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The energy demands of the artificial intelligence are out of control
US-based investment bank Goldman Sachs has said that it expects data centres to use 8% of India’s total power by the year 2030. “The proliferation of AI technology, and the data centres necessary to feed it, will drive a surge in power demand,” Goldman added. It further said that the infrastructure needed for these technologies…
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The House Ethics Committee is looking into a congressman
US Representative George Santos, who’s accused of lying about his education and employment, has told House Republicans that he wants off of his two committee assignments until his issues are resolved, according to media reports. Santos has admitted to lying about attending Baruch College, New York University and misrepresenting his employment at Goldman Sachs and…
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Dozens of expenses are under the FEC threshold to keep receipts
US Representative-elect George Santos has called a New York Times investigation into his career “deceitful” and said it was “politically motivated”. The New York Times had reported that Santos did not have a bachelor’s degree, a master’s degree, an MBA or even a law degree from a New York college, as he claimed on his…
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Moody’s says to prepare for a slowcession in 2023
Goldman Sachs has said it still believes the US economy won’t get into a recession and instead will reach a soft landing where inflation moderates but growth continues. However, it added that the transition to more sustainable economic growth “has already occurred” and it looks durable. The bank expects US gross domestic product (GDP) growth…
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The Rep.-elect is under federal investigation.
US’ Nassau County District Attorney announced that it was looking into the fabrications of George Santos, who has been accused of lying about his educational background and working at Goldman Sachs. The District Attorney said the fabrications and discrepancies associated with Santos are “staggering”. Santos has admitted to lying about attending Baruch College, New York…
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Who is GeorgeSantos? His Résumé may be largely fiction.
US House of Representatives Democratic leader Hakeem Jeffries called Republican lawmaker George Santos a ” woefully unqualified Extreme MAGA Republican who is clearly not fit to serve”. Santos has admitted that he didn’t work directly for Citigroup or Goldman Sachs, but did do work for them through his company, which was a poor choice of…
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The Fed might have changed markets forever.
Former Goldman Sachs economist Nomi Prins said that the decade of free-flowing money from the Federal Reserve to banks has created “two economies”. Wealthy Americans and corporations benefitted directly from years of low rates, which kept money flowing into businesses and stocks high while Main Street suffered from decelerating wages and little support, she added.…