Technology

Oil, gas and coal will continue to dominate the world's energy mix well beyond 2050, as soaring electricity demand outpaces the shift to renewables, according to a new McKinsey report. From a report: McKinsey expects fossil fuels to account for about 41-55% of global energy consumption in 2050, down from today's 64% but higher than previous projections. U.S. data-center-related power demand is expected to grow nearly 25% a year until 2030, while demand from data centers globally would average 17% growth per year between 2022 and 2030, especially in OECD countries. Alternative fuels are not likely to achieve broad adoption before 2040 unless mandated, but renewables do have the potential to provide 61-67% of the 2050 global power mix, McKinsey said.

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Hanneke Faber, CEO of global tech manufacturing company Logitech, says she'd be open to the idea of having an AI-powered board member. From a report: "We already use [AI agents] in almost every meeting," Faber said at the Fortune Most Powerful Women Summit in Washington, D.C., on Monday. While she said AI agents today (like Microsoft Copilot and internal bots) mostly take care of summarization and idea generation, that's likely to change owing to the pace at which the technology is developing. "As they evolve -- and some of the best agents or assistants that we've built actually do things themselves -- that comes with a whole bunch of governance things," Faber said. "You have to keep in mind and make sure you really want that bot to take action. But if you don't have an AI agent in every meeting, you're missing out on some of the productivity." "That bot, in real time, has access to everything," she continued.

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The IMF has issued a stark warning over soaring global government debt, saying it is on track to exceed 100% of GDP by 2029. Semafor: Such a ratio would be the highest since 1948, when large economies were rebuilding post-war. Today, "there is little political appetite for belt-tightening," The Economist wrote: Rich nations are reluctant to raise taxes on their beleaguered electorates -- but they're facing pressure to spend more on defense, and on social services for aging populations. Higher long-term bond yields, meanwhile, suggest investor wariness over governments' balance sheets. In the short term, the debt concerns manifest in political disruption: France's budget fight recently toppled another government, while the US federal shutdown highlights the tension between new spending demands and deficit reduction.

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China now generates well over twice as much electricity as the United States. The country's economy has become substantially larger than America's in real terms, measured at purchasing power parity, economist Paul Krugman wrote this week. The Trump administration has moved aggressively against renewable energy development. It rolled back Biden's tax incentives for renewables through the One Big Beautiful Bill. The administration is attempting to stop a nearly completed offshore wind farm that could power hundreds of thousands of homes. It canceled $7 billion in grants for residential solar panels. A solar energy project that would have powered almost 2 million homes was killed. The administration canceled $8 billion in clean energy grants, mostly in Democratic states, and is reportedly planning to cancel tens of billions more. Energy Secretary Chris Wright said solar power is unreliable because "you have to have power when the sun goes behind a cloud and when the sun sets, which it does almost every night." California has already integrated substantial solar power into its grid through battery storage technology. Republican support for higher education has collapsed over the past decade, according to polling data. The administration has also targeted vaccines and research in multiple areas. Krugman argues that by 2028 America will have fallen so far behind China that it is unlikely to catch up.

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South Korea's government has stripped AI-powered textbooks of their official status after a single semester of use. The textbooks were introduced in March for math, English, and computer science classes as a flagship initiative under former President Yoon Suk Yeol. Students and teachers complained about technical problems, factual inaccuracies, and increased workload. The government spent more than 1.2 trillion won ($850 million) on the program. Publishers invested around 800 billion won ($567 million). The textbooks were reclassified as supplementary material. Adoption rates dropped from 37% in the first semester to 19% in September. Only 2,095 schools now use them, about half the number from earlier in the year.

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The California Broadband & Video Association has objected to legislation signed by Governor Gavin Newsom on October 15 that allows apartment tenants to opt out of mandatory bulk billing for internet service. The cable industry group called the measure "an anti-affordability bill masked as consumer protection." The association said property owners would have to provide refunds to tenants who decline internet service provided through building contracts. The law "undermines the basis of the cost savings and will lead to bulk billing being phased out," the group said. Assembly member Rhodesia Ransom, who authored the bill, said lobby groups for internet providers and real estate companies worked hard to defeat it. The association told the Sacramento Bee it was disappointed Newsom signed the legislation because it would be "an impediment to utilizing an effective tool" that helped middle-class Californians get discounted rates. The law takes effect January 1. Tenants who are denied the right to opt out can deduct subscription costs from their rent.

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BrianFagioli writes: The United States Mint is honoring Steve Jobs and Apple with a new coin for 2026. Part of the American Innovation $1 Coin Program, California's entry depicts a young Jobs seated before rolling northern California hills, accompanied by the words "Make Something Wonderful." The reflective design, created by Elana Hagler and sculpted by Phebe Hemphill, captures how Jobs's surroundings and vision shaped Apple's mission to make technology feel intuitive and human. The 2026 series also celebrates Dr. Norman Borlaug for Iowa, the Cray-1 supercomputer for Wisconsin, and mobile refrigeration for Minnesota. The obverse of all coins features the Statue of Liberty and a special Liberty Bell mark commemorating the nation's Semiquincentennial. The Steve Jobs coin stands out as one of the few times the U.S. Mint has recognized a modern tech innovator, and some collectors are already calling it one of the most exciting releases in years.

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Microsoft is reshaping Windows around AI, introducing capabilities that let users control their computers through voice and allow Copilot to take autonomous actions on their behalf. The company is now rolling out a "Hey, Copilot!" wake word on Windows 11 machines, positioning voice as a "third input mechanism" to supplement the keyboard and mouse. Copilot Vision, which streams what a user sees on their screen, is rolling out globally, enabling the system to troubleshoot PC problems, help with app usage, and provide task guidance. Microsoft is simultaneously testing Copilot Actions through a limited preview, allowing the AI to take autonomous actions on local machines like editing folders of photos. The company is also integrating Copilot into the Windows taskbar and launching advertisements promoting these features, coinciding with Windows 10's end-of-support earlier this week. Yusuf Mehdi, Microsoft's consumer chief marketing officer, said the company wants users upgrading to Windows 11 to "experience what it means to have a PC that's not just a tool, but a true partner." Microsoft attempted to popularize Cortana, a voice assistant, on Windows 10 a decade ago. Last year, the company released Recall, a feature that automatically captured screenshots, drawing criticism over privacy.

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Paxos mistakenly minted $300 trillion of PayPal's PYUSD stablecoin on Wednesday during an internal transfer. Within minutes, the company identified the error and burned the excess tokens. The transaction appeared on Etherscan, then was quietly reversed before any funds moved or users were harmed. Paxos said there was no security breach and customer funds were safe. The amount exceeded all US dollars in circulation and surpassed the entire cryptocurrency market combined. Stablecoin issuers possess the power to create or delete billions in synthetic dollars instantly -- a capability that distinguishes them from Bitcoin transfers, which are irreversible. Tether mistakenly minted and burned $5 billion in USDT in 2019.

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GrapheneOS, the privacy-focused Android fork once exclusive to Google Pixels, is partnering with a major Android OEM to bring its hardened, de-Googled OS to Snapdragon-powered flagship phones. Android Authority reports: Until now, GrapheneOS has been available only on Pixel phones, making Google's flagships popular among privacy enthusiasts, journalists, and, as a Spanish police report suggested earlier this year, even organized crime groups in Catalonia. But that Pixel exclusivity may end by 2026 or 2027. GrapheneOS revealed in a Reddit thread that it has been working with a "major Android OEM" since June 2025 to enable official support for "future versions of their existing models." These devices will reportedly use flagship Snapdragon chips, a notable shift from Google's in-house Tensor processors. The project explained that only Pixels have met its strict security and update requirements so far. However, the new partnership suggests that another OEM is finally matching those standards. GrapheneOS also hinted that the mysterious partner's devices will be "priced similarly to Pixels" and available globally as part of the brand's standard lineup.

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