Good morning. It's Thursday, Oct. 17, and we're covering Silicon Valley's turn to nuclear energy, a mini-grand opening of the Grand Egyptian Museum, and much more. First time reading? Join over 3.9 million intellectually curious readers. Sign up here.
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Amazon is investing $500M toward nuclear power to meet the rising energy demands of its data centers and artificial intelligence initiatives. Yesterday's announcement comes two days after Google unveiled plans to purchase nuclear power and less than a month after Microsoft said it would reopen the Three Mile Island plant—home to the worst nuclear accident in US history—to fuel its AI efforts.
Nuclear power accounts for 19% of US electricity generation and comes from energy released when the nucleus of a heavy atom splits into lighter atoms. While expensive and potentially hazardous, proponents pitch nuclear power (see 101) as a clean alternative to greenhouse gas-emitting energy sources like coal, oil, and gas. Energy-intensive generative AI applications and data centers are expected to account for roughly 9% of total US power consumption by 2030.
Amazon and Google are investing in small modular reactors, which are cheaper and easier to build than traditional nuclear reactors and generate up to 300 megawatts of power or about one-third the amount of power of a traditional reactor. Only two SMRs currently operate in the world, in China and Russia.
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Egyptian Museum Tests Opening
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A portion of the Grand Egyptian Museum in Giza, Egypt, opened to visitors yesterday—part of the initial unveiling of an over $1B project designed to be the largest museum devoted to a single civilization.
The museum—spanning over 5 million square feet or roughly the size of 80 football fields—will cover 700,000 years' worth of artifacts. The trial run, designed to test visitor flow and operations, includes 12 galleries devoted to four eras of Egyptian history dating as far back as 2649 BCE. Among the displays are the gold mask of Tutankhamun, the boy-king who ruled Egypt about 3,350 years ago; an 83-ton statue of legendary pharaoh Ramses the Great; and the world's first hanging obelisk, suspended to allow a view of hidden carvings beneath. See more here (w/video).
Over 100,000 artifacts will be stored when the museum opens fully to visitors, a date not yet determined. Learn more about ancient Egypt here (w/video).
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Nearly two dozen family members of Erik and Lyle Menendez gathered outside a Los Angeles courthouse yesterday, calling for their early release from prison. District Attorney George Gascón (D), who is up for reelection, has indicated openness to pursuing their resentencing ahead of a November court deadline.
In 1996, the brothers from Beverly Hills, California, were sentenced to life in prison for the murder of their parents, José and Kitty Menendez. The sons, 18 and 21 years old at the time of the killings, inherited $14M—which prosecutors said served as the motive. This year, Netflix sparked renewed public interest in the case with the releases of a miniseries and documentary. See trailers here and here.
The projects highlight the boys' allegations of sexual abuse by their father, some details of which were not permitted at trial. Last year, the brothers petitioned for early release, attaching a letter they say Erik wrote to his cousin before the killings. The brothers maintain they acted out of self-defense.
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In partnership with Miso Robotics
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Ends Tomorrow: Invest in this Breakthrough AI
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It doesn’t take an economist to know sellouts bode well for business. Well, Miso just sold out their first run of Flippy Fry Station—their newest commercial kitchen robot—in 7 days.
Why did it sell out so quickly? Simple—the $1T fast food industry’s feeling the heat from its 144% annual turnover rate. In fact, despite minimum wages climbing as high as $20/hour in places like California, ~1M new food service workers will be needed each year through 2033. Enter Flippy Fry Station, in its smaller, faster, smarter, readymade package. This sellout is just the start. White Castle announced interest in rolling out Flippy to 100 locations.
With 170+ US fast food brands in need of automation, there’s a $4B annual revenue opportunity for the taking. Invest in Miso before their opportunity ends tomorrow at midnight PST.*
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Sports, Entertainment, & Culture
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> Liam Payne, member of boy band One Direction, dies at age 31 after three-story fall from hotel in Buenos Aires, Argentina (More)
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> New women's 3-on-3 basketball league Unrivaled signs TV rights deal with TNT; the 30-player league launches January 2025 (More) | Caitlin Clark and A'ja Wilson highlight All-WNBA team (More)
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> NFL owners unanimously approve NFL legend Tom Brady's bid to buy minority stake in the Las Vegas Raiders (More)
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> STAT releases annual Wunderkind list, spotlighting the top early-career researchers in the biomedical and health sciences (More)
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> Mosquitoes have taste preferences, with some compounds either promoting or inhibiting biting and egg-laying behaviors; findings may lead to new methods to reduce insect-borne diseases (More)
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> Researchers find 70% of the meteorites found on Earth to date can be traced back to just three separate collisions in the asteroid belt between Mars and Jupiter (More)
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> US stock markets close higher (S&P 500 +0.5%, Dow +0.8%, Nasdaq +0.3%); Dow reaches record close (More)
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> United Airlines shares close up 12% to prepandemic high after company reports better-than-expected Q3 earnings (More) | Morgan Stanley shares close up 6% after firm tops Q3 earnings and revenue estimates (More)
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> Defense contractor Raytheon agrees to pay $950M to settle federal charges, including defrauding US Department of Defense and bribing a Qatari official (More) | Federal Trade Commission finalizes rules requiring companies to make it easier for consumers to cancel unwanted subscriptions (More)
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In partnership with The Ascent
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> Israel strikes in and near Beirut, including killing a city mayor and 15 others at a council meeting after most residents evacuated; Israel says it is striking Hezbollah targets, including an underground weapons cache (More) | See war updates (More)
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> Italy passes law barring citizens from pursuing surrogacy abroad, with violations punishable by up to $1M in fines and two years in prison; around 250 Italian couples—90% of them heterosexual—pursue surrogacy each year, per legal experts (More)
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> Las-Vegas-area county official Robert Telles (D) sentenced to life in prison for the murder of investigative journalist Jeff German, with the possibility of parole after 28 years (More) | See previous write-up (More)
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> The Joy of Clutter
Aeon | Matt Alt. Beneath Japan's reputation for minimalism and Zen art lies the reality of clutter filling Tokyo residents' lives. How did Japan get its global reputation for Marie Kondo tidiness—and what can we learn from its mess? (Read)
> The Python Huntress
Garden & Gun | Lindsey Liles. Donna Kalil is one of Florida's most prolific python hunters. At age 62, she has killed 876 serpents—and counting. (Read)
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In partnership with Miso Robotics
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What Do Nvidia and Amazon Have in Common?
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Both Nvidia and Amazon chose to collaborate with Miso. Miso’s the leader in AI-powered kitchen robots. That’s why Nvidia offered Miso its premier AI vision tech, and Amazon handpicked Miso to partner and use its powerful RoboMaker simulation environment.
Now, Miso just launched Flippy Fry Station, their most advanced AI-powered robot yet—and its first run sold out in seven days. Invest in Miso before their raise ends tomorrow at midnight PST.*
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*Disclosure: This is a paid advertisement for Miso Robotics’ Regulation A offering. Please read the offering circular at invest.misorobotics.com.
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