Political wrangling prevented California's incentive plan from being ratified by the deadline, prompting Assembly Speaker Fabian Nunez to instead shore up support ahead of next year's budget negotiations. Nunez, who authored AB 777, drafted a letter promising that he and other legislative leaders remain "committed to including industry tax incentives in the budget we pass next year." The letter, addressed to Gov. Arnold Schwarzenegger, was signed by Nunez, D-Los Angeles, Republican Assembly leader Kevin McCarthy, R-Bakersfield, Senate President Don Perata, D-Oakland, and Senate Republican Leader Dick Ackerman, R-Irvine. "As you know, the motion picture and television production industry is a major contributor to our economy," Nunez wrote. "However, other states and nations are offering significant tax incentives to lure this important homespun industry away from California. That is why the tax incentives are essential to keeping motion picture and television production within California."
The rapid evolution of artificial intelligence (AI) and hyperscale cloud computing is fundamentally reshaping data center infrastructure, and liquid cooling is emerging as an indispensable solution. As traditional air-cooled systems reach their physical limits, the IT industry is under pressure to adopt more efficient thermal management strategies to meet growing demands, while complying with stringent environmental regulations. Liquid Cooling Market Development The latest ABI Research analysis reveals momentum in liquid cooling adoption. Installations are forecast to quadruple between 2023 and 2030. The market will reach $3.7 billion in value by the decade's end, with a CAGR of 22 percent. The urgency behind these numbers becomes clear when examining energy metrics: liquid cooling systems demonstrate 40 percent greater energy efficiency when compared to conventional air-cooling architectures, while simultaneously enabling ~300-500 percent increases in computational density per rac...