Senators open investigation into data centers’ effect on consumer utility bills
As Big Tech builds more and more massive data centers in small towns around the country, the public is starting to ask questions about whether they are to blame for rising utility bills. Today Sens. E...
Deutsche Bank highlights four roadblocks for tech CEOs’ obsession: Data centers in space
Data centers. In space. It’s the hottest topic among CEOs with skin in the data center or rocket-launching business, with Tesla (and SpaceX) CEO Elon Musk and Jeff Bezos, former Amazon CEO and founder...
The power play behind Hyperion, Mark Zuckerberg’s colossal data center being built in rural Louisiana
In July of last year, community leaders in rural Richland Parish, Louisiana — population 20,043 — approved financing terms for a new project tied to billions of dollars in tax breaks. A Delaware compa...
Markets end the week in the red as Broadcom and Oracle concerns drag the entire AI trade down
The markets ended Friday down, as negative sentiment following ’s earnings combined with a Bloomberg report saying is delaying some data centers for OpenAI to 2028 from 2027 weighed on everything con...
Data center trade deep in the red
The data center trade is seeing its steepest sell-off since the market rout that was ignited by President Donald Trump’s Rose Garden tariff announcement back in April. Goldman Sachs’ themed basket of ...
Oracle denies Bloomberg report that it’s delaying some data centers for OpenAI to 2028 from 2027
Getting a multi-hundred-billion-dollar backlog for cloud computing revenues from data center projects is easy. Building them is hard. extended declines to as much as -6.5% on the day on the heels of a...
IREN sinks after announcing share offering as part of refinancing plan
Bitcoin miner turned data center company tumbled in postmarket trading on Monday and remains mired in the red ahead of the open on Tuesday after announcing plans to sell shares as part of a plan to r...
OpenAI’s partners shouldering $100 billion of debt, taking on all the risk
OpenAI’s ambitious plans for global AI infrastructure projects — like its series of massive Stargate AI data centers — will require tens of billions of dollars funded by debt, but you won’t find much ...
Markets are getting more concerned about Oracle’s AI data center debt
After a respite Monday , AI bears are back in control Tuesday. Bellwethers like and are getting battered on reports of a brewing collaboration between and Meta on chips. And that partnership’s pote...
Amazon plans to invest up to $50 billion for “AI and supercomputing infrastructure” for the US government
said it will invest up to $50 billion to build out its AI computing infrastructure for the US government. Based on the company’s AWS cloud platform, Amazon will help build up to 1.3 gigawatts of dedic...
JPMorgan lifts Cipher Mining to “overweight,” hikes Iren price target
and both surged Monday, amid a recovery in the AI data center trade and favorable commentary from analysts at JPMorgan. It was a pronounced change for these crypto miners turned AI computing power pr...
Amazon now has 900 data centers spread across 50 countries, report says
The exact size and shape of AWS global network of data centers has always been a closely guarded secret. A new report from Bloomberg and SourceMaterial sheds some light on AWS’s global reach. Based o...
Cipher Mining surges on additional AI hosting deal
Bitcoin miner turned AI compute power provider jumped early Thursday after announcing a deal that fully leases its Barber Lake data center in Colorado City, Texas. The deal — which is also giving a l...
Musk: xAI to build 500-megawatt data center in Saudi Arabia with Humain using Nvidia GPUs
Today in Washington, DC, Elon Musk announced that xAI is developing a 500-megawatt AI data center in Saudi Arabia in partnership with Humain — the country’s state-owned AI company — using chips. Comp...
Google jumps as Berkshire Hathaway reveals $5.1 billion stake, search giant announces $40 billion investment in Texas data centers
popped in post-market trading on Friday on a double dose of news after the close: bolstering its data center footprint and getting a long-overdue seal of approval from Warren Buffett’s Berkshire Hatha...
Anthropic gets into the data center business, pledging $50 billion
After watching , , xAI, and OpenAI spend billions on massive AI data centers , Anthropic is getting into the game. Today the company announced a partnership with AI infrastructure specialist Fluidstac...
Nebius Group’s $3 billion deal with Meta takes some of the sting out of soft Q3 results
The knee-jerk move lower in after the company reported underwhelming Q3 results is not being fully offset by its concurrent announcement of a fresh $3 billion deal with Meta to deliver AI infrastru...
Plug Power soars on planned collaboration with US data center developer, highlighting its “growing presence in the rapidly expanding” sector
Shares of are jumping double digits as of 7:30 a.m. ET after the hydrogen fuel cell company announced that it “has signed a non-binding Letter of Intent to monetize its electricity rights in New York...
Big Tech’s most important infrastructure is at the bottom of the sea
This week, announced plans for “Fastnet,” a new undersea transatlantic fiber-optic cable running from Maryland to County Cork, Ireland. The new, high-capacity cable will carry Amazon Web Services data...
Arista Networks beats expectations, but stock dives on mediocre guidance
, which makes electronic gear and software and services used to connect, run, and monitor data center servers and networks, reported better-than-expected Q3 results after the close of trading on Tuesd...