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Japan on Tuesday said it envisages the need for electricity output to rise 35% to 50% by 2050 due to growing demand from semiconductor plants and data centres backing AI.
Progressive's profit jumped 50% and its revenue surged nearly 18% to $62.1 billion in 2023. Wall Street expects its profit to skyrocket nearly 80% in 2024 on a 14% jump in revenue.
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