Public-private partnership
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Brookfield CEO on $80B nuclear deal with U.S. government
CNBC Television· 2025-10-29 15:43
Nuclear Energy Investment & Development - Brookfield is involved in an $80 billion investment into new nuclear plants in the United States [1] - The US government is buying $80 billion of nuclear plants from Brookfield and Westinghouse [4] - The first nuclear plant rebuild in South Carolina is expected to be operational by 2030 [5] - Future nuclear plant construction is estimated to take 6-8 years, with hopes of reducing the time through experience and supply chain improvements [6] - Nuclear energy is considered a clean, efficient, and safe baseload power source, essential for future energy needs [8] Public-Private Partnership & Government Support - The US government is backing the nuclear initiative to re-industrialize the business in America [3] - The current US government is focused on less regulation, more business, and lower taxes, supporting investments that re-industrialize American businesses [5] - The US government is financing the $80 billion nuclear plants [4] Energy Demand & Future Outlook - The energy use is expected to double, or potentially more than double, in the next 15 years [8][9] - All power sources, including solar, gas, nuclear, and hydro, are needed to meet the increasing energy demand [9] - Data centers are now consuming enormous amounts of power, with some customers requiring 1 gigawatt for a single data center, representing a $50 billion investment for an AI factory [11][12]
US and China Compete for AI Lead
Bloomberg Technology· 2025-07-25 18:23
Government Initiatives & Public-Private Partnerships - The administration's action plan is seen as a strong foundation, acting quickly to address key issues, particularly in staying ahead of China [1] - A public-private partnership is crucial, with the government streamlining regulations and the private sector providing capital and development [2] - The President has made this a top priority, giving a federal mandate to agencies to act [9][10] Industry Focus & Priorities - The focus is on energy, chips, and deregulation, with a noticeable absence of software representation on stage [3] - Rebuilding American manufacturing is essential for dominance, highlighting the importance of hardware capabilities, energy, chips, and land for true AI [5][6] - The event focused on the right things, emphasizing the need for hardware capabilities alongside software [5][6] Startup Opportunities & Access - Startups in energy, finance, defense, and healthcare are expanding beyond software, requiring new capabilities [4] - There's a need to ensure startups have access to the federal government, not just traditional partners and vendors [8] - General Catalyst has facilitated meetings between their portfolio companies (healthcare, defense, and industrial startups) and government agencies, including the White House, Congress, and DOD [7][8] Government Responsiveness - Government agencies are cutting red tape and becoming more businesslike, making it easier for startups to engage [8] - The President's direct involvement and the presence of cabinet members indicate the importance placed on these initiatives [9]