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On August 27th, Anthropic reported that it has agreed to pay Nscale $45 billion over the next six years to lease approximately 460 megawatts of AI computing power from Nscales Monarch data center in West Virginia. According to sources, Nscale will use NVIDIAs (NVDA.O.) Vera Rubin chips, with deployment expected by the end of next year. The entire Monarch campus has a planned capacity of approximately 1.35 gigawatts and a total investment of approximately $71 billion, with about $47 billion allocated to AI chips. The remaining buildings will begin providing computing power in 2028. The project was originally planned to be leased by Microsoft, but Microsoft withdrew this summer, and Anthropic subsequently became the tenant. In recent months, Anthropic has also reached computing power agreements with Fluidstack, Volta Infra, and SpaceX for $50 billion, $10 billion, and $45 billion respectively, further securing computing resources ahead of its IPO.On August 27th, IDC reported that Apples (AAPL.O) first foldable iPhone, launching in September, is expected to ship over 10 million units in its first year, despite a potential price tag of $2,500, driving renewed growth in the foldable phone market. IDC projects global foldable phone shipments will grow by 12.6% this year and 18% next year, with Apple accounting for 40% of global foldable phone shipments by 2027. Meanwhile, due to rising prices and supply constraints of components such as memory chips, IDC predicts a record 16.7% contraction in the global smartphone market this year, stating that "the era of cheap smartphones is over."According to Nikkei, Japanese memory chip giant Kioxia will build a new manufacturing plant in Iwate Prefecture, with an estimated investment of over 1 trillion yen.The yield on the five-year U.S. Treasury note fell slightly after the auction and is currently up 3.42 basis points at 4.383%.Google (GOOG.O) has launched the Gemini 3.5 speech-to-text transcription model.

Germany imposes a fee on residential properties to pay the expense of the gas price increase

Haiden Holmes

Aug 16, 2022 10:48

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German consumers of natural gas will be required to pay an additional 2.42 euro cents per kilowatt hour as a result of Russia's decision to reduce natural gas shipments to Europe.


According to a statement made on Monday by Trading Hub Europe, the tax will take effect in October. This could result in additional expenses of roughly 500 euros ($510) for a typical family of four.


At 15:30 in Berlin, Economy Minister Robert Habeck is scheduled to comment on the measure.


Beginning in the fourth quarter, utilities will be able to pass forward expenses connected with replacing lost Russian supply. As a result of Russia's actions during the Ukraine conflict, Germany attempted to avoid charging consumers for increased energy expenses. However, there is no choice due to the unpredictability of gas supply, which officials fear could be cut off permanently at any time by Russia.


The German minister of finance, Christian Lindner, has announced that he will investigate ways to remove the fee from sales tax in an effort to at least partially reduce the burden on consumers.


Europe shifted its attention from gas production to consumption during one of the greatest energy crises in human history. The amount of gas that nations are able to store in the coming months will have a substantial impact on the continent's ability to survive the winter. It is anticipated that incentives for demand reduction would dominate the regional agenda.


The German gas storage facilities are 75% full, according to the Federal Network Agency or BNetzA.

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