Author: GT

Cameco is the best way to play the nuclear power resurgence with a business model that spans the value chain from uranium mines to reactors, according to the equity research firm CLSA. CLSA on Monday initiated coverage of Cameco with an outperform rating. It sees the company’s stock hitting $102 over the next 12 months, implying 32% upside from the last close of $77.74 per share. Cameco has gained more than 50% this year as demand for nuclear power grows worldwide. “Cameco is the most comprehensive play for the nuclear rejuvenation theme,” CLSA analyst Max Hopkins told clients in a…

Thomas Kurian, CEO of Google Cloud, speaks at a cloud computing conference held by the company in 2019.Michael Short | Bloomberg | Getty ImagesGoogle’s cloud chief Thomas Kurian on Tuesday explained how the tech giant is already monetizing its various artificial intelligence services to generate revenue. “We’ve made billions using AI already,” said Kurian, speaking at the Goldman Sachs Communacopia and Technology Conference in San Francisco. Kurian said that Google Cloud’s backlog of customer demand is growing faster than its revenue.”Our backlog is now at $106 billion — it is growing faster than our revenue,” he said. “More than 50%…

OpenAI executives are discussing a potential relocation out of California as increasing political resistance threatens the company’s efforts to convert from nonprofit to for-profit status, according to The WSJ, though the company says it has no plans to leave. California’s attorney general is investigating whether OpenAI’s restructuring violates state charitable trust law, while a coalition of nonprofits, labor groups, philanthropies, and even rival Meta are pushing back against the conversion. OpenAI has about $19 billion in funding tied to this restructuring – if it doesn’t happen, investors could walk away, which would be catastrophic for the ChatGPT maker. Moving OpenAI…

BlackRock- and Goldman Sachs-backed media startup Minute Media, which owns properties like Sports Illustrated, The Players’ Tribune, and 90 Minutes, announced Monday that it is acquiring VideoVerse, an Indian AI startup that lets broadcasters extract highlights and create content from sports footage. VideoVerse’s clients include the Indian Premier League and Women’s Premier League (cricket) tournaments, FIFA+, and broadcasters Nippon TV and Clubber TV. Mumbai-based VideoVerse was founded in 2016 by Vinayak Shrivastav, Saket Dandotia, and Alok Patil. The company is backed by Bluestone Equity Partners, A91 Partners (a fund by former Sequoia India execs), Alpha Wave, Evolvence India, and Moneta…

Mistral AI, the French company that develops the AI chatbot Le Chat and several foundational large language models, is considered one of France’s most promising tech startups and is arguably the only European company that could compete with OpenAI. “Go and download Le Chat, which is made by Mistral, rather than ChatGPT by OpenAI — or something else,” French president Emmanuel Macron said in a TV interview ahead of the AI Action Summit in Paris in February 2025. In a significant step up from its June 2024 valuation of $6 billion, Mistral is now valued at €11.7 billion (approximately $13.8…

Companies that have dug deep into AI have fallen in love with nuclear power for its promise of 24/7 electricity. Meta, Google, and Microsoft have all made deals with startups or reactor operators. But does the nuclear industry love AI back? Yes, with caveats. No one is proposing to let an AI run a reactor, but power companies are increasingly interested in the technology’s potential to tighten things up on the business side, Bradley Fox, co-founder and CEO of Nuclearn, told TechCrunch. Fox and Jerrold Vincent started Nuclearn to capitalize on that interest. The company says its AI tools are…

Streaming giant Plex is urging its customers to change their passwords after it disclosed a data breach of one of its user databases. The company said in a post on Monday that it was aware of a security incident involving the theft of Plex customer account information, including user names, email addresses, scrambled passwords, and unspecified authentication data. Plex said while the passwords were scrambled in a way that made them unreadable to humans, it’s unclear if the passwords can be deciphered or if the stolen authentication data could be used to gain access to customer accounts. The company said…

On a farm near Manchester, New Hampshire, I was recently treated to a gusher of dirty water, not exactly the sort of thing that most startups will show a reporter. But for Dig Energy, the mud is a feature, not a bug, of its compact drilling rig.  The startup, which has been operating in stealth for the last five years, developed the water-jet drilling rig in an effort to make geothermal heating and cooling so inexpensive that it will displace fossil fuel boilers and furnaces. The rig is central to that, promising to slash drilling costs by up to 80%.…

U.S. Energy Secretary Chris Wright departs after speaking during a television interview outside of the White House on August 19, 2025 in Washington, DC.Anna Moneymaker | Getty Images News | Getty ImagesU.S. Energy Secretary Chris Wright has lambasted plans to reach net zero emissions by 2050, calling the climate target “a colossal train wreck” that countries will most likely fail to achieve.His comments, which were first published as part of an interview with the Financial Times on Monday, come as Wright and Interior Secretary Doug Burgum prepare to travel to Milan, Italy, for the Gastech energy conference.”Net zero 2050 is…

Apple is hosting its new hardware event on September 9 at 10 a.m. PT. The company is expected to release its iPhone 17 lineup, along with updates for the Apple Watch and AirPods.  As always, there are many rumors circulating, including bigger screens and improved cameras for the iPhone 17 models and the introduction of an ultra-thin iPhone Air that could replace the Plus model. More broadly, Bloomberg’s Mark Gurman reports that this will be the first of three planned years of major iPhone redesigns, with a foldable iPhone coming in 2026. iPhone 17, 17 Pro, and 17 Pro Max…