Oh good grief, I feel like we're in an Oprah parody: "You get an all-time high and you get an all-time high and you..."
(GE Vernova and Quanta Systems, along with a few score others hit new ATHs today)
From Bloomberg via Yahoo Finance, July 14:
President Donald Trump will announce $70 billion in artificial intelligence and energy investments in Pennsylvania on Tuesday, the latest push from the White House to speed up development of the emerging technology.
Trump is expected to share details of the new initiatives at an event outside Pittsburgh, according to an administration official, who spoke on the condition of anonymity to discuss the planning. Investments from a range of companies will include new data centers, power generation expansion and grid infrastructure upgrades, along with AI training programs and apprenticeships, the official added.Trump will be joined by Republican Senator David McCormick who’s hosting the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University. AI and energy leaders, including as many as 60 executives, are expected to attend. Among those slated to participate are BlackRock Inc.’s Larry Fink, Palantir Technologies Inc.’s Alex Karp, Anthropic’s Dario Amodei, Exxon Mobil Corp.’s Darren Woods and Chevron Corp.’s Mike Wirth, the official said.
Blackstone Inc.’s Jon Gray is expected to announce a $25 billion project for data-center and energy infrastructure development and a joint venture to increase power generation, which is expected to create 6,000 construction jobs annually and 3,000 permanent jobs, according to Jake Murphy, a spokesman for McCormick....
....MUCH MORE
If you are going to hold an innovation summit Carnegie Mellon is a dandy place to hold it.
See if interested:
Interview: Manuela Veloso Head of Machine Learning, Carnegie Mellon University
Our readers probably know Carnegie Mellon more for the top-ranked financial engineering program (Master of Science in Computational Finance) but artificial intelligence was pretty much invented at CMU by Herbert Simon and Allen Newell. Simon received the Nobel in Economics but it actually could have been for any of four or five subjects, he was quite the polymath.
Newell had to settle for the Turing award (along with Simon) from the Association for Computing Machinery, probably the root'in-tootin high-falootinest tchotchke in the computer biz.
The Association for the Advancement of Artificial Intelligence along with the ACM subsequently named an award in Newell's honor. Ditto for CMU.
The University's machine learning department was the first in the world to offer a doctorate and as far as I know is still the largest.
A department, for one branch of AI.
Carnegie-Mellon used to have a world class robotics Institute but Uber gutted it with a combination of cash and stock options leaving a Dean and a couple robots to rebuild.
One of the robots is said to be in advanced negotiations with the Ube-sters.
Anyhoo....
So You Want To Be A Quant: The Best Schools For Your Financial Engineering Degree
Archaeology: "Previously Unknown Warhol Works Discovered on Floppy Disks from 1985"
You Understand Why Mr. Son and SoftBank Are Circling Uber, Right?
"Uber Is Stealing Scientists, But Only So It Can Lay Off Drivers"
Big Money: Uber Guts Carnegie Mellon Robotics Lab To Hire Autonomous Car Developers
Raising money at a $600 illion zillion fafillion valuation allows you to buy pretty much anything.
The way this is going to pan out is: you won't be able to own the vehicle but its use will be mandated. The car is autonomous but the people aren't....
