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Meta has confirmed its plans to use nuclear power to fuel US data centers. The company announced that its accepting proposals from nuclear energy developers to work on the project, with the goal of adding between one and four gigawatts of nuclear energy capacity starting in the early 2030s. The companys request for proposals states that Meta is seeking partners that have experience with either Small Modular Reactors (SMR) or larger nuclear reactors. Axios reports that the company is geographically agnostic about the location of potential nuclear sites. The company previously had plans to build a nuclear-powered data center, The Financial Times reported earlier this year, but the plans were scuttled after the discovery of a rare species of bees near the site. As new innovations bring impactful technological advancements across sectors and support economic growth, we believe that nuclear energy can help provide firm, baseload power to support the growth needs of the electric grids that power both our data centers (the physical infrastructure on which Metas platforms operate) as well as the communities around them, the company wrote in a statement. Meta isnt the only major tech company looking to nuclear power to help power its AI ambitions. Google recently announced a deal to build multiple reactors in the US, with the goal of adding 500 megawatts of nuclear power from SMRs. Microsoft also said this year it wants to revive the Three Mile Island nuclear plant in Pennsylvania to fuel its AI development.This article originally appeared on Engadget at https://www.engadget.com/big-tech/meta-wants-to-use-nuclear-power-for-its-data-centers-225051671.html?src=rss
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Marketing and Advertising
Former cryptocurrency leader Alex Mashinsky has pleaded guilty to two fraud charges. The founder and CEO of Celsius Network was indicted on seven criminal counts in 2023, including charges of fraud, conspiracy and market manipulation. He entered a not guilty plea at the time, but in a hearing today, Mashinsky pled guilty to two of those original counts. The first is commodities fraud and the second is a fraudulent scheme to manipulate the price of his company's in-house crypto token CEL. Reuters reported that as part of a plea deal, Mashinsky has agreed not to appeal any sentence of 30 years or less. Mashinsky's case is one of several fraud cases being pursued against leaders of cryptocurrency operations. The most well-publicized charges are those brought against FTX founder Sam Bankman-Fried, who was found guilty on seven counts of fraud in 2023. National agencies began a push into fraud charges for cryptocurrency schemes in 2022, when several notable companies filed for bankruptcy as token prices plummeted in response to rising interest rates and high inflation. That year, the Federal Trade Commission said that victims of crypto schemes had lost more than $1 billion since 2021.This article originally appeared on Engadget at https://www.engadget.com/big-tech/former-celsius-ceo-pleads-guilty-to-two-fraud-charges-224046043.html?src=rss
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Marketing and Advertising
Vizio is now a member of the Walmart corporate empire. The retail company announced the completion of its $2.3 billion acquisition of the TV manufacturer on Tuesday. Walmart didnt just buy a TV brand. It now owns a new advertising platform. Vizios SmartCast OS collects huge amounts of data from its 19 million active accounts, and the company makes the majority of its money from the platform. Walmarts new partnership with Vizio and its other smart TV brand Onn is sure to stir up the lucrative competition for advertising revenue, according to the Wall Street Journal. Walmart officially announced its plans to buy Vizio in February following early reports about its deal. This article originally appeared on Engadget at https://www.engadget.com/home/home-theater/walmart-completes-its-23-billion-purchase-of-vizio-222449239.html?src=rss
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Marketing and Advertising
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