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Trump's Attacks on the Environment Are Out of Touch With America

TIME - Tech

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God told them to sell crypto. Their investors lost everything.

MIT Technology Review

God told them to sell crypto. A pastor and his wife created a cryptocurrency and hawked it in Christian communities. When it came crashing down, investors lost millions and they were accused of fraud. When Eli Regalado first heard God speak to him, he wondered whether he was hallucinating. Now he likens the experience to having "a thought that is not my thought." Divine words echo in his mind like a line from a movie or the memory of a loved one's voice. "It's not'You better do this,'" he says. Holy messages arrive daily while Eli is praying, reading, or watching television. Sometimes they surface in prophetic dreams or missives from strangers. Occasionally, they appear midsentence, when he pauses to ask, "Lord, what do you want to say here?" Eli's wife, Kaitlyn, tends to get heavenly dispatches in the shower, when she finally has a moment to herself. Other times, she seeks counsel from above. "I'll be writing in my journal and praying and asking questions and just believing what I'm hearing is Him," she says. God's directives have been manifold. According to the Regalados, He told them to get married, buy a house, and start having kids. When Eli owned a marketing firm in Colorado, He told him what to name it, whom to hire, and which clients to take on. Then God told him to start preaching in his living room and online. In 2021, when Eli was 41 and Kaitlyn was 28, divine guidance steered them in an unexpected new direction: crypto.


Google picks Finland for its largest single investment in Europe

BBC News

Google will buy up to half the electricity produced by one of Finland's nuclear power plants as part of a record €13bn (£11bn; $15bn) investment in the country's AI infrastructure, the company announced. The US tech giant said the package would fund three new data centres, expand an existing site and support energy projects to power growing demand for AI services. This is Google's largest single investment in Europe and a testament to Finland's leadership in responsibly building AI infrastructure, the company said on Wednesday. Google's decision is a clear testament to our strengths, Finland's Prime Minister Petteri Orpo said in a statement. As part of the deal, Google signed a 22-year contract with Finnish utility Fortum to buy up to 50% of the output from the Loviisa nuclear power plant.


The World's Best Companies of 2026

TIME - Tech

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Robotics roadmaps from around the world spotlight of the month: United States of America

Robohub

Robots are a crowd-pleasing example of American innovation and global technological leadership. The latest press release of Boston Dynamics' executing the'Ghost Rabona' soccer kick highlights the increasingly natural movements of humanoids ( 1). At the other end of the spectrum, academic researchers are redefining the limits of miniaturization and building robots at the micrometer scale ( 2). Private and government funding propel foundational research forward, leading to breakthroughs in both hardware and software across U.S. labs and corporations ( 3, 4). Such progress reaffirms the U.S. as an intellectual and innovative powerhouse, a reputation that carries large geopolitical weight.


As the China-US AI race reaches Cairo, Egypt faces a strategic decision

Al Jazeera

Chinese President Xi Jinping's three-day visit to Egypt, coinciding with the 70th anniversary of diplomatic relations between the two nations, marked his first trip to the Middle East in four years and the first to Egypt in a decade. The trip caused debate among geopolitical observers over Egypt's diplomatic balancing act between China, one of its largest economic partners, and the United States, a major defence and strategic partner. Xi's visit came at a time when Chinese tech giant Huawei has submitted a tender to build Egypt's AI data centres. The US, meanwhile, is reportedly pulling together an offer to counter Huawei's bid. Whoever wins the contract to build the data centres will also gain an opportunity to strengthen their political and economic ties with Egypt.


Why America's AI Boom Isn't an Industrial Boom

TIME - Tech

The AI boom is real, but it has yet to reshape investment across the broader industrial economy, write Shubham Singhal, Anna Kortis, and Jan Mischke.


Leaders Pivoting on Data Centers Require More Than Roads, Water, and Power Promises

TIME - Tech

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The UK Power Grid Has a Phantom Data Center Problem

WIRED

The UK's energy regulator is using a variety of tricks to keep speculative data center projects from plugging into the power grid. The country's AI ambitions hang in the balance. As data center developers compete for a cut of the hundreds of billions of dollars flowing into the artificial intelligence industry, the queue to join the UK's power grid has become jammed with projects that will likely never get built. The snarl is exacerbating already years-long wait times for viable projects, and it's messing with attempts to forecast energy demand and plan grid expansions. In July, the UK's energy regulator, Ofgem, laid out a proposal meant to force phantom data centers out of the swollen queue.


SoftBank plans record 6.3 billion retail bond sale in Japan

The Japan Times

SoftBank plans record $6.3 billion retail bond sale in Japan SoftBank Group has been accelerating investments in data centers as it seeks to expand computing capacity amid growing demand from OpenAI and other hyperscalers for AI tools and services. SoftBank Group plans a record ¥1 trillion ($6.3 billion) retail bond sale in Japan as the conglomerate raises funds for its investment commitments to OpenAI. The 7-year bonds are expected to be priced on Sept. 4, with an indicative coupon range of 4.3% to 4.9%, according to a company filing. The sale comes as the company has committed more than $60 billion to investments in the ChatGPT developer and has been raising funds to support those commitments. SoftBank has been accelerating investments in data centers as it seeks to expand computing capacity amid growing demand from OpenAI and other hyperscalers for AI tools and services.