Markets
The Pre-ChatGPT Graveyard
PitchBook's new list, shared with CNBC, counts more than 220 American unicorns built before ChatGPT that have not raised in three years. SaaS leads the casualties. Meanwhile a sales-floor confession in Forbes describes a "Cover Your Assets" economy where the CFO is the gatekeeper and Uber has reportedly burned its annual AI budget in four months.
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Climate
The Heat We Throw Away
Data centres globally discard 42 million kilowatts of heat a day, enough to run America's thirteen largest cities. Finland captures it. Norway and the EU require it. Three U.S. utilities are now arguing data centres can lower customer bills, with twenty-year contracts and stranded-cost guarantees as the price of entry.
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