Market Snacks

Microsoft and Amazon Repurpose Europe’s Coal Plants, TSMC Trade Secret Breach, US Tariffs Hit Highest Since 1934, Trade Deficit Narrows, Services Sector Under Pressure


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Introduction:
In this episode, we delve into the transformation of Europe's aging coal and gas power plants into cutting-edge AI data centers, driven by tech giants Microsoft and Amazon. This shift leverages existing infrastructure but raises concerns about Europe's digital sovereignty. Next, we investigate a major security breach at TSMC, the world’s largest chipmaker, involving unauthorized activity that threatens the secrets behind next-generation 2-nanometer chip technology. Finally, we examine how the average U.S. tariff rate has surged to its highest level since 1934, contributing to a narrowed trade deficit with China but simultaneously placing significant strain on the U.S. services sector.
Content and Timestamp:
00:00:29 Europe's Old Power Plants: From Coal to Cloud with AI
00:05:11 TSMC Uncovers Potential Trade Secret Leaks, Initiates Legal Action
00:09:00 US Trade Deficit Hits 2-Year Low Amid Tariff Pressure on Services Sector
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