TLDR

MARKET RECAP → Stocks rose on Thursday as investors tried to shake off the September doldrums.

AI EXECUTIVES DISCUSS ENERGY DEMANDS AT WHITE HOUSE → AI leaders met with White House officials to discuss the massive power consumption of AI, balancing tech growth with the reality of strained energy grids. ⚡ The future of AI comes with a hefty electricity bill.

MICROSOFT HIRES NEW OPERATING CHIEF → 🖥️ Microsoft hired former GE CFO Carolina Dybeck Happe as its new chief operating officer, signaling a strategic move to strengthen its leadership with her financial expertise in global operations.

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TODAY’S TOP NEWS

AI Executives Discuss Energy Demands at White House

💡 Leaders from OpenAI, Anthropic, and Google met with White House officials to tackle the growing energy needs for AI, as data centers struggle to keep up with rising AI demand.

🌐 The meeting focused on ensuring responsible AI development while upgrading the infrastructure to support its expansion. Officials stressed the importance of balancing technological progress with sustainability.

📊 AI’s rapid growth has sparked concerns about straining the U.S. power grid, with projections that AI-related energy demands could surge by 160% by 2030​

TODAY’S TOP NEWS

Microsoft Hires New Operating Chief

💼 Microsoft hired Carolina Dybeck Happe, former GE CFO, as its new Chief Operating Officer. Her extensive global experience in finance, especially leading GE’s transformation, made her an ideal pick for this crucial role.

📊 Dybeck Happe had previously overseen massive restructuring efforts at GE, helping to split the company into three entities, a testament to her operational expertise.

🔧 Microsoft’s decision signaled a focus on solidifying operational efficiencies and navigating complex business environments as they continue scaling​.

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