Cyber incidents linked to third-party suppliers used by the New South Wales government have more than quadrupled in two years, revealing significant vulnerabilities in the state's digital supply chain. The surge highlights the growing threat of supply chain attacks to government services and data.
Sydney-based real estate firm The Property Business has been hit by the Kairos ransomware group, with 164GB of data reportedly stolen. The attack highlights the growing threat to Australia's property sector, which holds sensitive client financial and personal information.
The U.S. has charged Ukrainian national Volodymyr Tymoshchuk for his role in the LockerGoga, MegaCortex, and Nefilim ransomware attacks that targeted over 250 American companies and hundreds more worldwide. The State Department is offering a $10 million reward for information leading to his arrest.
The AI race is on: Trump’s $500B “Stargate” with OpenAI, Oracle, NVIDIA, & SoftBank triggers a surge in power demand. Goldman’s Brian Singer forecasts data centers consuming 3–4% of global power by 2030. Meanwhile, Elon Musk and Sam Altman’s feud fuels the drama.
The AI race is officially on, and the stakes couldn’t be higher. In his inaugural week, President Donald Trump has already announced a staggering $500 billion initiative for AI infrastructure, a joint venture involving heavyweights like OpenAI, Oracle, NVIDIA, and SoftBank. Dubbed "Stargate," this project is set to supercharge America’s AI ambitions, with $100 billion of initial investment earmarked for Texas-based developments. As Wall Street buzzes and Twitter ignites with debates, it’s clear that this effort to create a superpower AI nation has already begun reshaping the energy and tech landscapes.
Brian Singer, Global Head of Goldman Sachs Sustain, projects a significant surge in power demand driven by AI and data centers. Their analysis forecasts a 160% increase in data center power demand globally by 2030 compared to 2023 levels. This growth is expected to push data centers from consuming 1-2% of overall global power to 3-4%, and in the US specifically, from 3% to 8% of total power demand. Brian Singer of Goldman Sachs delivered some critical insights on CNBC about the challenges ahead.
“We’re in an all-in approach to fueling this data center surge,”
he noted, emphasizing the colossal energy demands AI-driven data centers will place on infrastructure. By 2030, Singer projects that 60% of power for these centers will still come from thermal sources like natural gas, while renewables will account for 40%. This mix highlights both the urgency of current needs and the industry’s long-term sustainability goals, setting the stage for fierce debates over resource allocation.
Enter the latest act in the drama: Elon Musk vs. Sam Altman. As if the Stargate initiative wasn’t enough to grab headlines, Musk took to Twitter to blast the project, calling it “fake” and accusing Altman of being a “swindler.” In true tech-bro fashion, Altman responded by inviting Musk to visit Stargate’s first construction site and reminding him that this project is “great for the country.”
wrong, as you surely know.
— Sam Altman (@sama) January 22, 2025
want to come visit the first site already under way?
this is great for the country. i realize what is great for the country isn't always what's optimal for your companies, but in your new role i hope you'll mostly put 🇺🇸 first.
But the feud doesn’t stop there. In a post on X, Musk outright called Altman a liar, referencing Altman’s earlier testimony to Congress about not receiving compensation from OpenAI:
“Altman literally testified to Congress that he wouldn’t get OpenAI compensation and now he wants $10 billion! What a liar.”
In another interview, Musk went even further, declaring,
“I don’t trust Sam Altman, and I don’t think we want the most powerful AI in the world controlled by someone who’s not trustworthy.”
Elon Musk Calls Out Sam Altman & OpenAI:
— Tech3D (@Tech_3d2) January 22, 2025
"I don't trust Sam Altman, and I don't think we want the most powerful AI in the world controlled by someone who's not trustworthy."
I haven't seen Elon comment yet on the $500 billion "Stargate" project that President Trump recently… pic.twitter.com/mAMdLywNJQ
The irony? Musk himself is leading Trump’s newly created Department of Government Efficiency (DOGE). It seems the SpaceX CEO’s knack for multitasking extends to public spats and lawsuits, as he’s also suing OpenAI for allegedly abandoning its nonprofit mission.
While the Altman-Musk feud adds some juicy theatrics to the AI saga, Wall Street is laser-focused on the economic implications. Big tech is doubling down on AI, driving unprecedented growth in power demand. Singer’s team at Goldman Sachs forecasts a 2.5% annual rise in U.S. electricity demand through the decade—a rate not seen since the 1990s.
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This surge is forcing policymakers and corporations into a synchronized scramble to modernize grids and secure energy supplies. Yet, as Singer pointed out,
“We’re seeing a tightening market for data center real estate in the coming years,”
signaling that the challenges are as steep as the opportunities are vast.
Globally, the Stargate initiative is a bellwether for what’s to come. Emerging markets are likely to experience even faster power demand growth, but smaller U.S. towns and states might find themselves left out of this AI-fueled VIP lounge. As federal and big tech dollars pour into strategic hubs, regional areas without robust grids could face stagnation, becoming the inadvertent losers in this AI race.
Meanwhile, cooling technologies are emerging as a critical piece of the puzzle. Advances in liquid cooling and sustainable HVAC systems are being explored to offset the environmental impact of these power-hungry data centers. Singer’s observation that renewables like solar may offer faster access to energy adds a hopeful note, but the overall picture remains daunting. The doubling of data center emissions by 2030 looms large, making it clear that innovation in energy efficiency isn’t just a luxury—it’s a necessity.
In the grand scheme of things, Stargate is just the beginning. The AI race, now turbocharged by Trump’s executive orders and Wall Street’s enthusiasm, will define winners and losers across industries, regions, and nations. For now, the battle lines are drawn: big tech vs. infrastructure constraints, innovation vs. emissions, and, of course, Musk vs. Altman. Buckle up—this AI arms race is just getting started.
Artificial Intelligence has become the new battleground of global politics. Washington and Beijing pursue Dual-Carriage Politics, blending economic ambition, military strategy, and social values. From classrooms to trade wars, AI now shapes power, society, and the fragile balance of global order.
The global AI race is no longer confined to the US and China. Emerging hubs like Abu Dhabi, Paris, Singapore, and São Paulo are transforming the landscape with bold strategies, sovereign investments, and rapid innovation, creating a multipolar future for artificial intelligence.
Nvidia’s earnings mark more than a financial milestone, testing America’s technological edge as AI chips redefine markets and geopolitics. With record revenue projected, export curbs, AMD’s rise, and government stakes, the semiconductor race extends far beyond Wall Street.
Perplexity's audacious $34.5 billion Chrome bid signals a seismic shift in Silicon Valley. When AI-native upstarts challenge trillion-dollar hyperscalers, are we witnessing technological disruption's next chapter? History shows no tech aristocracy endures forever—from IBM's fall to Google's rise.
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