Monday, June 30, 2025

SCMP: "Video teases new Chinese blackout bomb that can knock out enemy power stations"

I'm starting to think this whole "electricity" thing might be important.

From the South China Morning Post, June 29:

Animation shared by state broadcaster shows what appears to be graphite bomb designed to disrupt command and control systems 

China’s state broadcaster posted a video on Thursday featuring what appeared to be a new type of graphite bomb that it said could knock out enemy power stations and cause a “complete loss of electricity” across a targeted area.

A social media channel run by CCTV shared an animated video showing the weapon being launched from a land-based vehicle before ejecting 90 cylinder-shaped submunitions.

These canisters bounced upon impact before detonating mid-air, dispersing fine, chemically treated carbon filaments designed to short-circuit high-voltage power infrastructure.

The weapon aims to disrupt enemy command and control systems by triggering widespread electrical outages over an area of at least 10,000 square metres (107,639 sq ft), according to the channel.

CCTV cited an account from the state-owned China Aerospace Science and Technology Corporation (CASC), a contractor affiliated with the Ministry of National Defence.

However, the broadcaster offered no details about the weapon’s designation or its status. It referred to the weapon as “a mysterious type of domestically made missile”. It remains unclear which stage of development it has reached, or if it has been deployed by the Chinese military.

While CCTV did not explicitly identify the weapon as a graphite bomb, its characteristics closely match known graphite munitions.

According to the video, it has a range of 290km (180 miles) and a warhead weighing 490kg (1,080lbs), making it suitable for attacks on military substations and other electrical infrastructure....

....MUCH MORE, including video. 

https://i.imgflip.com/59oz5w.jpg 

Via imgflip 

"Meta shares hit all-time high as Mark Zuckerberg goes on AI hiring blitz" (META)

 From CNBC via NBC-4, New York, June 30:

  • Meta shares hit a record high on Monday, underscoring investor interest in the company's new AI superintelligence group.
  • The company's shares reached $747.90 during midday trading, topping Meta's previous stock market record in February when it began laying off the 5% of its workforce that it deemed "low performers."
  • Meta CEO Mark Zuckerberg has been on an AI hiring blitz amid fierce competition with rivals such as OpenAI and Google-parent Alphabet.

Meta shares hit a record high on Monday, underscoring investor interest in the company's new AI superintelligence group.

The company's shares reached $747.90 during midday trading, topping Meta's previous stock market record in February when it began laying off the 5% of its workforce that it deemed "low performers."

Meta CEO Mark Zuckerberg has been on an AI hiring blitz amid fierce competition with rivals such as OpenAI and Google-parent Alphabet. Earlier in June, Meta said it would hire Scale AI CEO Alexandr Wang and some of his colleagues as part of a $14.3 billion investment into the executive's data labelling and annotation startup.

The social media company also hired Nat Friedman and his business partner, Daniel Gross, the chief of Safe Superintelligence, an AI startup with a valuation of $32 billion, CNBC reported earlier this month. Meta's attempts to buy Safe Superintelligence were rebuffed by the startup's founder and AI expert Ilya Sutskever, the report noted.

Wang and Friedman are the leaders of Meta's new Superintelligence Labs, tasked with overseeing the company's artificial intelligence foundation models, projects and research, a person familiar with the matter told CNBC.

Bloomberg News first reported about the new superintelligence unit.

Meta has also snatched AI researchers from OpenAI. Sam Altman, OpenAI's CEO, said during a podcast that Meta was offering signing bonuses as high as $100 million....

....MORE 

Earlier at NBC-4 - Mark Zuckerberg announces creation of Meta Superintelligence Labs. Read the memo 

Media: "Are You a $300,000 Writer? Inside The Atlantic’s extremely expensive hiring spree"

From New York Magazine's Intelligencer, June 19:

Every Tuesday afternoon, many of The Atlantic’s newest, biggest stars gather for a meeting of what is called “the A-Team.” The Google Calendar invite goes out to 18 staffers, more than half of whom joined the magazine in the past six months and almost all of whom have been poached from the Washington Post, including Ashley Parker, Isaac Stanley Becker, Nick Miroff, Shane Harris, Missy Ryan, Jenna Johnson, and Michael Scherer. More veteran Atlantic heavyweights like Mark Leibovich, Tim Alberta, McKay Coppins, and Elaina Plott also are invited, as are the top brass, including editor-in-chief Jeffrey Goldberg and his deputy, Adrienne LaFrance. The organizer of the meeting is Griff Witte, who joined The Atlantic from the Post in January as a managing editor to lead the politics and accountability team.

That’s what the A in A-Team technically stands for: accountability. But it’s not hard to see another connotation, as it also refers to a group of bigwig journalists who have been hired at enormous cost. Nor is it difficult to understand why others at the magazine, the B-teamers by implication, have been rolling their eyes at it.

The Atlantic has been on a hiring spree this year, announcing the addition of roughly 30 editorial staffers since January. Nine of them came from the Post, whose implosion under Jeff Bezos coincided swimmingly with The Atlantic’s drive to double down on political reporting during the second Trump administration. Posties were looking to jump ship, and The Atlantic, which last year became profitable and crossed the threshold of 1 million subscribers, had the money to get them. The magazine, which is owned by Laurene Powell Jobs, has been offering salaries in the $200,000–to–$300,000 range, according to multiple people familiar with the hiring process. A conservative estimate suggests the magazine has added nearly $4 million in salaries to its annual budget, not to mention the expensive investment in new games it announced earlier this month.

“It’s always nice to see people throwing money at journalism, but Jesus Christ, they’re throwing a lot of money, and I’m not sure how it’s sustainable,” said an editor at a competing publication. “The salaries they’re offering are head and shoulders above what the market is for here, and they’ve hired some very good people, but I think it’s going to get crowded there very quickly.” And there are more A-Team additions to come: The Atlantic has just hired Toluse Olorunnipa, currently the Post’s White House bureau chief, and Nancy Youssef, who covers national security for The Wall Street Journal.

The creation of a new echelon of writers at The Atlantic is naturally a source of tension. A quirk of the magazine is that all writers have the same title — staff writer — which means there are huge pay disparities among colleagues of the same rank. “There are very clear hierarchies within that title within the publication, but they’re not delineated in any formal way, which makes it really frustrating to look around and be like, ‘I have the same title as this person but my job is totally different and there’s no clear path to progress toward having those circumstances,” said one former Atlantic staffer. “It’s part of why I think a lot of relatively young people have left in the past couple of years.” Nine women, many of them on the younger side, have left since the end of April 2024. Meanwhile, plenty of longtime staffers continue to labor away for far less money than their newer peers; the salary floor for edit staff was $69,000, according to the contract the union reached last year.

There is also a sense that Goldberg, a gregarious man-about-Washington who is known for his sharp elbows, can’t resist the allure of one-upping his rivals. “Jeff loves sexy hires. He loves to make another publication look foolish, to look like they got got,” a former Atlantic staffer said. “This happened a few times when I was there: Jeff would see a shiny object and suddenly there’d be someone new on your desk.” Or, in this case, a whole new team.

Still, it’s rare to see a media company not only turning a profit but putting that money back into its journalism. The Atlantic is betting on big-ticket reporting at a time when Google’s new AI tools are eating away at what’s left of search traffic and social-media platforms have pivoted away from news. As one Atlantic writer put it, “Who’s got it better? Only a handful of places exist and only a handful of places are literally saying, ‘Quality is all that matters.’ If anybody is unhappy, I’d think even they know well enough to be like, I’m just going to keep that to myself.

Whatever The Atlantic is doing, it’s working. In March, the scoop of a lifetime landed in Goldberg’s lap when he was inadvertently added to a Signal chat group in which Trump’s national-security team was planning a military attack on Yemen. (“I feel lucky but not as lucky as Jeffrey Goldberg,” Graydon Carter said at a party this spring for his book launch. “Easiest scoop ever. Fuck!”) In the week after breaking the story, the magazine added about 100,000 new subscribers, and today it has more than 1.3 million subscribers at $80 a pop. The question for its newly expanded team is whether it’s going to mess with The Atlantic’s successful formula or enhance it, now and beyond the Trump era.

This isn’t the first time Goldberg, who declined a request for an interview, has tried to push the magazine in a newsier direction, and over the years he has made comments to colleagues about his ambition to compete with major papers like the Post. During the first Trump administration, The Atlantic hired a handful of reporters from digital media or newspaper backgrounds to cover politics and policy in a bid to expand its digital reach and be more relevant in the daily conversation. These writers included Rosie Gray (from BuzzFeed News), Edward-Isaac Dovere (Politico), Peter Nicholas (the Journal), and Natasha Bertrand (Business Insider). None of these people still work at The Atlantic....

....MUCH MORE 

Over the years we've had some posts that may be of interest. One that comes to mind on the Atlantic is:

More On Truth Decay: Spies, Lies And Journalisming

And a couple on big money journalism:

"The story of Ernest Hemingway’s $187,000 magazine expenses claim"

which itself links to our earlier: 

Why Aren’t Top Journalists Rich?

"Hedge fund strategy built on catastrophes taps a hot new trend"

Parametrics can result is some odd-looking payouts and are susceptible to gaming by those offering the product. More after the jump.

From The Edge, Singapore, June 30:

One of the most successful hedge fund strategies of recent years — insurance-linked securities — is latching on to an old idea whose popularity is suddenly soaring.

Parametric insurance, where policyholders get quick payouts if weather-related metrics are met, used to be the preserve of small businesses and farmers in developing countries. Now, it’s a rapidly growing market luring large corporations across the rich world.

Sebastien Piguet, co-founder and chief insurance officer at Descartes Underwriting, says parametric models are filling a gap left by other types of insurance policies. That’s as climate change and more frequent extreme weather events challenge standard coverage models.

“It’s much more challenging to find capacity for this kind of coverage with traditional insurance,” he said.

Companies using parametrics now include French pharmaceutical firm Sanofi, telecommunications company Liberty Latin America and renewable energy investor Greenbacker Capital Management. The market for such products is estimated to almost double to US$34 billion ($43.29 billion) in the decade through 2033.

It’s a shift that’s caught the attention of ILS investment managers. Insurance-linked securities, which a Preqin ranking listed as the best-performing hedge fund strategy of 2023, have long focused on catastrophe bonds.

Typically issued by insurers and reinsurers, investors in the bonds make money if predefined triggers like wind speed or insured losses aren’t met, and lose money if they are.

In recent years, that model has generated market-beating returns.

Investment funds based on parametric insurance have the potential to beat cat bond returns, according to Rhodri Morris, a portfolio manager at Twelve Securis. The Zurich-based US$8.6 billion alternative investment manager, which specialises in catastrophe bonds, launched the Lumyna-Twelve Capital Parametric ILS Fund together with Lumyna Investments in February.

“We aim to return a couple of percentage points above the cat bond market,” Morris said in an interview.

The fund, which is the first of its kind, has so far attracted about EUR85 million ($127 million) of capital. Morris says the expectation is that it will draw as much as EUR200 million next year.

A key attraction for investors is they can avoid so-called trapped capital, according to Morris. Investors in cat bonds sometimes wait for months — or even years — before loss rates are assessed and payouts settled. Investors in a parametric fund will generally know within days whether an underlying insurance contract has paid out or not.

The Lumyna-Twelve parametric fund has drawn “genuine interest” from investors, Morris said. But they’ve also had questions, and there’s a number of important factors to consider, he said.

“Investors need to understand that you’re giving up liquidity in some part of the portfolio,” Morris said. “But the benefits you’re getting are higher returns and the lack of trapping.”....

....MUCH MORE 

Some posts on parametric insurance:

April 2020
"World Bank pandemic cat bonds & swaps not triggered for payout yet"
I'll recycle the introduction we used a month ago:

"Coronavirus: The World Bank should care that the public does not understand its pandemic bonds"

Although the WHO declaration of "PANDEMIC" was not required for payout you'd think the money would have started flowing right? I mean both of the important triggers tripped, secondary markets have already marked the riskiest tranche down to zip but none of the relatively paltry $320 million has started moving.

As we said during the last Ebola pandemic, these things appear to be designed and structured to not pay out.

Here with some defense is EuroMoney:...

...The 3-year notes mature in July 2020.
For our outro, some more recycling, this time from February [2020]:

World Bank Pandemic Catastrophe Bond Under Pressure As Coronavirus Spreads

I have become convinced these things were designed to NOT pay.
As noted previously:
Reinsurance: "No coronavirus price response from World Bank’s pandemic cat bond yet"
We saw with Ebola that, even after both triggers—1) a minimum 250 victims and 2) the crossing of an international border—were reached, the World Bank's Pandemic Emergency Facility was very reluctant to declare the payout, eliciting some snark from yours truly:
"And if the cross-border contagion is reported on a day ending in a 'Y' all contracts will be null-and-void and coverage denied."
July 2020
Re/Insurance: Chubb Proposes Giant $1.25 Trillion Pandemic Facility
Two quick points:
1) Insuring against pandemics is frightfully complicated meaning lots of opportunity to structure product to ones advantage.
2) Be wary of your friendly neighborhood re/insurance salesman, even if he is as down-home and folksy as that fellow from Omaha.

Much less the verzekering/herverzekering or London or München boys and girls....

November 2021
"COP26: Munich Re calls out global failure to hit $100bn climate finance goal"

Huh.

....As noted in the intro to October 11's Cat Bonds/Reinsurance: "City of Zurich pension to double insurance-linked securities allocation":

The next time Munich Re starts moaning about climate change and how we're all going to die, or at minimum go broke, just remember reinsurance/cat bonds are a for-profit business and that some folks a couple hundred miles southwest of München, who might have access to some very sharp minds in the reinsurance/cat bond business, seem to think this is a profitable place to put some longer term money.
Ditto for Covéa, they seem to think they can make a go of it, come hell or high water.
(a little reinsurance/cat bond wordplay)

October 2023
"Weather derivative market activity soars on belief extremes to increase: Report"

Action, baby, action!
We will be looking for the first reports of the proverbial "dentist from Peoria" (Los Angeles Times, Jan. 21, 1989) stepping up to the betting window....
January 2025
"Why catastrophe bonds are failing to cover disaster damage"
It is a financial contract, read the fine print.
From The Economist...

*** 

“If you’ve been in the game 30 minutes and you don’t know who the patsy is, you’re the patsy.”
-Poker proverb used by Warren Buffet in his 1987 Letter to Shareholders

As an old insurance bigwig (not Mr. B) once said to me, "These things are for writing, not buying

***

Somewhat related (reaching for returns), June 2025:

Ummmmm—Tokenized Real World Assets: Reinsurance Products Targeting 20% And 42% Returns
Grandmother always said "If you are getting more than the risk-free rate of return you are taking on risk somewhere." She was really emphatic about that....

Meanwhile In Britain, James Dyson Is Growing Strawberries (A Lot of strawberries)

From LincolnshireLive, June 28:

How robots are keeping strawberries growing year-round at James Dyson's Lincolnshire farm 
The advanced robots select and pick the ripest fruit and ward off any insect predators

Dyson's 26-acre Lincolnshire glasshouse has produced more than 1,250 tonnes of high-quality British strawberries and is now growing the fruit all year round.

The glasshouse is full of advanced robots which select and pick the ripest fruit through vision sensing, physical manipulation and robotic secateurs. There are other robots on the site which glide on the rails next to the plants and shine UV light on them at night to prevent mould growth.

James Dyson said: "Growing things is rather like making things – I am a manufacturer, and I have approached farming from that point of view. I also believe Britain should grow its own food – it’s important from a food security perspective and also in terms of quality....

....MUCH MORE 

I wonder if he'll re-re-re-domicile back to Singapore, this seems like a natural for the overachieving island. 

October 2020 - Dyson Sells Singapore Penthouse For $46 Million (USD)

It wasn't that long ago (8:34 am PDT, October 23, 2018) that we were posting: 

"Dyson chooses Singapore for first electric car plant"

I like Singapore although it is a bit authoritarian.
The people are bright, usually the highest average I.Q. in the world, sometimes #2 to Hong Kong.
In the case of Singapore the I.Q. thing is especially interesting as their average is higher than that of any of the genetic pools the city-state draws from: the Chinese, Malay and Indian.

As a Malaysian Chinese businessman I know has told me, "We should never have let Singapore get away."

Another back-and-forth with Hong Kong is income/wealth. HK has more billionaires but Singapore has a higher average income.
And then there are the Gurkhas. More after the jump.....

But then he pulled the plug, so to speak, on the car project and now this, from Malaysia's The Star...

We have a few dozen posts on the company and on Sir James. Here's one from 2016:
"James Dyson on 5,126 Vacuums That Didn’t Work— and the One That Finally Did"

Electricity Generation: "US gas-fired turbine wait times as much as seven years; costs up sharply" (GEV)

As noted introducing June 15's "Electricity: "Report Says 130 New Gas-Fired Power Projects Proposed in Texas" (GEV)":

If all these proposals go forward GE Vernova would probably have to buy Siemens' gas turbine business just to keep the backlog to fifteen years or less. 

From S&P Global, May 27 

HIGHLIGHTS

  • Extremely high demand for turbines
  • Costs up 2.5 times in some markets

With demand for natural gas-fired turbines in the US rapidly accelerating amid power demand growth forecasts driven by AI, manufacturing, and electrification, wait times for turbines are anywhere between one and seven years depending on the model, and costs have increased considerably, experts told Platts.

As of February, original equipment manufacturers, or OEMs, "are quoting upwards of five to seven years if you are trying to order [a gas-fired turbine] right now," Bobby Noble, senior program manager for Gas Turbine Research and Development at EPRI, formerly known as the Energy Power Research Institute, said.

It does vary and some may be shorter than that, "but the fact is there's a huge buildout in growth occurring," he said.

"Three to four years sounds about right if you are not already in the queue for a turbine," Paul Sotkiewicz, president and founder of consultant E-Cubed Policy Associates, said. Sotkiewicz also served as chief economist of PJM Interconnection's market services division.

"We are seeing this across all the components needed to build a gas-fired power plant," Sotkiewicz said.

Some US regions are increasing gas-fired capacity more than others and right now data center growth is a big factor.

"Gas-fired turbines are one of the prime abilities to increase your capacity, especially on the order of what some of these data centers are looking at," Noble said.

If a data center campus needs a gigawatt-plus of power to meet demand, a two-on-one combined cycle gas turbine facility is very much capable of supplying that sort of need, he said.

"PJM, for sure, is one of those markets," Noble said.

Highlighting interest in PJM, NRG Energy said May 12 the company plans to acquire 13 GW of gas-fired generation capacity, and 6 GW of virtual power plant capacity owned by LS Power Development that have an overall enterprise value of $12 billion.

Acquiring the LS Power portfolio will increase NRG's presence in the US Northeast by 11 GW, with about three-quarters of that capacity in PJM and the remainder is in the ISO New England and New York Independent System Operator markets.

The major OEMs are also reporting solid orders for new gas-fired turbines, up significantly from just a few years ago.

"There is no question that gas turbine demand has clearly increased, especially when you consider that the market for large gas turbines for power generation applications in the United States in 2022 was limited to one -- the lowest total ever reported," Rich Voorberg, president of Siemens Energy, North America, said in an email.

Strong gas-fired turbine demand
"With the gas turbine sales and reservations that we've transacted over the past six months alone, we will add dozens of gas turbines to our operating fleet in North America," Voorberg said.

Orders in the respective business area within Siemens Energy more than doubled worldwide compared to the same quarter in fiscal year 2024, he said.

In Q2, Siemens Gas Services recorded the highest orders in a quarter to date, the company said during its earning call.

In the US, the company has planned gas turbines with a total capacity of 8 GW for data centers in the first half of the year, which includes 2 GW as booked orders and 6 GW as firm reservations....

....MUCH MORE 

Here's more on PJM, February 12:

"Nation's Largest Grid To Fast-Track NatGas Power Plants To Fuel Next AI Trade" (GEV)

"Canada rescinds digital services tax to advance broader trade negotiations with the United States"

This was the tax that led to President Trump breaking off trade discussions last week. (CNN Friday June 27)

From the Government of Canada, Department of Finance, June 29:

News release

June 29, 2025 - Ottawa, Ontario - Department of Finance Canada

Canada’s new government is engaged in complex negotiations on a new economic and security partnership with the United States, focused on getting the best deal for Canadian workers and businesses. Prime Minister Carney has been clear that Canada will take as long as necessary, but no longer, to achieve that deal.

To support those negotiations, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States. Consistent with this action, Prime Minister Carney and President Trump have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025....

....MUCH MORE 

"Sunrun, Enphase Stocks Fall on Senate Bill Surprise. Why This Solar Company Is Shining" (FSLR; GEV)

From Barron's June 30: 

Sunrun, Enphase Energy and other solar stocks were falling in premarket trading Monday after the latest version of the Senate’s big tax and spending bill delivered a surprise blow to the sector.

The draft bill would phase out tax credits for large-scale wind and solar projects by the end of 2027—earlier than in previous drafts. Projects must now be in service by Dec. 31, 2027 to qualify. The latest version also includes a surprise new tax on projects that use supplies from China, the world’s biggest source of renewable energy equipment.

Enphase Energy fell 4.8% ahead of the open Monday, while Sunrun pointed 4% lower, SolarEdge plunged 7%.

However, it wasn’t all doom and gloom for the industry—shares of First Solar, the largest U.S. solar manufacturer jumped 3.5% in premarket trading. GE Vernova, another clean energy manufacturer, rose 1.1%....

....MORE

Politico titled their story (June 28): 

‘Kill shot’: GOP megabill targets solar, wind projects with new tax

Sunday, June 29, 2025

Senior Iranian Cleric Issues Fatwa Re: President Trump

First up, from an Iranian-American human rights pressure group, the National Union for Democracy in Iran (NUFDI), June 29:

Media Advisory: Grand Ayatollah Issues Fatwa Calling for Murder of President Trump 

Iran-based Shia Grand Ayatollah Naser Makarem Shirazi has issued a signed and sealed Fatwa (religious edict) in response to an Estefta (formal religious query), declaring U.S. President Donald Trump “Mohareb” (an enemy of Allah), and has called on “Muslims of the world” to kill the U.S. president, promising them rewards befitting “warriors of Allah.”

The Fatwa has been released by the office of the Grand Ayatollah and published by Islamic Republic state media, including the government-affiliated ISNA, IRGC-linked Fars News and Tasnim News, and Tehran municipality-run Hamshahri

The family of Ayatollah Ruhollah Khomeini, the Islamic Republic’s founder and first Supreme Leader, has also indirectly endorsed the murder Fatwa, with their news outlet Jamaran publishing and promoting the text.

Text of the Estefta (Formal Religious Query): 
“To blessed Ayatollah Makarem Shirazi, Marja [religious guide] of Shia Muslims of the world,

Over the past few days, U.S. President [Donald Trump] and leaders of the Zionist regime have threatened to assassinate the Supreme Leader [Ayatollah Ali Khamenei] and other religious leaders.

We implore you to declare what the religious edict [and required response] is for threatening the religious guide and leader of Islamic society. And Allah forbid, if such an act is carried out by the American government or anyone else, what would be the responsibility of every Muslim across the world?

May Allah protect and preserve all religious leaders and the Supreme Leader in the shadow of [Imam Mahdi, the 12th Shia Imam and the promised savior in the sect], and remove the threat of the infidels and enemies of Allah’s faith.

[Signed]: A group of believers and Muslims.”

Text of the Fatwa (Religious Edict): 
Anyone who aims to harm the Muslim Ummah [global community of Muslims] and threatens the Supreme Leader or other religious leaders or, Allah forbid, strikes out, is hereby declared Mohareb [enemy of Allah].

Any collaboration with or assistance to them is Haram [forbidden] for Muslims and Islamic states.

It is upon all Muslims across the world to make these enemies regret their words and their wrongdoing, and if harm or hardship befalls them, they will be rewarded as Mojaeh [warriors] in the path of Allah, if Allah wills it.

May Allah protect the Islamic society and hasten the arrival of [Imam Mahdi, the 12th Shia Imam and the promised savior in the sect].

What Does Mohareb Mean? 
Mohareb is the subject or agent that carries out the act of “Moharebeh,” also spelled “Moharibah,” which is widely translated as “enmity against Allah,” or “waging war against Allah” in English.

Surah Al-Ma’idah, Ayat 33 (5:33 Quran) says: “The penalty for those who wage war against Allah and His Messenger and spread corruption on the Earth is death, crucifixion, cutting off their hands and feet on opposite sides, or exile from the land. This [penalty] is a disgrace for them in this world, and they will suffer a tremendous punishment in the Hereafter.”

As per Article 279 of the Islamic Penal Code in effect in Iran, Moharebeh is punishable by death. The charge is regularly used against dissidents.

Additional Notes....
....MUCH MORE

And from the Tehran Times, June 29

Fatwas draw a red line: No tolerance for threats against Ayatollah Khamenei 

TEHRAN – The Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei, is more than just a political leader; he is a deeply revered religious figure. As a Marja' al-Taqlid in a position of power, people not only seek his guidance to resolve questions of Islamic law and ethics, but also view him as a central guardian of their faith and its values.

This religious standing of Ayatollah Khamenei is something U.S. President Donald Trump seems to have failed to take into account in the past few weeks, during which he has made several threats of assassination against the Iranian Leader. 

Trump said during Iran’s 12-day war with Israel that he knew where Ayatollah Khamenei was located, but he had decided to refrain from assassinating him “for now”. Israeli media said the U.S. and Israel tried to harm the Leader but could not figure out his location. Trump threatened Ayatollah Khamenei again after the war ended, outraged by his declaration that Iran will never surrender to American politicians and warmongers. 

The U.S. President, meanwhile, appears to believe that any assassination attempt against Ayatollah Khamenei would only trigger a military response from Iran, a price the U.S. military and American forces stationed in West Asia would have to bear. However, there is also a separate price Trump himself would pay, because he has dared to threaten a figure with a massive religious following and profound influence among not only the 200 million Shia Muslims, but also countless more Sunnis who have grown extremely fond of Ayatollah Khamenei for his staunch support of the Palestinian cause in the past 20 months. 

The potential repercussions for Trump if he were to act on his outrageous threats were underscored in a statement released by a prominent Shia cleric on Sunday. Ayatollah Naser Makarem Shirazi, himself a Marja, responded to an inquiry regarding the U.S. president's escalating rhetoric, stating unequivocally that anyone who harms Ayatollah Khamenei should be punished with death.

In a written note, Ayatollah Makarem Shirazi declared: “Any regime or individual threatening the leaders of the Islamic Ummah and acting on those threats qualifies as a Muharib.”

Under Shia Islamic jurisprudence, a “Muharib” is defined as someone who wages armed rebellion, terrorism, violent crimes, or other unlawful acts that spread fear and disorder in society. The prescribed punishment for such offenses is death. 

Ayatollah Makarem Shirazi's remarks are being interpreted as a "Fatwa," a religious edict. Iran’s Ayatollah Nouri Hamedani and Iraq's Grand Ayatollah Ali Sistani have published similar statements seen as Fatwas. 

What is a Fatwa and how serious is it?

A Fatwa is an interpretation of Islamic law issued by a Marja. It is binding for all Muslims, meaning that even if Islamic governments are not able to act on it, individual Muslims should ensure its enforcement. 

A well-known example of states failing to act on a Fatwa, prompting individual Muslims to take matters into their own hands, is the case of Salman Rushdie.

On February 14, 1989, Imam Khomeini, the founder of the Islamic Republic, issued a historic Fatwa calling for the execution of Salman Rushdie, the British-Indian author of The Satanic Verses, a novel filled with blasphemy against Prophet Mohammad (PBUH). The fatwa stated: "I inform the proud Muslim people of the world that the author of The Satanic Verses book, which is against Islam, the Prophet, and the Quran, and all those involved in its publication who were aware of its content, are sentenced to death. I call on all zealous Muslims to execute them quickly, wherever they find them."

Rushdie was forced into hiding immediately after the fatwa was issued. He was placed under 24/7 British police protection and lived in safe houses for nearly a decade. In 1989, a bomb exploded at a London hotel where Rushdie was scheduled to speak.

Over three decades after the Fatwa was issued, when Rushdie emerged from hiding and began living more openly, the threat had not faded, contrary to his and the police's expectations. In 2022, Rushdie was stabbed on stage in New York by an attacker allegedly acting on the Fatwa. He has since retreated back into seclusion.

Battery Recycler Redwood Materials Has A New Business: Microgrids

From Fast Company, June 27:

This massive new data center is powered by used EV batteries
A new project from battery recycling startup Redwood Materials and data center builder Crusoe shows that it’s possible to build data centers cheaper and faster while also slashing emissions.

Over the last two months, a first-of-a-kind project has taken shape at an industrial site in Nevada: the world’s largest microgrid built with used EV batteries, designed to power an adjacent data center.

It’s the first of a series of microgrids planned by Redwood Materials, the battery recycling company now valued at more than $5 billion. The company is taking in a quickly-growing volume of used EV batteries—tens of thousands over the last year, and perhaps hundreds of thousands over the next 12 months. Most of those batteries still have enough capacity to have a second life before the materials are recycled. And they could help deal with a major energy challenge: how new data centers can come online quickly and cheaply without straining the grid and significantly adding to climate emissions.

“The amount of batteries coming back that have usable life and that are relatively more cost-efficient to deploy has ramped up dramatically in just the last year or two,” says JB Straubel, CEO of Redwood Materials. The company announced its new energy business arm at an event on June 26.

Straubel, one of Tesla’s cofounders, left the automaker in 2019 to help build a new U.S. supply chain of critical battery materials using the growing pile of battery waste. Last year, the company started commercial production of cathode active material, one key component in batteries, from recycled materials. Its recycling business is already profitable; it generated $200 million in revenue last year. But it also recognized the huge opportunity to put some batteries to work again. 

How EV batteries can find a second life
When a battery is in a car or a truck, “it’s a pretty demanding application,” Straubel says. “You need a lot of power capability. You really want to charge quickly, usually, so you can go to fast charge stations. And you also need a pretty high percent of your overall initial range that you purchased in the car.”

But even when a battery has lost so much capacity that it no longer makes sense for driving, it can still be used to store energy. In that application, charging and discharging can happen slowly. A battery might only have half of its original capacity, but can still reliably support the grid or a microgrid. In some cases, it could be used for years before it’s eventually recycled.

In the new microgrid, on Redwood’s campus near Reno, more than 800 used EV batteries are connected to 20 acres of solar panels. It has enough power to run a new AI data center on the site, built by Crusoe, a company that designs and deploys low-carbon compute infrastructure.

The data center operates fully off the grid, without an external backup. “We still expect [the microgrid] to be very, very reliable,” Straubel says. “In some cases, it might be more reliable, because we have less failure points.” To make it possible to avoid the grid completely, the team built a relatively large amount of solar power and large battery capacity....

....MUCH MORE 

We have a lot of posts on Redwood. One of the more interesting recent ones was:

Battery Recycling: Best-in-Class Redwood Materials 

Apollo's Torsten Sløk On Trump's Tariffs: "'Maybe the administration has outsmarted all of us"

File under: Things I did not expect. (it's a big file) 

From The Daily Mail, June 26/27:

Trump has 'outsmarted all of us' admits backpedaling economist who bashed President's bold plan

A world-renowned economist has changed his tune on President Donald Trump's tariffs. 

Torsten Sløk, a chief economist at Apollo Global Management, posted a new note admitting that his initial reaction to the policy may have been wrong. 

'Maybe the administration has outsmarted all of us,' he wrote. 

The admission comes just months after Sløk warned the tariffs would be ‘painful’ and economically destabilizing. 

Experts speaking to DailyMail.com warned that Americans should take his note with a grain of salt. 

But now, he's framing the President’s policy as a clever long-game — one that invites global negotiation while increasing federal revenue

In the note, Sløk outlined a potential scenario: the White House could maintain its current tariff rates — 10 percent on most imports, 30 percent on Chinese goods — and give trade partners a year to negotiate with the White House. 

Extending the current 90-day pause on new tariffs, he argued, would give American companies time to plan ahead and could help stabilize markets. 

'This would seem like a victory for the world and yet would produce $400 billion of annual revenue for US taxpayers,' he added.  

The timing is key. Trump's 90-day pause on new tariffs, announced in April, is set to expire on July 9. 

Without an extension, the tariffs would immediately increase, with billions of dollars worth of products suddenly incurring more taxes.  

But if the President extends the pause but keeps tariffs where they are, Sløk says the policy could offer clarity for companies and leverage in negotiations.

Sløk's sudden, tepid support for the tariffs is an about-face. He initially criticized the import taxes, saying they threatened business stability, Wall Street's record highs, and the stability of US treasury bonds. 

'The short-run effects of a trade war [are] certainly painful,' the economist told Yahoo Finance in February. 

And not everyone is convinced. Neil Saunders, a retail expert at GlobalData, warned that they will mostly impact American consumers. 

'Tariffs, at any level, increase the cost of doing business,' he told DailyMail.com. 'If tariff rates remain at current levels, prices should only increase modestly – although these hikes will come off the back of years of pretty hefty inflation.'....

....MUCH MORE 

"Clear understanding of social connections propels strivers up the social ladder"

Practitioners of power networking, oftentimes fraudsters, seem to know this stuff intuitively.

For the rest of us, a bit of study-turned-into-understanding can go a long way toward making life a little easier.

From Brown University via EurekAlert, June 20:

When it comes to social influence, knowing how people are connected matters more than simply knowing lots of people, found researchers from Brown University’s Carney Institute for Brain Science 

Climbing the social ladder isn’t simply a matter of popularity. Rather, people in positions of influence are particularly adept at forming “maps” of their social connections, which they navigate to become prominent in their social network, new research shows. 

It’s like having a “social superpower,” according to study author Oriel FeldmanHall, an associate professor of cognitive and psychological sciences at Brown University who is affiliated with the University’s Carney Institute for Brain Science

“People vary considerably in how accurately they understand the structure of their communities,” FeldmanHall said. “Our research establishes for the first time that people who excel at mapping out their social network — determining who belongs to which communities and cliques — are the ones who will go on to become the most influential in the social network.”

The National Science Foundation-funded study was published in Science Advances.

Contrary to popular belief, being influential isn’t determined by the number of friends a person has, according to the research team. 

“What matters are your connections to other well-connected peers,” said study author Isabella Aslarus, who conducted the research as a manager in FeldmanHall’s lab. “These more powerful social ties give you a number of benefits that together add up to what we call influence.”

Those benefits can range from being perceived more positively to influencing positive outcomes for others, according to Aslarus, who is now a Ph.D. student in psychology at Stanford University.

“Influential individuals hold sway over others’ actions and are better at spreading information through their networks — a power that’s been harnessed by interventions to reduce bullying and promote public health,” Aslarus said.

Measuring influence....

....MUCH MORE 

 Related: 

February 3, 2023 - Fundraising Lessons From Volodymyr Zelensky Part II: The Lessons 

Worthwhile for anyone who is trying to raise money for virtually any purpose.

This is a repost that seems truer now, after the U.S. alone has spent 1/8 Trillion dollars in cash, armaments and support, than when it was posted.

May 24, 2022 
Earlier we saw what the Ukrainian President actually did: "Fundraising Lessons From Volodymyr Zelensky: Get In Front Of The World Economic Forum.... Ask For $5 Billion.... Per Month", now the lessons that his actions illustrate.

I call it the big ask.

1) You have to talk to the people who can make the decision, anything else is wasting your time while your interlocutor is getting paid. This can be more challenging than it looks.

I prefer to speak directly with a principal but in some cases, say a family office, you want to see if there is an agent of the principal who is trusted to both make the yes decision and cut the check. What you don't want is to pitch the agent who will pitch the person with the money. It doesn't work

2) You have to talk to people who have the money you request. It seems obvious but again it is a waste of your time to ask someone who would blanch at $100k for $100 mil.

And more importantly, getting no's is mentally wearing on a person, so clearing the field of as many negatives as possible is just good psychological hygiene.

3) You have to get the attention of your potential patron. The most efficient way is to already know them i.e. "Hi mom". For more distant degrees of separation (or consanguinity) the most constructive approach is to get referred in. And the way to get referrals is to ask.

And the way to ask is both simple and straightforward: "Who do you know?"

No beating around the bush, no hemming and hawing, just "Who do you know?

And don't allow the person you are asking to "think about it" You want names and you want them now. And amazingly, people will either say "I don't know anyone" or they will give you a name on the spot. And the first couple people they come up with are apt to be both more interested and more financially capable than the referrer is. People don't refer down.

After you get a name or three ask if the referrer minds if you mention who referred you (otherwise it's not a referral) Assume that even if you are told that "I'll make introductions" that you may have to make the initial approach on your own.

4) You have to make you pitch interesting from the perspective of the person you are talking to. Thus, if you've gotten yourself  in front of Mrs. Bigg, of the Philadelphia and Palm Beach Bigg's, and you want a check for something philanthropic while warily eyeing her enormous Persian cat, mention a cat show or Catster Magazine or Cornell's Cat Watch (but maybe not the "Those Annoying Anal Glands" article, at least at first meeting)

And how did you happen to think about cats? Because after getting the referral you thought to check the Palm Beach Post to see if they had any mention of the Mrs. Bigg and saw that the cat that looks like it could eat a small child just took the Blue Ribbon at some cat show and is probably worth a half-million bucks.

note: if rejected, resist the impulse to abscond with the cat and hold it for ransom.

5) Be aware of the difference between a one time meeting and someone you'll have a chance to grow on and charm over time.

6) Do not hustle, manipulate, or lie. That's just bad manners and possibly a felony.

7) If your interest is in, say, honesty in media, sit down and try to think of some billionaire or other who has a similar interest. And maybe if they don't want to be a patron for your project (at the moment) maybe there's a way for you to work on theirs.

Opportunity is everywhere.

And of course be polite, observant and respectful.
July 12, 2023
Weapons Deliveries: "'We're not Amazon': UK defence secretary suggests Ukraine could say thank you more"

 That feeling when you wore your brown shoes to the formal NATO get-together....

https://cdn.wionews.com/sites/default/files/styles/story_page/public/2023/07/12/366271-zelensky-nato-summit.jpg?imwidth=1920 

(Image: @pedrojosecama)  via WION

....and all you can do is wish Boris Johnson was back.

From The Guardian, July 12:
‘We’re not Amazon’: UK defence secretary suggests Ukraine could say thank you more...

Saturday, June 28, 2025

OpenAI turns to Google's AI chips to power its products, source says (GOOG; NVDA)

From Reuters via MSN, June 27:

OpenAI has recently begun renting Google's artificial intelligence chips to power ChatGPT and its other products, a source close to the matter told Reuters on Friday.

The ChatGPT maker is one of the largest purchasers of Nvidia's graphics processing units (GPUs), using the AI chips to train models and also for inference computing, a process in which an AI model uses its trained knowledge to make predictions or decisions based on new information. 

OpenAI planned to add Google Cloud service to meet its growing needs for computing capacity, Reuters had exclusively reported earlier this month, marking a surprising collaboration between two prominent competitors in the AI sector.

For Google, the deal comes as it is expanding external availability of its in-house tensor processing units (TPUs), which were historically reserved for internal use. That helped Google win customers including Big Tech player Apple as well as startups like Anthropic and Safe Superintelligence, two ChatGPT-maker competitors launched by former OpenAI leaders.

The move to rent Google's TPUs signals the first time OpenAI has used non-Nvidia chips meaningfully and shows the Sam Altman-led company's shift away from relying on backer Microsoft's data centers. It could potentially boost TPUs as a cheaper alternative to Nvidia's GPUs, according to the Information, which reported the development earlier....

....MORE 

The Google product has been a long time acoming. Some previous posts:

June 2016Machine Learning: JP Morgan Compares Google's New Chip With NVIDIA's (GOOG; NVDA) 

April 2017Watch Out NVIDIA: "Google Details Tensor Chip Powers" (GOOG; NVDA)

May 2018 - Ahead of Today's NVIDIA Earnings: A Look at One of the Competitors (GOOG; NVDA)
We'll have much more on Google next week but for today the next-gen Tensor Processing Unit...

June 2023"Elon Musk Predicts Nvidia’s Monopoly in A.I. Chips Won’t Last" (NVDA; TSLA)

September 2023 -  Chips: "Google TPU v5e AI Chip Debuts after Controversial Origins"

July 2024Apple Trained Its Large Language Model On Broadcom-Designed TPUs In Google's Cloud, Meh (AVGO, GOOG, AAPL)

And many, many more, use the 'search blog' box, upper left, if interested. 

Google of course has its own AI model entrants, Gemini among others and so, of course, is not giving Mr. Altman their best chips. 

"How the UK is testing a radical plan to refreeze the Arctic"

Let's hope the scientists are all familiar with Ice-9 in Vonnegut's Cat's Cradle.*

From The Times (London & environs), June 22:

A government-backed team will soon start running field trials to ask whether thousands of robots could be deployed to thicken and preserve polar sea ice 

For much of his career, Dr Shaun Fitzgerald of the University of Cambridge worked on trying to cut the amount of carbon we pump into the atmosphere. Five years ago, he shifted his focus. “We’ve been talking about reducing emissions for decades,” he said. “The truth is, they’re still rising.”

He turned his attention to something more radical. Could we, he wondered, refreeze the Arctic?

The idea has serious backing. In June the UK’s Advanced Research and Invention Agency (Aria) — a government body created to back “ideas on the edge of what’s possible” — awarded a team led by Fitzgerald £10 million in funding.

The money will be spent on exploring whether it might be possible to use hundreds of thousands of robots to thicken and prolong the life of a portion of the sea ice that forms each winter across the High Arctic.

Over coffee in a common room at Cambridge’s Department of Engineering, Fitzgerald explained that the basic physics is relatively straightforward. The ethics and engineering, however, are anything but.

The idea builds on well established knowhow. “Communities in the Arctic already build ice roads,” he said. “They drill holes, pump seawater on top and let it freeze to thicken the ice.”

The goal in Fitzgerald’s case is not strength as such, but longevity. The only long-term solution to global warming is to stop emitting carbon. But sea ice plays an important role in regulating the planet’s temperature by reflecting some of the sun’s energy back into space.

As global temperatures rise, the Arctic’s ice mirror is shrinking, with projections suggesting the region will, within 15 to 20 years, be entirely free of sea ice at the end of each summer. Reinforcing it, even modestly, could have a significant cooling effect, buying time to reach net zero.

Naturally, new sea ice forms from beneath. For this new ice to grow, heat must escape upwards, through the existing ice, allowing the seawater below to cool and solidify.

Snow, however, is an excellent insulator. When the ice has a layer of snow on it, the heat that must rise upwards is trapped, slowing the formation of new ice. If you flood the surface with seawater, the snow is washed away. Two things should now happen: the water on the surface will turn to ice and the rate of freezing below the ice should also increase.

Preliminary experiments last year involved drilling holes through sea ice and pumping water up. This “snow flooding” produced about 25cm of new ice on the surface, and a further 25cm below. “These are encouraging results, not conclusive ones,” Fitzgerald said. “We need much better data.”

The £10 million from Aria will fund laboratory tests, computer models and field trials. Controlled experiments will be conducted around Cambridge Bay, which lies along the Northwest Passage in the Canadian Arctic, across three winters, starting later this year.

If all goes well, the areas treated could be extended to up to about 1 sq km per experiment site. “The goal is to gather essential real-world data to rigorously assess if this intervention warrants further consideration,” Aria has said.

As well as tackling the engineering challenges, which include protecting equipment from temperatures that can drop below -40C, the team will assess environmental side-effects. What microbes are being brought to the surface? Is wildlife being disturbed?

Another question concerns albedo, or the reflectivity of the Arctic surface. Snow bounces away far more solar energy than bare ice. Ice, in turn, reflects more than open ocean. There is a chance, then, that removing snow and replacing it with ice could make things worse.

However, Fitzgerald believes that snow flooding could be done in the winter, when the Arctic is plunged into a months-long period of darkness. Since the sun is not shining, there is no solar radiation to bounce away. When the sun returns, a blanket of artificial snow could possibly be created, providing a bright insulating blanket that would slow melting during the summer.

Another issue is whether the salty seawater pumped to the surface will make the ice melt faster in spring. Salt lowers the freezing point of water, so it might. But when ice crystals form, most of the salt gets pushed out of them. There are early signs that the salty brine that is then formed drops through the ice, creating small channels. These may help meltwater drain away in spring, leaving bright bare ice instead of pools of dark water on the surface....

....MUCH MORE 

Fortunately for the taxpayers a lot of the research and modeling can be done at the University of Bristol on their fancy, newly installed supercomputer:

Britain's Most Powerful Supercomputer And The Butterfly Effect Of Weather Modeling In the Cloud

Great name. 
Isambard Kingdom Brunel may be the greatest engineer of all time and the second greatest Briton of all time, trailing Winston Churchill. (Æthelred II did not make the list)....

Top500 entry
*
And Ice-9? 

"Scientists Pitch $117 Trillion Wind-Solar Super Network"

Just in case the Texas 4-nuke, 18 million square foot data center campus isn't big enough.

From OilPrice, June 26:

  • Scientists propose a $117 trillion global wind-solar grid, arguing it could provide constant, clean power by connecting regions with surplus renewable energy to those in need.
  • Theoretical benefits include energy abundance and reduced infrastructure needs.
  • Political and economic hurdles make the idea highly impractical, with massive upfront costs, global coordination challenges, and geopolitical tensions making implementation unlikely.

The ongoing transition from baseload power generation to weather-dependent sources of electricity has proven quite challenging due to this dependence. Now, a team of scientists says the challenges are not insurmountable. We just need to build a globally interconnected system of wind and solar.

It sounds like a huge undertaking fraught with its own challenges, and indeed it is. For the time being, then, the idea is only theoretical, with the scientists claiming it would result in energy abundance for every part of the world, thanks to the planet’s huge wind and solar resources that we have yet to harness in an optimal way.

“Theoretically, the potential of solar and wind resources on Earth vastly surpasses human demand,” the team, comprising researchers from China, Denmark, and the United States, said. Yet the way we are currently using these resources is rather fragmentary and sub-optimal. A global interconnected system built on wind and solar as sources of electricity, on the other hand, would ensure a consistent supply everywhere, the paper argued. So, essentially, the researchers are proposing a sort of a real-life version of the centralized global governments from the world of science fiction. Instead of a government, however, it’s a centralized, coordinated global grid.

In the simplest terms, the central argument of the team comes down to the fact that there is always wind blowing somewhere in the world and, equally, somewhere it’s daytime and the sun is shining. With separate grids, neither the wind nor the sun can be made to work to their full potential. With a centralized grid, on the other hand, we can send wind-generated power half across national borders to where it is needed. The idea is basically a global version of what the UK is trying to do with its own grid, bringing wind power from Scotland to southern England where the demand is highest....

....MUCH MORE 

"A proposal for four nuclear reactors and 18 million square feet of data-center buildings near Amarillo aims to 'Make America Nuclear Again.'”

The WaPo headline is "Rick Perry’s AI plan: A colossal nuclear campus in Trump’s image" which, on first encounter I took to mean the campus was going to resemble President Trump's profile in silhouette. Now that would be weird. And would probably get federal funding.

From the Washington Post, June 26:

A company led by former energy secretary and Texas governor Rick Perry has submitted a federal application to build a nuclear power complex on what sponsors say would be the world’s largest data-center campus — a project with a distinctly political veneer.

Republican Perry is co-founder of Fermi America, a Texas company that has said it will soon announce details of its grand vision for a property next to the Pantex nuclear weapons plant near Amarillo. Its confidential application for construction of four one-gigawatt reactors, obtained by The Washington Post, says the expansive facility will be called the Donald J. Trump Advanced Energy and Intelligence Campus.

There are few proposals in the United States for new, full-size nuclear power plants, which are associated with cost overruns and long engineering delays. Many tech and energy companies are focusing their efforts on developing smaller, modular reactors that in theory can be built faster and more cheaply.

Fermi Executive Chairman Toby Neugebauer, a Texas private equity investor, said he’s confident the firm can build the nuclear complex by 2032, an extremely ambitious timeline. He argues that its remote Texas Panhandle location will speed permitting and construction.

“If you can’t do it here, you can’t do it anywhere,” he said in an interview Thursday.

The complex will also include large natural gas plants, with pipelines in the area supplying so much of the fuel that company officials say they can eventually supply AI companies with 11 gigawatts of energy — an amount equivalent to that used by all of Manhattan — on gas alone, if the nuclear plans falter.

Crucial details of Fermi’s plans remain unclear, including the specific financial backing Perry and his partners have secured, making its viability difficult to judge at this early stage. Fermi is partnering with the Texas Tech University system on the project, and the company’s founders include Perry’s son, Griffin, an investor who also sits on the board of the Cotton Bowl Athletic Association, sponsor of the annual college football game. The company says its roster of executives will include experts who have helped finance and build large power projects around the world, including nuclear plants.

Fermi America social media postings frame the unusual project as an homage to Trump, who named Perry energy secretary during his first term and who is taking steps to weaken the independence of the Nuclear Regulatory Commission (NRC) and give the White House more sway over nuclear energy approvals.

“It’s time we lead the charge to Make America Nuclear Again,” says a post on Fermi’s LinkedIn page, complemented with video of Trump turning his head stoically toward the camera. The White House did not respond to questions about the plan.

Fermi said it has not decided on a final name for the site, notwithstanding its use of the Trump moniker in its regulatory filings. The company says that it hopes to start construction on the nuclear plant next year and that it will have a large amount of gas power available for data centers on its campus by 2026.

The effort is among a variety of gargantuan data-center projects that are on the drawing board or being built in the U.S.

Fermi on its website features a quote from Perry promising a Texas-scale operation: “At Fermi America, we’re really not interested in building the second largest energy driven data center in the world, we’re gonna build the largest.”

Officials at the NRC confirmed the authenticity of Fermi’s licensing application, which they said will be posted publicly in the near future.

Fermi’s June 17 cover letter to the NRC says the company is seeking an expedited approval process, filing the application in phases “rather than to wait for all the information that may be ultimately required to come in.”

The application says each of the Westinghouse AP1000 nuclear reactors also will be named individually after the current White House occupant. Most experts say building a nuclear plant of the size Fermi is proposing could take roughly a decade....

....MUCH MORE 

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSnA7I6Rqvwlzhv7TYVlVP-fqViMBg_tFVoVA&s 

Probably not related, June 27 - "Trump plans executive orders to power AI growth in race with China" (PWR; GEV; CCJ)