AI spending boom raises investor concerns
The AI spending boom is entering a “dangerous” phase as Big Tech firms increasingly tap external investors to cover mounting costs, a top executive at hedge fund giant Bridgewater Associates said Monday, according to Reuters. The warning underscores the degree of unease rippling through markets as several investors have begun to question the sustainability of massive capital spending on artificial intelligence.
Trump administration seeks engineers for federal roles
The Trump administration has launched a campaign to hire 1,000 engineers into federal government roles for two-year stints, according to a government website viewed by Reuters. The administration is looking to hire employees with expertise in software engineering, artificial intelligence, cybersecurity, and data analytics, signaling a renewed push to build technical capacity within federal agencies.
Colorado community turns to geothermal after coal
Hayden, Colorado, home of the Steamboat Springs airport, is installing a geothermal heating and cooling system in a new business park designed to help the community weather the planned 2028 closure of a coal plant and associated mine. Local leaders view the project as a way to stabilize the economy while transitioning away from coal-dependent infrastructure.
BLM moves forward with geothermal leasing in Idaho
The federal Bureau of Land Management plans this week to auction 18 parcels for geothermal leases covering about 70,000 acres in southern Idaho, expanding opportunities for renewable baseload power development in the region.
North Dakota oil royalties projected at $8.4 billion
An analysis finds North Dakota’s state-owned minerals will generate $8.4 billion in oil and gas royalties over the life of oil production in the state. State officials expressed optimism about long-term revenue prospects despite current low oil prices.
World
China gains ground in fusion energy race
China is pulling ahead in its race with the United States to prove and commercialize fusion energy technology, largely because it is devoting significantly more resources to the effort, according to recent analysis.
U.S. presses EU on methane import rules
The U.S. government is demanding the European Union exempt American oil and gas from a new law governing fuel imports’ methane emissions, raising tensions over climate policy and international energy trade.
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