FT News Briefing Why Microsoft needs nuclear energy
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Dec 20, 2024 Cryptocurrency hedge funds are surging, capitalizing on the excitement around Bitcoin. The Bank of England is holding interest rates steady amid inflation concerns. A pivotal partnership between Microsoft and a utility company aims to restart the controversial Three Mile Island reactor, highlighting the tech industry's need for stable energy. The community remains divided over this move, weighing economic benefits against safety fears. As AI demands grow, the proposal to revive nuclear energy takes center stage, stirring both hope and apprehension.
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Crypto Hedge Funds Outperforming
- Some crypto-focused hedge funds are significantly outperforming others.
- This is due to Bitcoin's value more than doubling, fueled by Trump's election.
Bank of England Holds Rates
- The Bank of England held interest rates steady at 4.75%.
- This follows new data showing a rise in UK inflation.
Three Mile Island Revival
- Constellation Energy is partnering with Microsoft to reopen a reactor at Three Mile Island.
- This is driven by the increasing energy demands of AI data centers.