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One of these huge new AI data centers is being built at a Tesla office in the Silicon Valley town of Palo Alto. Related storiesDuring a presentation about Tesla's Dojo AI supercomputer, engineer Bill Chang said the company's testing used so much power that it overwhelmed a nearby Palo Alto substation. A slide from a Palo Alto city presentation The City of Palo AltoThe substation upgrade is being done at unprecedented speed. It doesn't help that on July 1 Palo Alto increased electric bills by 9%, well ahead of inflation. She also stressed that Palo Alto utility rates were not increased to pay for this substation upgrade.
Persons: , Elon Musk, Alistair Barr, Tesla, Bill Chang, Palo Alto Alistair Barr Organizations: Service, Business, Workers, Palo Alto, Palo, Hanover Substation Locations: Silicon, Palo Alto, CPAU, Palo, Hanover
Singtel discusses its data center expansion plans
  + stars: | 2023-09-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSingtel discusses its data center expansion plansInvestment firm KKR is set to acquire a 20% stake in Singtel's regional data center unit for $807 million. Bill Chang, CEO of Singtel's infrastructure unit, discusses the deal.
Persons: Bill Chang Organizations: Investment, KKR
President Joe Biden signed the debt ceiling bill into law Saturday afternoon. The White House negotiated with Members of Congress for weeks before the bill finally passed on Thursday. Eventually, the White House began weeks of intense negotiations with House Speaker Kevin McCarthy, R-Calif., to reach a deal. The Senate passed the bill quickly by a vote of 63-36 Thursday night, two days before Biden signed it into law. But the White House said the IRS' plans to step up enforcement of tax laws for high-income earners and corporations would continue.
Persons: Joe Biden, , Biden, Kevin McCarthy, McCarthy Organizations: White, Service, Treasury Department, U.S, Democratic, Republican, Social Security, Senate, AP, Congressional, Internal Revenue Service, Trump, House
Green Energy Is Stuck at a Financial Red Light
  + stars: | 2023-03-31 | by ( Jinjoo Lee | ) www.wsj.com   time to read: 1 min
After years of uncertainty, last year’s Inflation Reduction Act finally gave America’s renewable-energy industry a long, green signal. Now the economy is blocking the road. The wind and solar industries have always suffered from the short-term nature of subsidies, with federal tax credits often extended in nail-biting one-year increments. Last year’s climate bill changed that, giving the industry subsidies that last at least a decade. But just as policy winds blow in their favor, two critical growth drivers—interest rates and equipment costs—are moving in the wrong direction.
The Department of Health and Human Services is providing outreach and guidance to assist states with Medicaid’s eligibility redeterminations. WASHINGTON—Millions of people are poised to lose Medicaid coverage after the recently enacted omnibus spending bill changed the healthcare program’s enrollment rules, and congressional Democrats and the Biden administration are working to steer eligible people to other types of coverage. The coverage losses are expected because states that received extra Medicaid funding under a 2020 Covid-19 relief bill had to agree to pause beneficiaries’ eligibility verifications. The continuous enrollment in the state-federal program for the low income and disabled was set to end when the health emergency is over, likely sometime in 2023.
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