June 14, 2025
Tech News
Meta has partnered with XGS Energy to develop a cutting-edge 150 megawatt geothermal power plant in New Mexico. This movement reflects the growing interest among tech giants in sustainable energy solutions, especially when it comes to generating emissions-free electricity round the clock for their data centers.
In the realm of geothermal energy, XGS Energy distinguishes itself with advanced closed-loop systems that effectively minimize water loss during the energy generation process. The company’s techniques, including the use of proprietary mud for heat transfer, highlight the innovation driving the modern geothermal sector, which many startups are now exploring.
Just days before, Fervo Energy announced a significant $206 million funding accomplishment, propelling the development of the largest geothermal power plant globally in Cape Station. This momentum signals a robust future for Fervo and the entire geothermal energy industry, as investor interest continues to surge.
In a different arena, the betting platform Kalshi made headlines by airing a fully AI-generated advertisement during the NBA Finals. The ad, which cost just $2,000 to produce using Google’s text-to-video generator, Veo 3, displays a bizarre blend of scenes, showcasing the playful potential of AI in advertising.
The creator, PJ Accetturo, managed to produce usable clips through an intensive process with Veo 3, emphasizing the effectiveness and cost-efficiency of AI tools in marketing. This innovation represents a shift in how creative content is generated, paving the way for more AI-driven projects in the industry.
Moreover, on the social and political front, Cuban students have sparked a significant movement against heightened mobile internet fees and the dollarisation of the economy. The controversial price hikes have triggered protests reminiscent of the attitudes surrounding the 1959 Cuban Revolution as students demand equal access and opportunities within their digital landscape.
These issues reflect deeper societal challenges faced in Cuba, where the divide between those with dollar access and those reliant on the peso has grown increasingly pronounced. Students have voiced their concerns through organized boycotts and discussions, pressuring the government to address the inequalities that threaten the principles of the revolution.
Tech Explained
Geothermal Energy – This is a sustainable energy source derived from the Earth’s internal heat. Geothermal energy is utilized for electricity generation and direct heating and can operate continuously, making it quite appealing for facilities like data centers that require stable and reliable power sources
Text-to-Video Generation – This technology converts written text into video content. With advancements in AI, platforms like Google’s Veo 3 can create videos from scripts, illustrating how artificial intelligence can significantly reduce the time and cost associated with traditional video production methods.
Artificial Intelligence (AI) – AI refers to the simulation of human intelligence processes by machines, particularly computer systems. It encompasses various technologies, including machine learning and natural language processing, and is increasingly being applied across diverse fields including advertising, healthcare, and data analysis.
Dollarisation – Dollarisation occurs when a country adopts a foreign currency (usually the US dollar) alongside or instead of its domestic currency. This can lead to variations in economic inequality, affecting citizens’ access to essential services depending on currency preference and availability, as seen recently in Cuba amid its economic challenges.
