Amazon's cloud computing division recently said that it would invest more than $1 billion over the next five years in US communities where it operates data centers, and pledged to address concerns around electricity and water usage, Reuters reported.
A Response to Growing Local Opposition
Data centers, which provide the computing power needed to train and run AI models, have faced growing opposition from communities across...
Bank of Japan Deputy Governor Shinichi Uchida said the global AI boom may have eased financial conditions by boosting demand and pushing up asset prices, but warned that markets could face a sharp pullback if expected profits fail to materialise, Reuters reported, citing the text of a speech published on the central bank's website Monday.
A Positive Shock, With a Catch
It is a big positive...
