GE Vernova is a player in helping provide fuel for AI, but data centers are still a minority of the booming demand for its gas turbines, a top exec said.
Why it matters: "If you think about ... industrialization, electrification, that's really what I would say is driving the bulk of our orders last year and really into this year," said Eric Gray, CEO of GE Vernova's gas power business.
Major flooding in eastern Australia has killed four people, and at least one person is missing in an extreme weather event with strong links to climate change, officials said Friday.
The big picture: Officials in Australia's most populous state, New South Wales, made a natural disaster declaration in response to record rainfall that's isolated more than 50,000 people, with large amounts of rain falling in state capital Sydney and elsewhere.
