AI Boom Drives Search for Alternative Energy Sources
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 9 November 2023
⏱️ 13 minutes
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| 0:00.0 | From electric vehicles to the solar build-out demand for really big trees is rising. |
| 0:10.3 | And the artificial intelligence boom is driving a search for alternative energy sources. |
| 0:16.0 | This new market is really driven by the fact that these tech companies and the companies that want to use AI models, want to train their own AI models are |
| 0:23.2 | really aware that the supply of energy is really constrained. |
| 0:26.5 | Plus, Fed officials offer more clues on the path of interest rate hikes. |
| 0:31.1 | It's Thursday November 9th, I'm Anne-Marie Fertoli for the Wall Street Journal. |
| 0:35.2 | This is the PM edition of What's News, the top headlines and business stories that |
| 0:40.0 | moved the world today. |
| 0:50.0 | Will the Federal Reserve make another interest rate hike next month? |
| 0:53.7 | It's a question we dive into a lot on this show, and especially heading into the Central Bank's |
| 0:58.2 | final meeting of the year. |
| 1:00.0 | Today we got some more clues from Fed Chair Jerome Powell. |
| 1:03.2 | During remarks at a conference in Washington, |
| 1:05.5 | he said it was premature to declare an end |
| 1:07.8 | to the Fed's historic interest rate increases |
| 1:10.1 | over the past two years. |
| 1:11.8 | But Powell also didn't make an argument for another rate hike right now. |
| 1:15.2 | The Fed has held rates steady at its last two meetings. They're currently at a 22-year high |
| 1:20.5 | to combat inflation by slowing the economy. |
| 1:24.0 | Meanwhile, in an interview yesterday with the Wall Street Journal, |
| 1:27.0 | Austin Goolsby, president of the Federal Reserve Bank of Chicago, |
| 1:31.0 | said officials will need to pay close attention to higher longer-term bond |
... |
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