We are in a new era of labor productivity growth. Output per hour grew at 1.3% per year between 2012 and 2019, but at 2.1% between 2019 and 2026.Capital deepening, AI, and more business dynamism means that workers are producing more and more revenue with the same hours of work.
Source: Adam Shapiro (LinkedIn)
US Oil earnings during the war with Iran ~= $130B
Source: TheTNHoller (X)
Companies using AI now spend an average of $1,024 per employee on it Nearly 2x what they spent last year
Source: a16z (X)
Advertising revenue: Meta is the winner
Source: App Economy Insights (X)
Fossil-free producers in the EU - Sweden, France, and Finland are leaders
Clean power needs power plants, not wishful thinking. Sweden, France, and Finland show what hydropower and nuclear power can achieve. Germany is shutting down nuclear power and declaring the expansion of weather-dependent generation to be progress.
The supply gaps must be filled by others. Wind and solar save fuel. But even the millionth solar module delivers no power at night. And wind turbines replace not a single available power plant during calm periods. Hydropower is dispatchable; nuclear power delivers regardless of wind and sun. That is a proven foundation for a low-carbon supply and secure capacity.
Hydropower cannot be conjured up geographically. Shutting down nuclear power, on the other hand, was a political decision. Anyone who wants clean power must explain which power plant will handle the dark doldrums.
Canada and EU announce new alliance open to like-minded countries
Note: Excerpts from Canada and EU announce new alliance open to like-minded countries, The Guardian
Alliance for the Future, unveiled at the Montreal summit and open to other countries, conceived for a world ‘shaken by new storms’
Canada and Europe have announced a new alliance of like-minded nations to serve as both a “protective canopy under which our citizens can thrive” and a powerful hedge against the unpredictable nature of geopolitics, while welcoming other countries to join.
“Our societies have been shaken by new storms,” Carney told reporters, referring to the damaging effects of the climate emergency but also the “erosion of democratic norms” and “the weaponization of trade”.
How Iran Battered U.S. Bases and Caused Billions in Damage
Satellite imagery shows damage at more than two dozen installations, in the fullest accounting of the destruction yet.
OpenAI Raises Less Than Half of $30 Billion Target
The New Bottleneck in America’s AI Build-Out: A Shortage of Cheap Money
Data Streams
Explore our latest AI-powered streamed conversations.
USA Iran Mideast Escalation
Real-time tracking of Iran, Israel, and US military postures, regional strikes, and strategic alerts
Trump
Real-time tracking of executive orders, official statements, Truth Social updates, and policy moves
Blog
Access the latest blog articles.
Trading: TTF Natural Gas Hits 103, Gaining Nearly 5% on Tight Supply
The European gas benchmark extends its rally into critical pre-winter delivery periods as structural storage deficits materialize.
Gnosly Live Signals | AI is getting cheaper
At a given level of performance, cost has fallen ~47%/quarter since 2023.