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Incoming Federal Reserve Chair Kevin Warsh believes that AI's potential to be disinflationary in the long run creates room for interest rate cuts.
The immediate economic effect of AI is inflationary due to the aggregate demand from building data centers, which raises the real interest rate.
Incoming Federal Reserve Chair Kevin Warsh is expected to review the size of the Federal Reserve's balance sheet, which expanded enormously since the global financial crisis.
AI coding tools are currently boosting software developer productivity by 30% to 50%, an increase from 10% to 15% in the earlier days of AI.
Employment for software engineers directly out of college has fallen by nearly 20% since 2022.
U.S. electricity demand is projected to grow by as much as 20% over the next decade, driven by the hyperscaling of AI installations.
Next-generation geothermal technology companies have attracted more than $1.5 billion in private capital since 2021.
Geothermal company Fervo is currently building a 400-megawatt power plant.
Sage Geosystems has a term sheet with Meta to supply 150 megawatts of power for one of its data centers.
Visitor numbers in Las Vegas are down 7% in 2025, which is the sharpest annual decline outside of the COVID-19 pandemic.
Since the COVID-19 pandemic, the unemployment rate in Las Vegas has remained approximately one percentage point above the U.S. national average.
Some members of the Federal Open Market Committee (FOMC) believe the next interest rate move could be to hold rates flat for an extended period or even raise them.