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NEW YORK (AP) — In a string of visits, dinners, calls, monetary pledges and social media overtures, big tech chiefs — including Apple’s Tim Cook, OpenAI’s Sam Altman, Meta’s Mark Zuckerberg and Amazon’s Jeff Bezos — have joined a parade of business and world leaders in trying to improve their standing with President-elect Donald Trump before he takes office in January. “The first term, everybody was fighting me,” Trump said in remarks at Mar-a-Lago . “In this term, everybody wants to be my friend.” Tech companies and leaders have now poured millions into his inauguration fund, a sharp increase — in most cases — from past pledges to incoming presidents. But what does the tech industry expect to gain out of their renewed relationships with Trump? A clue to what the industry is looking for came just days before the election when Microsoft executives — who’ve largely tried to show a neutral or bipartisan stance — joined with a close Trump ally, venture capitalist Marc Andreessen, to publish a blog post outlining their approach to artificial intelligence policy. “Regulation should be implemented only if its benefits outweigh its costs,” said the document signed by Andreessen, his business partner Ben Horowitz, Microsoft CEO Satya Nadella and the company’s president, Brad Smith. They also urged the government to back off on any attempt to strengthen copyright laws that would make it harder for companies to use publicly available data to train their AI systems. And they said, “the government should examine its procurement practices to enable more startups to sell technology to the government.” Trump has pledged to rescind President Joe Biden’s sweeping AI executive order, which sought to protect people’s rights and safety without stifling innovation. He hasn’t specified what he would do in its place, but his campaign said AI development should be “rooted in Free Speech and Human Flourishing.” Trump’s choice to head the Interior Department, North Dakota Gov. Doug Burgum, has spoken openly about the need to boost electricity production to meet increased demand from data centers and artificial intelligence. “The AI battle affects everything from defense to healthcare to education to productivity as a country,′′ Burgum said on Nov. 15, referring to artificial intelligence. “And the AI that’s coming in the next 18 months is going to be revolutionary. So there’s just a sense of urgency and a sense of understanding in the Trump administration′′ to address it. Demand for data centers ballooned in recent years due to the rapid growth of cloud computing and artificial intelligence, and local governments are competing for lucrative deals with big tech companies. But as data centers begin to consume more resources, some residents are pushing back against the world’s most powerful corporations over concerns about the economic, social and environmental health of their communities. “Maybe Big Tech should buy a copy of ‘The Art of The Deal’ to figure out how to best negotiate with this administration,” suggested Paul Swanson, an antitrust attorney for the law firm Holland & Hart. “I won’t be surprised if they find ways to reach some accommodations and we end up seeing more negotiated resolutions and consent decrees.” Although federal regulators began cracking down on Google and Facebook during Trump’s first term as president — and flourished under Biden — most experts expect his second administration to ease up on antitrust enforcement and be more receptive to business mergers. Google may benefit from Trump’s return after he made comments on the campaign trail suggesting a breakup of the company isn’t in the U.S. national interest, after a judge declared its search engine an illegal monopoly . But recent nominations put forward by his transition team have favored those who have been critical of Big Tech companies, suggesting Google won’t be entirely off the hook. Cook’s notoriously rocky relationship with the EU can be traced back to a 2016 ruling from Brussels in a tax case targeting Apple. Cook slammed the bloc’s order for Apple to pay back up to $13.7 billion in Irish back taxes as “total political crap.” Trump, then in his first term as president, piled on, referring to the European Commissioner Margrethe Vestager, who was spearheading a campaign on special tax deals and a crackdown on Big Tech companies, as the “tax lady” who “really hates the U.S.” Brussels was eventually vindicated after the bloc’s top court rejected Apple’s appeal this year, though it didn’t stop Cook from calling Trump to complain, Trump recounted in a podcast in October. Trump hosted Cook for a Friday evening dinner at the president-elect’s Mar-a-Lago resort, according to a person familiar with the matter who was not authorized to comment publicly. Neither Apple nor the Trump transition team has commented on the nature of their discussions. Altman , Amazon and Meta all pledged to donate $1 million each to Trump’s inaugural fund. During his first term, Trump criticized Amazon and railed against the political coverage at The Washington Post, which billionaire Bezos owns. Meanwhile, Bezos had criticized some of Trump’s past rhetoric. In 2019, Amazon also argued in a court case that Trump’s bias against the company harmed its chances of winning a $10 billion Pentagon contract. More recently, Bezos has struck a more conciliatory tone. He recently said at The New York Times’ DealBook Summit in New York that he was “optimistic” about Trump’s second term, while also endorsing president-elect’s plans to cut regulations. The donation from Meta came just weeks after Zuckerberg met with Trump privately at Mar-a-Lago. During the 2024 campaign, Zuckerberg did not endorse a candidate for president, but voiced a more positive stance toward Trump. Earlier this year, he praised Trump’s response to his first assassination attempt. Still, Trump in recent months had continued to attack Zuckerberg publicly. And Altman, who is in a legal dispute with AI rival Elon Musk, has said he is “not that worried” about the Tesla CEO’s influence in the incoming administration. Musk, an early OpenAI investor and board member, sued the artificial intelligence company earlier this year alleging that the maker of ChatGPT betrayed its founding aims of benefiting the public good rather than pursuing profits.
SCOTTSDALE, Ariz. (AP) — Four people are running to be the next Democratic National Committee chair, looking to take on the task of reinvigorating a party demoralized by a second loss to President-elect Donald Trump. Others may still get into the race as the party reckons with the 2024 election, which saw Trump gain with nearly every demographic group in a decisive repudiation of the incumbent party. The committee’s roughly 450 members will elect a successor for outgoing chairperson Jaime Harrison on Feb. 1. The four declared candidates spoke to The Associated Press last week in Scottsdale, Ariz., where they were making their pitch in public and private at a meeting of state Democratic chairs. Here are their responses. Should Joe Biden have dropped out sooner? The 82-year-old incumbent has been criticized for seeking reelection when many Americans were concerned about his age, and he has been accused of not giving Vice President Kamala Harris enough time to distinguish herself against Trump. Ken Martin, Democratic chairman in Minnesota and DNC vice chair: “To me, it’s an academic exercise. You can’t change the past. So for us, it’s really about what lessons can we draw right now that can inform the future.” Martin O’Malley, former Maryland governor and Social Security administrator: “I don’t know. You guys playing this D.C. parlor game on me, I’m not going to engage in that. Sorry.” James Skoufis, New York state senator: “Yes. A 107-day runway made for an exceptionally difficult set of circumstances. And it was clear to most Democrats at the time that President Biden was not well situated to run for reelection. And if dropping out sooner would have meant a primary, so be it. Vice President Harris, I’m very confident, still would have likely been the nominee if there was a primary. She would have been a stronger nominee with that longer runway.” Ben Wikler, chair of the Wisconsin Democratic Party: “My campaign slogan is ‘unite, fight, win.’ And to me, uniting means a reckoning with how we can adapt to do better, but not recriminations about different things in the past. So my focus is on learning every lesson that we can apply in these next four years and beyond to build the new capacities that are going to allow us to win the lessons that were out of reach in 2024 and the last few years.” Did Kamala Harris spend too much time with Liz Cheney and courting Republican votes? Vermont Sen. Bernie Sanders and other progressives argued before and after Election Day that Harris should have focused more on working-class voters and less on Republicans and right-leaning voters disaffected with Trump. Martin: “Were there things we can learn from the election? Sure. We’re going to have to dig into all that. One thing I would say that’s important is that we have to make sure that we are competing in all spaces and we’re talking to all voters. And I’m not suggesting we spend a lot of time talking to Republican voters, don’t get me wrong. But we need to make sure that we are reaching outside of just our comfort zone and our base and trying to really make a significant play for independent voters.” O’Malley: “I don’t know. That’s another parlor game thing, and I’m not going to second-guess that. The only thing I know for sure, from all the people I’ve talked to now across the country, is that there’s pretty widespread belief that Americans’ primary concern in this election was economic anxieties about the future. Fear of the future. Fear that their own work wasn’t sufficient to keep their head above water. And we failed to speak to their economic concerns.” Skoufis: “I believe it was absolutely the right thing to be spending time and hitting the stump with Liz Cheney and other Republicans, disaffected former Trump administration officials. That was absolutely the right thing to do. And similarly, we absolutely need to be doing more of rebuilding the fraying edges of our tent on the left. They’re not mutually exclusive.” Wikler: “I live in a state where the suburban counties that Liz Cheney and Kamala Harris visited actually grew vote share for Democrats relative to 2020. Harris did better in the (suburban Milwaukee) counties than Biden had in the 2020 election. And I think there were some voters who are traditionally Republican who are making up their mind in the last second who saw that Republicans like them could vote for a Democrat this year. At the same time, there’s a ton of working-class folks who didn’t hear our message and who we need to find more ways to reach, that often won’t rely on being familiar with political figures that play a big role in cable news but aren’t present in people’s lives. And figuring out how to how to reach those folks, I think, is the next big challenge that we need to build on.”
U.S. stock futures were little changed Sunday night after the S&P 500 and Nasdaq Composite posted their third straight winning week, ahead of key inflation data due out this week. Dow Jones Industrial Average futures rose by 23 points, or 0.05%. S&P 500 futures and Nasdaq 100 futures gained 0.05% and 0.05%, respectively. > Philadelphia news 24/7: Watch NBC10 free wherever you are The S&P 500 and Nasdaq closed at fresh records Friday , rising 0.96% and 3.34% for the week, respectively. The Dow was the lone laggard, closing the week down 0.6%. Those moves come after the November jobs report showed stronger-than-expected growth, but not so much strength as to dent investor hopes the Federal Reserve will lower interest rates this month. The CME FedWatch Tool shows markets pricing in an 85% chance the target rate will be lowered by a quarter point at the conclusion of the Dec. 18 meeting. "Everything else is working exactly the way the Fed wants," Wharton School's finance professor Jeremy Siegel told CNBC's "Closing Bell" on Friday. "I think we're going to have one rate cut on that December 18 meeting, but truthfully, I think only two or three rate cuts next year. I think this strength could last." The Fed is now in a blackout period ahead for commentary of its policy-setting meeting, but investors will get one final piece of insight into their decision-making with key inflation data set to be released this week . The November consumer price index, due out Wednesday, is expected to show a slight uptick in pricing pressures. Economists polled by Dow Jones expect a 0.3% and 2.7% monthly and yearly increase, respectively. That would be up from 0.2% and 2.6%, respectively, from the prior month. On Monday, investors will await October wholesale inventories data, due at 10 a.m. ET. Corporate earnings continue on Monday, with Oracle's results expected after the close. Key inflation data due out this week The November consumer price index due out Wednesday is expected to show a slight uptick in pricing pressures. Economists polled by Dow Jones expect a 0.3% and 2.7% monthly and yearly increase, respectively. That would be up from 0.2% and 2.6% from the prior month . — Sarah Min Stock futures open little changed Stock futures opened little changed Sunday night. Dow Jones Industrial Average futures fell by 15 points, or 0.03%. S&P 500 futures and Nasdaq 100 futures dipped 0.05% and 0.12%, respectively. — Sarah Min
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Cover Five: What to make of wild week around Nebraska football, and 5 biggest impact signeesLAS VEGAS--(BUSINESS WIRE)--Dec 18, 2024-- VictoriaMetrics , open source time-series database and monitoring solution and IHI Terrasun Solutions, a leading energy storage system integrator today announced their collaboration on one of North America’s largest clean energy projects. The Gemini Solar + Storage project , which is carefully situated on less than 5,000 acres, is designed to provide clean energy for up to 10% of Nevada’s electricity needs during peak use times. VictoriaMetrics’ advanced open source database and monitoring solution plays a pivotal role in optimizing the output from over 1.8 million solar modules and maintaining the battery health of its 1,4 GWh storage system, one of the largest in the world . Enterprise edition becomes the data management solution of choice To effectively manage the vast amounts of data generated by Gemini's solar panels and battery storage systems, IHI Terrasun implemented a solution that could handle millions of metrics per second with exceptional accuracy and efficiency. Traditional data handling systems were inadequate due to their inability to scale with higher data demand, leaving the data science and data management teams at IHI Terrasun to seek a more advanced solution. After careful evaluation and market research, selecting VictoriaMetrics’ Enterprise solution was the clear choice. "VictoriaMetrics is an essential part of data management for the Gemini project and is the backbone of IHI Terrasun’s data collection and management system. The platform's ability to handle massive datasets with ease has been invaluable” , explained Larry Kane, SVP of Project and Product Engineering at IHI Terrasun . “We use the data to generate operational insights for maintenance and optimization, which is essential for the health of the project. The VictoriaMetrics team’s resourcefulness and quick response makes them a great partner in this technically challenging endeavor." Stalwartly reliable and cost-effective real-time scalability VictoriaMetrics Enterprise’s advanced architecture and robust features made it the perfect solution for large-scale projects like Gemini for four reasons: “We’re thrilled to see VictoriaMetrics help grow IHI Terrasun's energy storage operations over the past six years. Our commitment to developing an efficient and scalable solution has been central to VictoriaMetrics’ mission, and we could not have achieved this success without IHI Terrasun’s invaluable feedback on our Enterprise product.” Artem Navoiev, Co-Founder of VictoriaMetrics , stated. “In these times where breaking heat records has become a new normal, I'm glad projects like Gemini exist, and VictoriaMetrics can support them. If we can help reduce CO2 emissions, we're making a difference. This is a win-win-win for IHI Terrasun, VictoriaMetrics, the Gemini project and ultimately, for the planet.” A bright future for clean energy As the Gemini project continues to deliver electricity with IHI Terrasun’s stewardship, VictoriaMetrics will remain a vital component of its success. With its commitment to innovation and customer satisfaction, VictoriaMetrics is well-positioned to support IHI Terrasun's energy storage projects and contribute to a more sustainable future. About VictoriaMetrics Founded in Kyiv, Ukraine, now globally led and headquartered in the US, VictoriaMetrics is the scaleup leader in the category of open source time series database monitoring. The VictoriaMetrics management team came together following successful careers at Google, Lyft and Cloudflare to solve the hard problems around very large, constantly changing data types which they themselves had encountered. VictoriaMetrics also boasts VictoriaLogs, which gives under-pressure teams enhanced observability of complex systems and their interactions, over 650 million downloads and customers which include Adidas, Grammarly and Wix. For more information, please visit https://victoriametrics.com About IHI Terrasun Solutions IHI Terrasun Solutions provides hardware integration, software, and services for energy storage projects. The company’s proprietary design software and controls platform optimizes project sizing, controls and monitoring functions, and predictive services to ensure high reliability, performance, and efficiency. IHI Terrasun Solutions is a subsidiary of IHI Corporation, a multinational company based in Japan. Founded in 1853, the IHI Corporation has decades of experience with energy management and power services. For more information, please visit www.ihiterrasun.com or find us on LinkedIn View source version on businesswire.com : https://www.businesswire.com/news/home/20241218053748/en/ CONTACT: Phone number: + 353866098732 Email:jjss@victoriametrics.com KEYWORD: NEVADA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: OTHER ENERGY SOFTWARE SUSTAINABILITY ENVIRONMENT ALTERNATIVE ENERGY ENERGY DATA MANAGEMENT TECHNOLOGY SOURCE: VictoriaMetrics Copyright Business Wire 2024. PUB: 12/18/2024 05:08 PM/DISC: 12/18/2024 05:08 PM http://www.businesswire.com/news/home/20241218053748/en
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