A Billionaire-Backed Texas Stock Exchange Is In The Works

Cailey Gleeson reports via Forbes: A group backed by more than two dozen investors — including Citadel Securities and BlackRock — is planning to start its own stock exchange in Texas, it said Wednesday, in an attempt to compete with the New York Stock Exchange and Nasdaq. The Texas Stock Exchange (TXSE) — owned by TXSE Group Inc. and founded in 2023, per its LinkedIn — will be a “fully electronic national securities exchange” that seeks to expand access to markets for all investors and those seeking access to public capital, according to Wednesday’s press release.

The TXSE aims to have primary listings, dual listings and exchange-traded products, according to The Wall Street Journal, which first reported the news. The stock exchange has raised $120 million in capital and plans to register with the Securities and Exchange Commission later this year, according to the press release, while it will also have a physical headquarters in Dallas, and the company will employ about 100 people, The Dallas Morning News reported. It plans to start facilitating trades in 2025 and host its first listing the following year, multiple outlets reported. The Wall Street Journal notes that past attempts at regional stock exchanges have failed, such as the Chicago Stock Exchange and Philadelphia Stock Exchange — both of which combined with the NYSE and Nasdaq.

“The NYSE considered relocating its electronic trading systems to the Dallas-Fort Worth area in late 2020, amid a proposed financial transaction tax on stocks in New York,” adds Forbes. “But the move did not go through, nor the proposed tax,.”

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Solar Passes 100% of Power Demand In California

Solar power in California has reached a new record output, briefly surpassing 100% of power demand. It comes just days after the state exceeded 100% of energy demand with renewables (wind, solar and hydro) over a record 45 days straight, and 69 out of 75. CleanTechnica reports: As you can see [here], at its peak, solar power was providing 102.1% of electricity demand in California. Together, wind, water, and solar peaked at 136.4% of electricity demand! […] The best news is that California seems to quickly be chopping the duck curve down to size. […] The solution for the duck curve is clear: energy storage. Store that bursting solar energy produced in the middle of the day and gradually use it in the evening as the sun goes down and electricity demand rises. The good news is that California has been making progress on this very fast! Look at the graph [here] regarding electricity generation from natural gas and note the line for 2023 versus the line for 2024. […]

The overall story is that California renewable energy continues to lead the way forward. Solar power is now peaking at more than 100% of electricity demand, renewables as a whole are peaking at 134% electricity demand, the duck curve has been shaved down to basically no duck curve at all (but you could now call the battery charge/discharge curve a duck curve), and the whole state (and world) is benefitting. Get ready for more records in the days to come. We’re still a few weeks away from the summer solstice. Further reading: Battery-Powered California Faces Lower Blackout Risk This Summer

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The Raspberry Pi 5 Gets an AI Upgrade

Today, Raspberry Pi introduced a new kit that adds AI functionality to the Raspberry Pi 5. ZDNet reports: The Raspberry Pi AI kit combines an M.2-format Hailo 8L AI accelerator with the Raspberry Pi M.2 HAT+ to create a powerful yet power-efficient solution. The Hailo-8L NPU (Neural Processing Unit) chip, capable of 13 trillion operations per second (TOPS), is built into an M.2 2242 form factor module that attaches to the M.2 HAT+. When connected to a Raspberry Pi 5 board running the latest Raspberry Pi OS, the NPU is automatically available for AI computing tasks. The AI module also has direct access to the Raspberry Pi’s camera software stack and works with both first-party and third-party cameras.

The NPU allows the Raspberry Pi 5 to perform AI tasks such as object and facial recognition, human pose analysis, and more. Using an NPU frees up the Raspberry Pi 5’s CPU, allowing it to focus on other tasks, making your projects more efficient and powerful. The Raspberry Pi AI kit is also compatible with the Raspberry Pi Active Cooler, ensuring optimal performance without overheating. Additionally, you can purchase a clear protective layer to prevent damage to the board, giving you peace of mind while working on your projects. The AI kit is priced at $70. It’s available from Raspberry Pi Approved Resellers, including PiHut, PiShop.us, and CanaKit.

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A New Google Maps Layer Shows Public Restrooms In NYC