openai, google and amazon Updates

The AI landscape is seeing major developments across industries and geographies. In Wyoming, a massive AI data center project by Tallgrass and Crusoe is planned, potentially consuming more power than all the state's homes combined, with speculation linking it to OpenAI. This center will initially draw 1.8 gigawatts, with plans to expand to 10 gigawatts, utilizing natural gas and carbon capture. Meanwhile, Chinese AI companies are already generating revenue, with Tencent's AI handling customer service for Toyota's joint venture and high demand for AI model engineers and data labeling services. China's AI sector is further boosted by government initiatives like the Shanghai AI Corporate Venture Capital Fund, allocating 3 billion yuan to AI development, and substantial purchase orders made at the World AI Conference in Shanghai, totaling 16.2 billion yuan. Microsoft's research indicates AI's potential impact on jobs, identifying roles like interpreters and translators as highly susceptible to AI influence through tools like Copilot, while manual labor and healthcare support roles are considered safer. Tech giants like Google, Amazon, and Meta are investing billions in AI and related infrastructure, with Google planning $85 billion and Amazon $100 billion in spending for 2025. These investments, particularly in data centers, raise concerns about environmental impact and power grid demands. In the financial sector, Portrait Analytics and Third Bridge are partnering to integrate AI into investment research, and AB Quant is enhancing its AI-driven crypto trading platform. Zircuit has also launched an AI trading engine for cross-chain trades, managing over $950 million in assets. However, the rise of AI also brings challenges, as highlighted by an AI-generated video misleading South Korean users and an increase in "AI-washing" leading to securities class actions. The EPA is also increasing its use of AI for permits and environmental tracking, with over 100 instances of AI use or planning.

Key Takeaways

• Tallgrass and Crusoe are building a Wyoming AI data center that could consume more power than all state homes combined, potentially linked to OpenAI.
• The Wyoming data center will start at 1.8 gigawatts and may expand to 10 gigawatts, using natural gas and carbon capture.
• Chinese AI companies are monetizing AI, with Tencent supporting Toyota's customer service and high demand for AI data services.
• Shanghai launched a 3 billion yuan AI Corporate Venture Capital Fund and saw 16.2 billion yuan in AI purchase orders.
• Microsoft's study identifies jobs like interpreters as highly replaceable by AI, while manual labor is less at risk.
• Google plans to spend $85 billion and Amazon $100 billion on AI and cloud infrastructure in 2025.
• Portrait Analytics and Third Bridge are partnering to integrate AI into investment research.
• AB Quant is enhancing its AI-driven cryptocurrency trading platform for individual and institutional users.
• Zircuit launched an AI trading engine for cross-chain trades, managing over $950 million in assets.
• "AI-washing" is leading to increased securities class action filings, as companies falsely claim AI use.

Wyoming AI data center may use more power than all state homes

A new AI data center in Cheyenne, Wyoming, could use more electricity than all the homes in the state combined. The project, a partnership between Tallgrass and Crusoe, plans to start with 1.8 gigawatts and grow to 10 gigawatts. To power the center, the project will use its own gas generation and renewable energy sources. While the companies haven't said who will use the computing power, some think it could be related to OpenAI's AI plans.

Cheyenne to get huge AI data center powered by gas, carbon capture

Cheyenne, Wyoming, will be the home of a large 1.8-gigawatt AI data center. Tallgrass, a Wyoming company, and Crusoe, based in Texas, are working together on the project. The data center will use Wyoming natural gas and carbon capture technology for power. The center could grow to 10 gigawatts, and Crusoe's CEO says it shows their dedication to helping the U.S. lead in AI.

Wyoming AI data center's power use could beat state's residents by 5x

A huge new data center is planned for Cheyenne, Wyoming, to meet the high power needs of AI. The center will start with 1.8 gigawatts and could grow to 10 gigawatts. At full power, it would use more than double the electricity the entire state makes each year. The companies behind the project are Tallgrass and Crusoe, but it's not clear which tech company will use the center, though some think it could be OpenAI.

New AI data center in Wyoming to use more power than homes

Crusoe, a data center developer, and Tallgrass, an energy company, are partnering to build an AI data center in Wyoming. The data center is expected to use more electricity than all homes in the state combined.

Chinese AI companies are already making money, says CNBC

Chinese companies are finding ways to make money from AI, unlike many companies elsewhere. Tencent's AI can now answer more customer questions for Toyota's joint venture with FAW. Black Lake Technologies is seeing more AI model engineers wanting to develop AI for specific industries. Many businesses realize they need better data to use AI effectively, and data labeling is in high demand.

China's AI industry drives economic growth, officials say

China's AI industry is growing fast and helping the economy, according to officials at the World AI Conference in Shanghai. The city launched a Shanghai AI Corporate Venture Capital Fund with 3 billion yuan to help AI development. The Shanghai government also announced 12 ways to expand AI use. Over 3,000 new products were shown at the event, and more than 300 purchase orders were made, worth 16.2 billion yuan.

Microsoft lists 40 jobs chatbots could replace, study says

A Microsoft study looked at which jobs could be changed by AI chatbots. The study used 200,000 interactions with its Copilot chatbot in the US. Interpreters, translators, historians, and passenger attendants have the highest AI applicability scores. The study doesn't say how many jobs could be lost, but it shows AI is having a big impact on white-collar work.

Microsoft reveals 40 jobs AI may replace, 40 that are safer

Microsoft released a study ranking 40 jobs most at risk from AI, like customer service and writing. It also listed 40 jobs with less AI risk, like manual labor and healthcare support. The study uses an "AI applicability score" to measure how well job tasks match AI abilities. Microsoft says AI can help these jobs, but some worry about job cuts as companies try to save money.

Tech companies in trillion-dollar AI race, spending billions

Tech companies like Google, Amazon, and Meta are spending billions to have the best AI. Google plans to spend $85 billion on AI and cloud infrastructure in 2025. Amazon plans to spend $100 billion in 2025, mostly on AI. Meta plans to spend hundreds of billions on data centers. This spending could affect the planet, artists, and the power grid.

Portrait Analytics, Third Bridge partner for AI investment research

Portrait Analytics and Third Bridge are working together to provide AI-driven investment research. The partnership combines Third Bridge's expert interviews with Portrait's AI research tools. This will help investors use both expert opinions and AI analysis. Investors can now use AI to find expert insights while researching investments.

AB Quant expands AI crypto trading platform for users

AB Quant, a trading technology company, is updating its AI-driven cryptocurrency trading platform. The platform helps individual and institutional users trade cryptocurrencies like Bitcoin and Ethereum. The AI engine analyzes market data to make trade decisions quickly. Users can deposit digital assets and participate in algorithmic trading contracts, with returns calculated daily.

AI-generated video of sparrows eating lovebugs fools South Korean users

A video claiming to show sparrows eating lovebugs in South Korea was actually made with AI. The video spread online during a lovebug infestation in the country. The clip had a 'Veo' watermark, referring to Google's new AI video tool. Experts say sparrows are not major predators of lovebugs, and the video showed signs of AI generation.

Zircuit launches AI trading engine for fast, cross-chain trades

Zircuit has launched an AI-powered trading engine for fast, cross-chain trading. The engine works with Zircuit's Deposit Vaults, which secure over $950 million in assets. The AI Trading Engine detects real-time signals and automates trading across EVM chains and Solana. It uses AI to find opportunities, executes trades on the best venues, and provides security features.

EPA increases use of artificial intelligence for permits, tracking

The EPA is using artificial intelligence more, with 103 instances of AI use or planning, up from 17 last December. EPA Administrator Lee Zeldin supports using AI to speed up environmental permits for data centers. The agency is also using AI for smarter monitoring and emissions tracking.

AI-washing drives securities class actions, says report

Securities class action filings in the U.S. were steady, but AI-related cases are increasing. These cases often involve "AI-washing," where companies falsely claim to use AI to increase their value. Cryptocurrency-related filings may also increase, while Covid-19-related filings are decreasing. The potential damages in these cases have increased significantly.

Sources

• AI in Wyoming may soon use more electricity than state’s human residents
• Cheyenne To Get Massive AI Data Center Powered By Gas And Carbon Capture
• Power usage in Wyoming AI data center could eclipse consumption of the state's human residents by 5x — tenant of colossal investment remains a mystery
• New AI data center would use more electricity than all homes in Wyoming combined
• CNBC's The China Connection newsletter: Chinese AI companies are already making money
• Nation's AI industry hailed as economic growth driver
• Microsoft Study Lists 40 Jobs Chatbots Could Replace. Is Yours On The List?
• Microsoft study reveals the 40 jobs AI is most likely to replace — and 40 that are safe (for now)
• The trillion-dollar AI arms race is here
• Portrait Analytics and Third Bridge Partner to Deliver Ai-Driven Investment Research with Human Insight
• AB Quant Announces Expansion of AI-Driven Cryptocurrency Trading Platform
• AI-generated clip of 'sparrows eating lovebugs' fools S. Korean users
• Zircuit Launches AI Trading Engine for Lightning-Fast, Cross-Chain Trading
• EPA use of artificial intelligence skyrockets
• AI-washing drives securities class actions