Big Tech’s AI dream turns into Ireland’s energy nightmare

The growth of power-hungry artificial intelligence (ai) is Redrawing the map of Europe's data centers, and Ireland, the heart of the continent's Tech scene, may lose out. data centers have become a pillar of the economy in Ireland, the European Union base for many Tech companies.

Dublin is the world's third-largest Hyperscale data center Hub and the top site in Europe.

Hyperscalers are large cloud providers such as Amazon, Microsoft, and Google that operate massive networks made up of thousands of data Servers.

However, AI's voracious appetite for electricity, which could double by 2026, may force Ireland to surrender its cloud crown, as the country's power Grids struggle to keep up with demand. As a result, the country's electricity network operator Eirgrid has been reviewing "data center applications...on a case-by-case basis since November 2021," an Eirgrid spokesperson explained.

Reference Sources

1. politico - Big Tech’s AI dream turns into Ireland’s energy nightmare

Millennium, Capula, Tudor pile bitcoin ETFs into portfolios

(Source: Reuters)

Hedge funds including millennium management, Capula management, and Tudor investment increased their exposure to us spot Bitcoin Exchange-Traded funds in the third quarter, as a popular Election-Driven arbitrage trade Ramped up.

President-elect Donald Trump embraced Digital assets during his campaign, promising friendly regulation and to accumulate a national stockpile of Bitcoin.

Bitcoin is closing in on $100,000 for the first time, but could still double after that, according to Bca research. Experts agree that the primary trigger for Bitcoin ’ s rise from $68,000 on November 5 to over $90,000 on November 13 was the outcome of the us election, with Donald Trump emerging as the winner. In the ranking of assets by market capitalization, the asset continues to gain positions and could soon take on the biggest chunks.

Reference Sources

1. cna - Millennium, Capula, Tudor pile bitcoin ETFs into portfolios
2. cnbc - As bitcoin wraps up a big week, the case is made for $200,000
3. newsukraine - Crypto boom: Why bitcoin is skyrocketing and how trump is involved
4. eurodayfr - an endless climb… until you surpass gold?
5. eurodayfr - XRP at 1 dollar, a goal achieved next week?

EU grows increasingly convinced Russia is producing lethal drones in China

The European Union (Eu) is growing increasingly convinced that Russia is producing lethal drones in China to prop up the invasion of Ukraine, raising fresh questions on how far Beijing is willing to risk to abide by its "No-Limits partnership" with Moscow.

The mounting concerns focus on a secret weapons programme that Russia has allegedly established in China's Xinjiang province, which was first brought to light by Reuters in an exclusive investigation published in September.

The Reuters report described how a subsidiary of Almaz-Antey, a Russian state-owned arms company under Eu and us sanctions, had "developed and Flight-Tested" a new model of a long-range drone "with the help of local specialists." the European external action service (Eeas), the bloc's diplomatic arm, also received evidence from intelligence sources showing Russia had set up one factory on Chinese soil to assemble drones that could potentially be deployed to target Ukraine.

The drones are said to be designed for attack purposes, rather than reconnaissance.

Reference Sources

1. euronews - EU grows increasingly convinced Russia is producing lethal drones in China
2. politico - EU to press China over drones for Russia, warns of ‘consequences’

The CommonWealth English daily news digest is a service curated by CommonWealth English team with the help of AI tools.

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Uploaded by Ian Huang