Search results for Washington state
Industry
Helion raises $465 million, accelerates goal to supply fusion power to Microsoft by 2028
U.S. fusion startup Helion Energy raised $465 million in new funding, valuing the company at $15.5 billion. Helion said it will use the money to accelerate construction of its first commercial power plant, the Orion project planned in Washington state, and aims to supply fusion electricity to the grid as early as 2028. The company has a power supply contract with Microsoft for its data centres and says it plans to deliver by 2028.
AI & Enterprise
Four essential conditions for launching space data centers
SpaceX has proposed putting up to 1 million data centers into low Earth orbit, but cooling, radiation, space debris and the costs of launch and orbital assembly must be overcome before it can be realised, MIT Technology Review reported. Space-based data centres would need large radiators to shed heat, while radiation can cause bit flips and permanent damage. Low Earth orbit congestion and re-entry debris are also concerns, and the economics remain uncertain.
Crypto
Washington state sues Kalshi, says prediction markets are gambling
Washington state\'s attorney general has filed a lawsuit against prediction market operator Kalshi, Cointelegraph reported on March 28. The suit alleges Kalshi violated state gambling-related laws. The attorney general\'s office says Kalshi breached the Washington Consumer Protection Act, gambling laws and a statute allowing recovery of gambling losses. It argues Kalshi\'s website and app display bettable events and odds, operating like a sportsbook despite calling itself a prediction market.