logo
Meta Secures Nuclear Energy In 20-Year Illinois Plant Deal

Meta Secures Nuclear Energy In 20-Year Illinois Plant Deal

NDTV4 days ago

Facebook owner Meta announced Tuesday a 20-year nuclear energy agreement with US-based Constellation Energy to secure power from a nuclear plant in the state of Illinois.
The investment marks big tech's latest move to meet surging electricity demand from artificial intelligence, with Microsoft, Google and Amazon also turning to nuclear power as an energy source.
Under the deal, Meta's unspecified investment will replace state government subsidies to keep the Clinton Clean Energy Center operating beginning in 2027, offering the facility a crucial lifeline.
The project, which takes over the plant's total electric output, will provide 1,121 megawatts of nuclear energy to support Meta's regional operations while adding 30 megawatts of incremental capacity to the electricity grid, the company said.
"As we look toward our future energy needs in advancing AI, we recognize the immense value of nuclear power in providing reliable, firm electricity," Meta said in the announcement.
The move comes as tech companies scramble to secure stable, clean energy sources to power energy-intensive AI data centers.
Nuclear energy has gained renewed attention as companies and governments seek reliable, carbon-free power to meet climate goals while supporting growing electricity demands from data centers and AI operations.
According to the International Energy Agency, electricity consumption by data centers is projected to more than double by 2030, creating significant challenges for securing adequate energy as AI usage accelerates.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

FinTech push: Infosys opens GIFT City centre for BFSI digital services; new hub to house over 1,000 employees in hybrid model
FinTech push: Infosys opens GIFT City centre for BFSI digital services; new hub to house over 1,000 employees in hybrid model

Time of India

time27 minutes ago

  • Time of India

FinTech push: Infosys opens GIFT City centre for BFSI digital services; new hub to house over 1,000 employees in hybrid model

Infosys on Saturday announced the opening of its new development centre at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, marking a strategic expansion of its presence in India's premier international financial hub. Tired of too many ads? go ad free now The Bengaluru-based IT major said the facility will support more than 1,000 employees in a hybrid working setup and serve as a key TechFin hub delivering advanced digital solutions for global clients in the banking, financial services and insurance (BFSI) sector. 'This centre will offer a state-of-the-art facility for over 1,000 employees in a hybrid working model. It will function as a key TechFin hub, delivering advanced digital solutions for global BFSI clients,' Infosys said in a statement, as quoted an ET report. The centre will provide services in digital banking, capital markets, trade finance, regulatory and compliance functions, cards and payments, and risk management. It will also harness technologies such as AI, generative AI (GenAI), cloud, API, cybersecurity, and blockchain to enable cross-border digital solutions. According to the company, the GIFT City hub aligns with Infosys's global delivery strategy and strengthens its capabilities in delivering seamless tech-enabled financial services. 'Setting up our development centre in GIFT City is a strategic step aligned with our vision of leading innovation in financial services from within India's foremost international financial hub," said Jayesh Sanghrajka, chief financial officer, Infosys. Designed as a future-ready hybrid workplace, the centre will also focus on enhancing productivity and fostering collaboration, the company said.

Amazon to restore 400M litres of water yearly to Yamuna watershed near Delhi
Amazon to restore 400M litres of water yearly to Yamuna watershed near Delhi

Hindustan Times

time29 minutes ago

  • Hindustan Times

Amazon to restore 400M litres of water yearly to Yamuna watershed near Delhi

New Delhi: Corporate giant Amazon has initiated a water replenishment project for the Yamuna River watershed near Delhi, which aims to restore over 400 million litres of water annually. Announced during Amazon's Water Dialogues 2025 event in New Delhi on Thursday, the project aims to address the 'region's critical groundwater decline exacerbated by urban sprawl and over-extraction.' The initiative, implemented in partnership with ecosystem restoration firm Hasten Regeneration, will feature a groundwater recharge programme. It combines the rehabilitation of existing water infrastructure, including check dams and ponds, besides working towards the construction of new water-saving structures such as percolation pits and recharge shafts. Additionally, Amazon will be planting vegetation around these structures to prevent erosion, increase the moisture in soil, and improve local landscapes. Rehabilitation sites will be selected within the Yamuna River watershed. Hasten will collaborate with 2023 National Water award winner Arpan Seva Sansthan and Bengaluru-based water consultancy Clear Water Dynamics, selecting strategic sites within the Yamuna basin. Abhinav Singh, vice president of operations, Amazon India & Australia said that the initiative 'represents a significant step toward our goal to replenish more water than we use in India by 2027.' Biju Janata Dal (BJD) MP Sasmit Patra who was the keynote speaker at the event said,'The inaugural Water Dialogues... marks an important step in advancing collaboration around India's pressing water challenges... We welcome this effort to encourage greater private sector engagement.' The Water Dialogues event convened policymakers, including Niti Aayog's Yugal Joshi, water conservationist Anand Malligawad, and other stakeholders to discuss water sustainability solutions.

China leaders take reins at TikTok Shop in US as sales miss goal
China leaders take reins at TikTok Shop in US as sales miss goal

Time of India

timean hour ago

  • Time of India

China leaders take reins at TikTok Shop in US as sales miss goal

ByteDance Ltd., TikTok 's parent company, has been replacing US-hired staff near Seattle with leaders connected to China, aiming to replicate its e-commerce success in Asia after sales fell short in America. TikTok Shop initially set a goal to increase its US e-commerce business tenfold last year to $17.5 billion in transaction volume, but the company had to drastically lower that goal, according to people familiar with the plan who spoke on condition of anonymity because they were not authorized to talk publicly. TikTok established its Shop business in the Seattle area near Inc., the online retail giant it was aiming to displace. Meetings that used to be held in English are now often conducted in Mandarin and managers increasingly write in Chinese when communicating on Feishu, ByteDance's internal Slack-like app, with English-speaking staff forced to rely on the built-in translation function. More than 100 TikTok Shop employees in the US have been fired or have left amid confusion between leaders that has worsened the work environment, according to people familiar with the company. The cultural transition taking place in the company coincides with its fight for survival in the US — due mainly to the app's Chinese ties. A national security law passed by Congress last year requires TikTok's US business to be spun off from its Chinese parent company or it will face a ban. Lawmakers warned that TikTok's ties to China pose a threat to the safety and security of American users. President Donald Trump has twice delayed the ban — with legal assurances from his attorney general — and another deadline for divestiture looms later this month, though that might also be extended, Wall Street Journal has reported. ByteDance has said it doesn't intend to sell. The TikTok Shop near Seattle in February began requiring workers to be in the office five days a week for eight hours a day, according to a memo reviewed by Bloomberg. The change is in contrast to some other major tech companies that still offer flexible work schedules, and has been particularly burdensome for employees who often join late-night calls with colleagues in Asia after they leave the office, according to former employees. US-based staff require human resources and manager pre-approval to work from home. The changes were introduced after Bob Kang, China-based global head of TikTok's e-commerce division, visited the office in Bellevue, Washington, earlier this year and found there weren't enough staff pressent on a work day, according to multiple people who spoke on the condition of anonymity for fear of retaliation. Increasing influence Increasing Chinese influence over TikTok's fastest-growing business may raise questions about its previous corporate promise to distance the US operation from China. After Trump initially tried to ban the app during his first term, the company announced a security plan dubbed 'Project Texas' and vowed to wall off the app's US data and operations from any Chinese oversight. TikTok Shop is the biggest source of revenue for the video-sharing app besides advertising, and it has become a major investment area for ByteDance. Adding full-scale commerce to its eye-catching content and popular influencers sets it apart from rivals like Instagram and YouTube. The company still aims to challenge Amazon in major markets. To better compete, TikTok Shop recruited aggressively near Seattle over the past three years, targeting people with experience at Amazon, according to a review of Linkedin profiles and people who worked at both companies. In some corners of TikTok's Bellevue office of roughly 1,000 employees, the workflow felt like a remix of previous Amazon teams, the people said. But since January, growing tension in the teams below Kang and Nico Le Bourgeois, who oversaw TikTok's e-commerce operations in the US, became a distraction for staff who were often unsure about whose orders to follow, the people said. TikTok's uncertain fate in the US also weighed on morale. The company carried out a round of layoffs in April. A second batch followed in May. In the first round, Le Bourgeois was demoted when Mu Qing, a Chinese executive from ByteDance's e-commerce platform Douyin moved to the Seattle area to run TikTok Shop in the US. After the second bout, Mu sent an internal message saying Le Bourgeois was leaving to pursue other opportunities, according to a copy of the message seen by Bloomberg. Those cuts were intended to improve TikTok's 'efficiency,' according to former employees, though it wasn't clear to staff what factors contributed to a worker's efficiency rating. More like Douyin With these changes, ByteDance leaders are bringing in people who are familiar with what worked for the company in China, where Douyin, its TikTok clone for the Chinese market, has evolved into a $490 billion shopping phenomenon. In addition to Mu, who was the head of Douyin's e-commerce, six other leaders with Chinese backgrounds were appointed in April, according to a different internal memo from Kang viewed by Bloomberg. One challenge is that habits of many American users trend toward passive TikTok scrolling as opposed to making purchases in the app. Some US sellers told Bloomberg that they have also been reluctant to invest in the platform, given the possible ban. The final tally for 2024 sales came in at around $9 billion, according to an estimate by Singapore-based consultancy Momentum Works, far below the internal goal of $17.5 billion in transaction volume. A TikTok spokesperson previously called the $17.5 billion internal goal 'inaccurate.' TikTok Shop's US struggles haven't halted the company's global shopping ambitions. ByteDance in 2021 rolled out e-commerce services in countries including Indonesia, Vietnam and the UK. In Southeast Asia, it's already the region's biggest shopping platform after Shopee, according to Momentum Works. Last year, TikTok Shop opened in five countries in Europe, including Germany and Spain. The Europe expansion was delayed because the company first prioritised US growth, Bloomberg reported. A TikTok spokesperson did not respond to an emailed request for comment for this story. This is a crucial month for TikTok in the US. The company will host merchants and creators in Los Angeles next week for a summit featuring some of the new leaders of the e-commerce unit. The current deadline for ByteDance to sell the TikTok's US operation is June 19 and there have been several interested suitors. The company came close to a possible spin-off in April to a consortium of investors that included Oracle Corp., but the deal was scuttled in part because of Trump's trade war with China. Meanwhile, the churn of e-commerce employment continues in the Seattle area. Current and former TikTok Shop employees told Bloomberg that they get hounded by recruiting messages from Temu , another Chinese e-commerce competitor.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store