Three Mile Island is reopening with an AI twist

Transcript:

Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet at present time.

There were small moves on Wall Street Friday after big gains earlier at some stage in the week. Eyes were on Apple on the first sales day for the new iPhone sixteen. Jitters abound after online pre-sales failed to live as much as expectations.

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Next week, investors will get quarterly updates from Costco and Micron Technologies, and digest data on home prices, home sales, and consumer inflation.

In other news: The website online of the worst nuclear accident on American soil is being reopened that enables you to present exclusive nuclear power for Microsoft’s artificial intelligence business.

Pennsylvania’s Three Mile Island became totally shut down in 1999 but one among its nuclear reactors is coming back online in 2028, in step with plans that first ought to be approved by the Nuclear Regulatory Commission. There are no plans to bring back the other reactor, which suffered a partial meltdown in 1979.

Joe Dominiguez, CEO of Constellation Energy, which owns the nuclear facility said in a statement, “Powering industries a really powerful to our nation’s global economic and technological competitiveness, including data centers, requires an abundance of energy which is carbon-free and reliable every hour of on a day to day basis, and nuclear plant life are the one energy sources which is ready to consistently deliver on that promise.”

While nuclear power is ready to pumping out a range of energy without carbon emissions, and seriously seriously is not any longer limited like wind or solar energy, it does have several negatives. The largest, of course, is the long life of the toxic waste it produces, which ought to be securely stored to avoid leakage and contamination.

Tech giants like Microsoft are hungry for brand spanking new power sources that enables you to keep up data centers and AI operations running non-stop and spot nuclear energy as a viable source.

The financial terms of this 20-year contract were no longer made public, but Constellation says it would add 3400 jobs and boost Pennsylvania’s economy by $sixteen billion.

That’ll do it to your Every day Briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.

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