Chapman, FX market analyst at Ballinger Group, in emailed comments. Ballinger provides currency risk management and trading services. “As expected, the interim government now faces a vote of no confidence that it is likely to lose, and with a new election not allowed until the summer, there is no clear path to reducing the deficit in the near term.” The yield spread between French and German 10-year government bonds – a gauge of the premium investors demand to hold French debt – rose 7.6 basis points to 87.3 bps after hitting 90 bps last week, its highest level since 2012, during the euro area’s sovereign debt crisis. POSITIVE US DATA; WALLER BACKS FED CUT IN DECEMBER Monday’s data once again showed a resilient American economy, with U.S. manufacturing activity improving in November, orders growing for the first time in eight months, and factories facing significantly lower prices for inputs. The Institute for Supply Management’s manufacturing PMI increased to 48.4 last month from 46.5 in October, which was the lowest level since July 2023. The S&P Global final manufacturing PMI also rose to 49.7, from the initial 48.8 estimate. “With a solid economic situation in the United States, it makes sense of the U.S. dollar to be thriving as the economies on the other side of the pond face more headwinds,” said Juan Perez, director of trading at Monex USA in Washington. “(Positive data) only makes for higher Treasury yields and even lower expectations of the Fed exercising looser monetary policy.” Fed’s Waller, however, noted on Monday that monetary policy remains restrictive enough that a further cut later this month at their meeting “will not dramatically change the stance of monetary policy and allow ample scope to later slow the pace of rate cuts, if needed.” Following Waller’s comments, the markets raised the odds of a 25-bp easing this month to 79%, from 66% late on Friday, according to CME’s FedWatch. At the same time, rate futures reduced the chances of a Fed pause to 21% from 34% on Friday. The greenback had earlier gained as President-elect Donald Trump marked a shift from his prior advocacy of a weaker dollar by demanding BRICS member countries commit to not creating a new currency or supporting another currency. The Kremlin said on Monday any U.S. attempt to compel countries to use the dollar would backfire. The U.S. dollar index – a measure of its value relative to a basket of its main peers — rose 0.3% to 106.33. Key to the outlook for rates will be the November payrolls report due Friday, where median forecasts favor a rise of 195,000 following October’s weather and strike-hit report, which could also be revised given the low response rate for that survey. The jobless rate is seen edging up to 4.2%, from 4.1%, The dollar slipped 0.2% versus the yen to 149.37, having shed 3.3% last week in its worst run since July. Over the weekend, Bank of Japan Governor Kazuo Ueda said the next interest rate hikes are “nearing in the sense that economic data are on track,” following figures showing Tokyo inflation picked up in October. Currency bid prices at 2 December 09:05 p.m. GMT Descripti RIC Last U.S. Pct YTD Pct High Low on Close Change Bid Bid Previous Session Dollar 106.38 106.04 0.34% 4.94% 106.73 106. index 02 Euro/Doll 1.0498 1.0576 -0.74% -4.89% $1.0587 $1.0 ar 461 Dollar/Ye 149.54 149.49 0.04% 6.03% 150.755 149. n 15 Euro/Yen 1.0498 158.35 -0.85% 0.89% 158.64 156. 39 Dollar/Sw 0.8863 0.8813 0.58% 5.32% 0.8889 0.88 iss 14 Sterling/ 1.2651 1.2741 -0.7% -0.58% $1.2745 $1.2 Dollar 619 Dollar/Ca 1.4046 1.4001 0.33% 5.97% 1.409 1.39 nadian 86 Aussie/Do 0.6473 0.6519 -0.69% -5.05% $0.6527 $0.6 llar 443 Euro/Swis 0.9303 0.932 -0.18% 0.18% 0.9324 0.92 s 9 Euro/Ster 0.8295 0.8304 -0.11% -4.3% 0.8305 0.82 ling 71 NZ 0.5882 0.5924 -0.57% -6.79% $0.592 0.58 Dollar/Do 65 llar Dollar/No 11.103 11.0181 0.77% 9.55% 11.1578 11.0 rway 626 Euro/Norw 11.657 11.662 -0.04% 3.86% 11.6899 11.6 ay 37 Dollar/Sw 10.993 10.8844 1% 9.13% 11.0383 10.8 eden 868 Euro/Swed 11.5413 11.521 0.18% 3.74% 11.5552 11.5 en 165 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Stefano Rebaudo in Milan; Editing by Shri Navaratnam, Gareth Jones, Toby Chopra and Jonathan Oatis) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );Here's How Much You Would Have Made Owning Agilent Technologies Stock In The Last 10 YearsGolden Minerals Closes Sale of its Yoquivo Gold-Silver Project
NoneThe expanded Big Ten is poised to be a major player in this season's College Football Playoff. The 18-team conference had three of the top-four teams in the AP poll this week — No. 1 Oregon, No. 2 Ohio State and No. 4 Penn State. A one-loss Indiana team is ranked 10th but is still very much a contender to make the playoff, given how many Southeastern Conference teams have three defeats or more. Indiana's rise has been perhaps the Big Ten's biggest story this season. Much of the spotlight was on newcomers Oregon, Southern California, UCLA and Washington, but aside from the top-ranked Ducks, that foursome has struggled to impress. Meanwhile, the Hoosiers won their first 10 games under new coach Curt Cignetti before losing at Ohio State last weekend. Oregon beat Ohio State 32-31 back in October, and if the Buckeyes beat rival Michigan this weekend, they'll earn a rematch with the Ducks for the Big Ten title. And it's entirely possible another matchup between those two teams awaits in the CFP. Dillon Gabriel has quarterbacked Oregon to an unbeaten record, throwing for 3,066 yards and 22 touchdowns in 11 games. But don't overlook Iowa's Kaleb Johnson and his 21 rushing TDs, and quarterback Kurtis Rourke has been a big part of Indiana's improvement. Penn State's Abdul Carter has eight sacks and two forced fumbles and could be one of the top edge rushers drafted this year. Oregon (11-0, 8-0), Ohio State (10-1, 7-1), Penn State (10-1, 7-1), Indiana (10-1, 7-1), Illinois (8-3, 5-3), Iowa (7-4, 5-3), Michigan (6-5, 4-4), Minnesota (6-5, 4-4), Washington (6-5, 4-4), Southern California (6-5, 4-5), Nebraska (6-5, 3-5) and Rutgers (6-5, 3-5) have already reached the six-win mark for bowl eligibility. Michigan State (5-6, 3-5) and Wisconsin (5-6, 3-5) can join them. There may not be many firings in general at the top level of college football. The prospect of sharing revenue with athletes in the future might lead schools to be more judicious about shedding one coach and hiring a new one. Who should be most worried in the Big Ten? Well, Lincoln Riley is struggling to stay above .500 in his third season at USC. Purdue is 1-10, but coach Ryan Walters is only in his second season. Maryland's Mike Locksley has been there six years and his Terrapins are 4-7, but this was his first real step backward after guiding the team to three straight bowl wins. Cignetti has shown it is possible for a coaching change to push a previously moribund program to some impressive heights in a short amount of time — but the improvement has been more incremental at Michigan State following Jonathan Smith's arrival. Sherrone Moore wasn't a completely unknown commodity at Michigan after he won some massive games in place of a suspended Jim Harbaugh last year. But in his first season completely at the helm, the Wolverines have declined significantly following their national title a season ago. The Big Ten is home to one of the most dynamic freshmen in the country in Ohio State receiver Jeremiah Smith. He has 52 catches for 899 yards and nine touchdowns. Highly touted quarterback Dylan Raiola has teamed up with fellow freshman Jacory Barney (49 catches) to lead Nebraska to bowl eligibility. Ohio State is on track to land the Big Ten's top class, according to 247 Sports, but the big news recently was quarterback Bryce Underwood flipping from LSU to Michigan. If the Wolverines do in fact keep Underwood in his home state, that would be a big development for Moore. Be the first to know Get local news delivered to your inbox!None
NoneVishay Intertechnology, Inc VSH stock gained after analyst Ming-Chi Kuo commented on the stock on social media. While the tech industry focuses on NVIDIA Corp’s NVDA AI server and RTX 50 series supply chain, Kuo’s research reveals Vishay as the hidden key winner. According to the analyst, Vishay has secured better-than-expected orders for Nvidia’s Blackwell AI servers (GB200 series and DGX/HGX B200) and RTX 50 series graphics cards. Also Read: Meta, OpenAI, Orange Join Forces To Build AI Models For African Languages The component orders include MOSFET/DrMOS (VRPower), vPolyTan (Polymer Tantalum, such as T55) and Current Shunt Resistors. Kuo said MOSFET and vPolyTan deserve special attention. He noted that for GB200 NVL72/36’s 8kW 54V-to-12V power supply, Nvidia switched to a Renesas (controller) and Vishay (MOSFET) combination, replacing power management modules from Flextronics and Delta. Notably, Vishay replaced Infineon as the current MOSFET supplier. For DGX/HGX’s 2kW 54V-to-12V power supply, Nvidia now uses ADI (controller) and Vishay (MOSFET), Kuo flagged. The GB200 NVLink Switch’s 2kW 54V-to-12V power supply also uses the Renesas (controller) and Vishay (MOSFET) combination. The analyst noted that Vishay became the new DrMOS supplier for Nvidia’s upcoming RTX 50 series graphics cards. Mass production will start in the first quarter of 2025. Vishay’s current MOSFET production capacity in 2025 is fully loaded, and it will likely contribute 20%–30% of revenue, with a higher-than-average gross profit margin, as per the analyst. GB200 heavily utilizes Vishay’s vPolyTan (polymer tantalum capacitors, primarily T55). Vishay’s vPolyTan is already facing a supply crunch for 2025 and will likely contribute a high single-digit percentage of revenue with significantly above-average gross margins. Vishay has the potential to capitalize on robust demand for Nvidia’s AI servers and the new RTX 50 series. He noted the company is also well-positioned to benefit from the automotive sector’s rebound and the IoT market. Price Actions: VSH stock is up 7.12% at $18.35 at last check Tuesday. NVDA is up 0.51% at $136.75. Also Read: Microsoft Service Disruption Hits Outlook And Teams, Thousands Report Issues Photo: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.NEW ORLEANS (AP) — The largest artificial intelligence data center ever built by Facebook’s parent company Meta is coming to northeast Louisiana, the company said Wednesday, bringing hopes that the $10 billion facility will transform an economically neglected corner of the state. Republican Gov. Jeff Landry called it “game-changing” for his state's expanding tech sector, yet some environmental groups have raised concerns over the amount of energy it would use — and whether it could lead to higher energy bills in the future. Meanwhile, Elon Musk's AI startup, xAI, is expanding its existing supercomputer project in Memphis, Tennessee, the city's chamber of commerce said Wednesday. The chamber also said that Nvidia, Dell, and Supermicro Computer will be “establishing operations in Memphis,” without offering further details. Louisiana is among a growing number of states seeking to lure big tech firms in need of energy-intensive data centers with tax credits and other incentives. The U.S. Commerce Department found that there aren’t enough data centers in the U.S. to meet the rising AI-fueled demand, which is projected to grow by 9% each year through 2030, citing industry reports. Meta anticipates its Louisiana data center will create 500 operational jobs and 5,000 temporary construction jobs, said Kevin Janda, director of data center strategy. At 4 million square feet (370,000 square meters), it will be the company's largest AI data center to date, he added. “We want to make sure we are having a positive impact on the local level,” Janda said. Congressional leaders and local representatives from across the political spectrum heralded the Meta facility as a boon for Richland parish, a rural part of Louisiana with a population of 20,000 historically reliant on agriculture. About one in four residents are considered to live in poverty and the parish has an employment rate below 50%, according to the U.S. census data. Meta plans to invest $200 million into road and water infrastructure improvements for the parish to offset its water usage. The facility is expected to be completed in 2030. Entergy, one of the nation's largest utilities providers, is fast-tracking plans to build three natural gas power plants in Louisiana capable of generating 2,262 megawatts for Meta's data center over a 15 year period — nearly one-tenth of Entergy's existing energy capacity across four states. The Louisiana Public Service Commission is weighing Entergy's proposal as some environmental groups have opposed locking the state into more fossil fuel-based energy infrastructure. Meta said it plans to help bring 1,500 megawatts of renewable energy onto the grid in the future. Louisiana residents may ultimately end up with rate increases to pay off the cost of operating these natural gas power plants when Meta's contract with Entergy expires, said Jessica Hendricks, state policy director for the Alliance for Affordable Energy, a Louisiana-based nonprofit advocating for energy consumers. “There’s no reason why residential customers in Louisiana need to pay for a power plant for energy that they’re not going to use," Hendricks said. "And we want to make sure that there’s safeguards in place.” Public service commissioner Foster Campbell, who represents northeast Louisiana, said he does not believe the data center will increase rates for Louisianians and views it as vital for his region. “It’s going in one of the most needed places in Louisiana and maybe one of the most needed places in the United States of America,” Foster said. “I’m for it 100%.” Environmental groups have also warned of the pollution generated from Musk's AI data center in Memphis. The Southern Environmental Law Center, among others, says the supercomputer could strain the power grid, prompting attention from the Environmental Protection Agency. Eighteen gas turbines currently running at xAI’s south Memphis facility are significant sources of ground-level ozone, better known as smog, the group said. Patrick Anderson, an attorney at the law center, said xAI has operated with “a stunning lack of transparency” in developing its South Memphis facility, which is located near predominantly Black neighborhoods that have long dealt with pollution and health risks from factories and other industrial sites. “Memphians deserve to know how xAI will affect them,” he said, “and should have a seat at the table when these decisions are being made.” Sainz reported from Memphis, Tennessee. Associated Press writer Matt O’Brien in Providence, Rhode Island, contributed to this report. Brook is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow Brook on the social platform X: @jack_brook96 Get any of our free daily email newsletters — news headlines, opinion, e-edition, obituaries and more.
19 Early Walmart Black Friday DealsFrance has a new government, again. Politics and crushing debt complicate next steps