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Transit software startup Via confidentially files for an IPO

techcrunch.com Kirsten Korosec 2025-07-26 10:09:40

Via, the transit software startup that garnered attention for its consumer-facing on-demand shuttle service, said it has filed confidentially for an initial public offering. Via has been batting around plans for an IPO for years. The company filed confidentially for an IPO in 2021, but never took the next official and regulatory steps to enter the public markets. Now, the company says it’s ready. Its status as a confidential filing, however, leaves lots of missing details, including the number

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Major US power operator says AI and data center demands are pushing prices up

engadget.com Unknown 2025-08-04 18:00:30

PJM Interconnection (PJM) is the largest power grid operator in the US, serving 65 million customers across the District of Columbia and 13 states, namely Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia and West Virginia. But this summer, some parts of PJM's power grid are expected to use so much electricity that people's bills for the summer are projected to be 20 percent higher than before, according to Reuters. Th

Topics: demand grid pjm plants power
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Nvidia beats Apple to a $4T valuation as it rides AI wave

9to5mac.com Ben Lovejoy 2025-08-06 22:12:05

Nvidia, the US company specializing in high-performance GPU cards, has become the first ever company with a market capitalization of four trillion dollars. It is now the most valuable company in the world, ahead of Apple and Microsoft. It’s a little over a year since the company overtook AAPL thanks to a spectacular rise in value that saw it go from being worth $2T to more than $3T in just four months … Nvidia is best known for its high-end GPU chips used in gaming computers, and until the las

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Super Micro plans to ramp up manufacturing in Europe to capitalize on AI demand

cnbc.com Arjun Kharpal 2025-08-07 16:54:26

CEO of Supermicro Charles Liang speaks during the Reuters NEXT conference in New York City, U.S., December 10, 2024. PARIS — Super Micro plans to increase its investment in Europe, including ramping up manufacturing of its AI servers in the region, CEO Charles Liang told CNBC in an interview that aired on Wednesday. The company sells servers which are packed with Nvidia chips and are key for training and implementing huge AI models. It has manufacturing facilities in the Netherlands, but could

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It’s officially summer, and the grid is stressed

technologyreview.com Casey Crownhart 2025-08-27 22:00:00

We rely on electricity to keep ourselves comfortable, and more to the point, safe. These are the moments we design the grid for: when need is at its very highest. The key to keeping everything running smoothly during these times might be just a little bit of flexibility. While heat waves happen all over the world, let’s take my local grid as an example. I’m one of the roughly 65 million people covered by PJM Interconnection, the largest grid operator in the US. PJM covers Virginia, West Virgini

Topics: demand grid gw peak pjm
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Heat Domes and Surging Grid Demand Threaten US Power Grids with Blackouts

cnet.com See Full Bio 2025-08-28 16:45:00

Key takeaways: The National Weather Service issues an extreme heat warning affecting almost 150 million people across the US. Heat domes are to blame. Parts of the US -- including the Midwest, New England and Texas-Louisiana -- face blackout risks during high-demand periods like summer heat waves. Electricity demand is a primary challenge across the US due to factors like new data centers, electrification and industrial activity. Regional grid risks vary: The Midwest faces plant retirements,

Topics: demand energy heat nerc risk
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After raising $38M, African e-commerce startup Sabi lays off 20%, pivots to traceable exports

techcrunch.com Tage Kene-Okafor 2025-09-04 22:16:01

African B2B e-commerce startup Sabi has laid off around 20% of its workforce (~50 employees) as it pivots from its original retail-focused platform to double down on a growing business in commodity exports. The layoffs, confirmed by the company on Thursday, are part of a broader restructuring aimed at aligning resources with what it describes as rising demand for traceable, ethically sourced commodities, an area it began building out last year under a new vertical called TRACE (Technology Rails

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Why uranium mining is having a resurgence in the United States

cnbc.com Magdalena Petrova 2025-09-19 06:00:01

From about the 1960s to the mid-1980s, the United States was a leader in uranium mining. But domestic production of the mineral, which is primarily used as fuel for nuclear reactors, has since fallen off a cliff. "A lot of this was because it was a government priority. And we strategically used government funding and subsidies to support it. However, what kind of started happening during the 90s is we saw a de-prioritization away from uranium," said Gracelin Baskaran, director of the Critical M

Topics: demand energy nuclear power uranium
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Vibe Coding Is Coming for Engineering Jobs

wired.com Will Knight 2025-09-19 14:30:00

On a 5K screen in Kirkland, Washington, four terminals blur with activity as artificial intelligence generates thousands of lines of code. Steve Yegge, a veteran software engineer who previously worked at Google and AWS, sits back to watch. “This one is running some tests, that one is coming up with a plan. I am now coding on four different projects at once, although really I’m just burning tokens,” Yegge says, referring to the cost of generating chunks of text with a large language model (LLM)

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Together AI’s $305M bet: Reasoning models like DeepSeek-R1 are increasing, not decreasing, GPU demand

venturebeat.com Sean Michael Kerner 2025-06-04 09:30:38

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More When DeepSeek-R1 first emerged, the prevailing fear that shook the industry was that advanced reasoning could be achieved with less infrastructure. As it turns out, that’s not necessarily the case. At least, according to Together AI, the rise of DeepSeek and open-source reasoning has had the exact opposite effect: Instead of reducing the need for infrastructure, it is

Topics: ai demand infrastructure models reasoning
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What’s driving electricity demand? It isn’t just AI and data centers.

technologyreview.com Casey Crownhart 2025-06-04 12:00:00

Take the US, for example. The IEA report points to other research showing that the 10 states hosting the most data center growth saw a 10% increase in electricity demand between 2019 and 2023. Demand in the other 40 states declined by about 3% over the same period. One caveat here is that nobody knows for sure what’s going to happen with data centers in the future, particularly those needed to run AI. Projections are all over the place, and small changes could drastically alter the amount of en

Topics: demand electricity emissions growth new
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The Download: Microsoft’s quantum chip, and explaining rising energy demand

technologyreview.com Charlotte Jee 2025-06-04 14:10:00

A new Microsoft chip could lead to more stable quantum computers Microsoft has announced that it’s made significant progress in its 20-year quest to make topological quantum bits, or qubits—a special approach to building quantum computers that could make them more stable and easier to scale up. The company says it’s developed a chip containing eight of these qubits, and has also published a Nature paper that describes a fundamental validation of the system. It’s a different approach to competi

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DRAM makers set to halt DDR3 and DDR4 production in 2025

techspot.com Alfonso Maruccia 2025-06-04 09:56:00

Rumor mill: The DRAM industry could be in for a major shake-up this year. Sources claim production of mature DRAM solutions may be winding down as the largest memory manufacturers shift their focus almost entirely to high-performance chips. If true, the move could have significant consequences for the market and end customers alike. The "big three" in the DRAM industry are preparing to end production of DDR3 and DDR4 memory solutions this year. Samsung Electronics, SK Hynix, and Micron are repo

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Major DRAM makers set to halt DDR3 and DDR4 production in 2025

techspot.com Alfonso Maruccia 2025-06-04 14:56:00

Rumor mill: The DRAM industry could be in for a major shake-up this year. Sources claim production of mature DRAM solutions may be winding down as the largest memory manufacturers shift their focus almost entirely to high-performance chips. If true, the move could have significant consequences for the market and end customers alike. The "big three" in the DRAM industry are preparing to end production of DDR3 and DDR4 memory solutions this year. Samsung Electronics, SK Hynix, and Micron are repo

Topics: demand dram manufacturers market memory
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