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The CEO of a major data center provider just explained the growing problem of AI

The CEO of a major data center provider just explained the growing problem of AI

Modine Manufacturing (MOD) rose approximately 5% after earnings, but the bigger story may be what management revealed about the growing tension within AI data center buildouts. CEO Neil Brinker described cooling infrastructure as a mission-critical part of the AI ​​expansion cycle, and “Hyperscalers are racing to secure the cooling capacity needed to support next-generation AI…

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US unemployment claims rise to 215,000 but layoffs remain low despite uncertainty over Iran war

US unemployment claims rise to 215,000 but layoffs remain low despite uncertainty over Iran war

Washington– More Americans sought unemployment benefits last week, but layoffs remain low despite economic uncertainty caused by the coronavirus. Iran war. The Labor Department reported Thursday that unemployment claims rose to 215,000, up from 210,000 the previous week. The four-week moving average of claims, which smoothes out week-to-week fluctuations, rose by about 6,300 to 209,000….

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Last year, new Federal Reserve Chairman Kevin Warsh believed that artificial intelligence would pave the way for interest rate cuts. Now it is doing exactly the opposite.

Last year, new Federal Reserve Chairman Kevin Warsh believed that artificial intelligence would pave the way for interest rate cuts. Now it is doing exactly the opposite.

in a Wall Street Journal In an op-ed last November about the Federal Reserve, Kevin Warsh said that artificial intelligence (AI) would be a “significant disinflationary force.” Many experts interpreted this to mean that Warsh was suggesting that the benefits of AI could pave the way for the Federal Reserve to lower interest rates further….

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