How rich must a country be to count as “developed”? The question is preoccupying India’s government, which wants to attain that status by 2047, the 100th anniversary of independence from Britain https://t.co/MK6hSsNJYS ...

AI and Energy Consumption - OpenAI's planned infrastructure with AMD and Nvidia is projected to use 16 gigawatts, equivalent to the combined power consumption of New York City, Chicago, and Los Angeles [2] - San Jose is adding 2 gigawatts of new energy capacity [4] - One gigawatt is comparable to the output of a commercial nuclear reactor, sufficient to power approximately 1 million homes [1] Economic Opportunities - Data centers can provide significant tax revenue and unit cost reduction, potentially representing a major economic opportunity for local economies [3][11] - San Jose has nearly 20% of its jobs in manufacturing, which are at risk of being offshored without continued advancement [9] - Data centers add millions of dollars annually in new revenue for localities, which can be invested in public services [11] Innovation and Sustainability - Growth enables investments in solar, wind, and battery backups, leading to cleaner power mixes [5] - Economies of scale can reduce the per-kilowatt-hour cost for all consumers [6] - Data centers are increasingly using air cooling instead of water cooling [10] AI in Government - San Jose is using AI for early detection of potholes, graffiti, street light outages, and illegal dumping [13] - AI is being used to speed up bus routes and improve city services [13] - The city aims to reinvent government using AI to improve productivity [12]

Geopolitical Analysis - A Chinese economist believes America "made a huge mistake" by "waking up China" [1] - The economist suggests America's actions failed to prevent China from developing world-beating industries [1]

Group 1 - The author, Sean Daly, specializes in ETFs, biotech, and FINTECH solutions within the banking sector [1] - He has a strong academic background, having taught international finance and financial risk management at Pace University and served as a visiting lecturer at Princeton University [1] - Daly's research interests include diverse topics such as Chinese urbanization, multilateral currency swap arrangements, energy geopolitics, and Asia's sovereign wealth funds [1] Group 2 - The author has a beneficial long position in the shares of OCGN, indicating a personal investment interest [2] - The article reflects the author's own opinions and is not influenced by compensation from any company mentioned [2]

African Resource Paradox & Opportunity - Africa possesses 70% of the world's cobalt and 30% of global mineral reserves, yet loses $50 billion annually by exporting raw materials instead of processing them [2][3] - The continent's resources could power education, build hospitals, and transform nations, but are often exploited [1][2] - Africa needs to view its minerals as global leverage, not just debt for export [3] AFC's Role & Achievements - African Finance Corporation (AFC) surpassed its asset goal of $10 billion, reaching over $12 billion in total assets and infrastructure projects across 36 countries in Africa in 2023 [4] - AFC achieved this on the back of an additional $1 billion equity capital raise [4] - AFC is a major investor in projects like the Dangote refinery and the Loito corridor, a $2 billion rail PPP project [5][6] Key Revolutions for Africa's Development - Industrial Revolution: Tax raw export at 25% to incentivize local processing and mandate mineral beneficiation [7] - Financial Revolution: Direct 25% of African sovereign wealth (over $400 billion) to African projects [8] - Talent Revolution: Shift from brain drain to brain gain by developing globally-minded professionals [9][10][11] Call to Action - Investors should allocate at least 5% of their portfolio to African infrastructure projects [12] - Storytellers need to amplify voices and platforms to change the narrative around Africa [13] - Africa has the money, resources, and talent, but needs the audacity to demand value for its resources [13]

For billions in poorer countries, the shape AI takes could depend on what happens in India https://t.co/rHVEwOEuFc ...

We're in an area of the Dominican Republic called Pernales Cow Rojo. It's one of the most remote and poorest parts of the country and has been largely bypassed by the tourism boom that the rest of the nation has seen. But the administration is trying to change that.They've got plans for a public private partnership that will pump some $2.2% billion into this region. At the heart of it is a new international airport. A new cruiseport terminal has opened up that's already starting to receive cruise passengers ...

China joins the top ten https://t.co/oIV80UHE0d ...

Project Overview - The Dominican Republic is developing infrastructure to transform a remote coast into a major Caribbean destination [1] Infrastructure Development - Construction includes an international airport, cruise port, and hotel hub [1]

Economic Risk - Many Asian countries face the risk of aging before achieving wealth [1] Labor Market - There is an increasing urgency to support the prosperity of precarious workers [1]