June 18, 2025

Why AI hardware needs to be open

When OpenAI acquired Io to create “the coolest piece of tech that the world will have ever seen,” it confirmed what industry experts have long been saying: Hardware is the new frontier for AI. AI will no longer just be an abstract thing in the cloud far away. It’s coming for our homes, our rooms,…

AI could keep us dependent on natural gas for decades to come

May 20, 2025
The thousands of sprawling acres in rural northeast Louisiana had gone unwanted for nearly two decades. Louisiana authorities bought the land in Richland Parish in 2006 to promote economic development in one of the poorest regions in the state. For years, they marketed the former agricultural fields as the Franklin Farm mega site, first to…

AI’s energy impact is still small—but how we handle it is huge

May 20, 2025
With seemingly no limit to the demand for artificial intelligence, everyone in the energy, AI, and climate fields is justifiably worried. Will there be enough clean electricity to power AI and enough water to cool the data centers that support this technology? These are important questions with serious implications for communities, the economy, and the…

The data center boom in the desert

May 20, 2025
In the high desert east of Reno, Nevada, construction crews are flattening the golden foothills of the Virginia Range, laying the foundations of a data center city. Google, Tract, Switch, EdgeCore, Novva, Vantage, and PowerHouse are all operating, building, or expanding huge facilities within the Tahoe Reno Industrial Center, a business park bigger than the…

Everything you need to know about estimating AI’s energy and emissions burden

May 20, 2025
When we set out to write a story on the best available estimates for AI’s energy and emissions burden, we knew there would be caveats and uncertainties to these numbers. But, we quickly discovered, the caveats are the story too.  This story is a part of MIT Technology Review’s series “Power Hungry: AI and our…

Monzo’s pivot from cool to corporate: ‘freshness is not about gimmicks’

May 20, 2025
Monzo, Britain’s biggest digital bank, is still synonymous with its neon debit cards, extensive use of emojis, and free spending abroad. But it’s no longer just trying to be cool; it’s trying to become a major financial institution. That shift, from an upstart fintech beloved by millennials into a mature, sustainable business, is what makes […]

Sylndr, with fresh $15.7M, allows users to buy, sell, finance, and service used cars in Egypt

May 20, 2025
Cairo-based Sylndr has raised $15.7 million as it expands beyond online used car sales into auto financing, servicing, and tools for dealers. The round was led by Development Partners International’s Nclude Fund and included follow-on investments from Algebra Ventures and Nclude. The company, which operates in Egypt’s fast-growing but under-digitized vehicle market, said the latest […]

Klarna’s revenue per employee soars to nearly $1 million thanks to AI efficiency push

May 20, 2025
Last year, Klarna announced a significant initiative to leverage its internally developed AI systems, powered by OpenAI, across its operations. This wasn’t empty talk for the buy now, pay later giant. The company not only ended its pricey contract with Salesforce CRM, but also curtailed its hiring efforts, allowing AI to do some of the […]