underpinning

Santee Cooper, a big power provider in South Carolina, is in advanced talks to sell two inactive nuclear reactors to Brookfield Asset Management that could power data centers underpinning the AI boom.

China’s curb on rare-earth exports will affect the chip makers underpinning AI.

BlackRock’s funds acted as an early investor underpinning the deal, which raised funds for the unit to buy a gold mine in Kazakhstan.

“Since submitting our application in June, the competitive and economic assumptions underpinning our application have shifted, altering our return expectations on the proposed $2.3 billion investment,” MGM said.

That same year, Adam Smith published “The Wealth of Nations,” providing theoretical underpinning for the American experiment in free markets.