FT News Briefing Solar energy’s moment in the sun
7 snips
Sep 18, 2024 BP is shifting focus from onshore wind to solar energy, anticipating a rise in installations as costs drop. BlackRock and Microsoft are teaming up to fund AI infrastructure with a hefty $30 billion investment. Meanwhile, Meta is making a significant change by making teenagers' Instagram accounts private by default. The discussion also highlights the critical role of competition laws in regulating Big Tech, emphasizing the need for fair competition among smaller firms. These dynamic developments are reshaping the energy and tech landscapes.
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AI Infrastructure Fund
- BlackRock and Microsoft launched a $30B+ fund to invest in AI infrastructure.
- The fund will primarily focus on data centers and energy projects to power AI.
Solar Energy's Rise
- BP is shifting from onshore wind to solar energy in the US.
- Solar is becoming more popular due to ease of installation, lower costs, and less public resistance.
Meta's Teen Safety Measures
- Meta is enhancing teen safety on Instagram by defaulting teen accounts to private.
- Sensitive content will also be reduced for these accounts.