Finance

France's New Premier Appoints Eric Lombard as Finance Minister

France's newly appointed Premier has selected Eric Lombard as the country's next Finance Minister, signaling a significant shift in the government's economic leadership. Lombard, known for his extensive experience in financial and economic matters, steps into this key role at a time when France is navigating complex economic challenges. His appointment is expected to bring a fresh perspective and strategic approach to managing the country's finances, addressing issues such as public debt, economic growth, and fiscal reform. Lombard's selection underscores the government's commitment to strengthening its financial policies and responding to both domestic and international economic pressures.

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TECH

How Big Tech Companies Are Investing in AI Data Centers

Originally posted on our Voronoi app, available for free on iOS or Android, this chart offers an insightful look at the data behind major tech investments.

Big tech companies are making significant investments, pouring billions of dollars into AI data centers to support the rising demand for computational power and infrastructure needed for complex AI tasks.

This graphic illustrates the AI capital expenditures and data center operating costs for Microsoft, Google, Meta, and Amazon from January to August 2024.

AI capital expenditures refer to one-time or infrequent investments in long-term AI assets and infrastructure. In contrast, data center operating costs encompass the ongoing expenses involved in the day-to-day operations and maintenance of AI data centers.

The data, sourced from New Street Research via JP Morgan, is updated as of August 2024, with figures presented in billions. Operating costs include cash operating expenses, software, depreciation, and electricity.

CRYPTO

Expect Major Crypto Policy Shifts on Day One of Trump's Presidency

The cryptocurrency industry is urging President-elect Donald Trump's team to begin implementing his promised crypto policy overhaul on his first day in office next month. Industry officials hope this will include executive orders designed to help push digital tokens into the mainstream. Trump is expected to sign a series of executive orders and directives on various issues, ranging from immigration to energy, on January 20, according to Reuters. During his campaign, Trump appealed to the crypto community with promises to be a "crypto president," and now the industry is hoping he will follow through by issuing orders to establish a Bitcoin stockpile, ensure access to banking services, and create a dedicated crypto council.