Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
Tesla CEO Elon Musk has been in talks with Puerto Rico’s officials regarding a proposed solar power grid to restore the devastated island’s electricity. Much of the US territory’s population still don’t have access to power due to the sheer havoc caused by two consecutive hurricanes. If these talks come to fruition, it could lead to the privatization of Puerto Rico’s power industry.
It seems that the main driving force behind this proposal on Puerto Rico’s side is Manuel Laboy, the secretary of the Department of Economic Development and Commerce. It would seem that he has been speaking to Musk in the hopes of transforming the island’s power structure, which is several decades old, Bloomberg reports.
Apparently, the two parties have been in contact even before Hurricane Maria hit Puerto Rico, with discussions involving sprucing up the inefficient power systems in the region that often lead to problems. The plan would involve creating several areas where Tesla could install microgrids filled with its Powerpack storage batteries.
On the matter of privatization, Laboy clarified that not everything will be left up to Tesla. Generating the power and storing electricity will be the private company’s job. However, the energy transmission will be handled by the Puerto Rico Electric Power Authority. Laboy even added that there will likely be a bidding process as to which private company will provide Puerto Rico with energy.
Several experts have expressed skepticism with regards to this particular model, Futurism reports. It would seem that while many believe that customers would reap the benefits of a privatized energy grid, the same could not be said for the workers.
Then again, this arrangement could prove to be a boon for the renewable energy industry as a whole. Powering an entire island with as much attention being directed at it like Puerto Rico would show the world that solar power is not only cheap, it’s positively the most logical solution to energy problems.
