Tag: data centers
xAI Bets Big on Mississippi With $20 Billion Data Center Build
Elon Musk’s artificial intelligence startup, xAI, plans to invest more than $20 billion to develop a large-scale data center in Southaven, Mississippi, according to...
SoftBank Finalizes $40B OpenAI Investment, CNBC Reports
SoftBank Group has completed its massive $40 billion investment in OpenAI, according to a report published Tuesday by CNBC, citing sources familiar with the...
Alphabet Buys Data Center Firm Intersect in $4.75 Billion AI Deal
Alphabet announced on Monday that it has agreed to acquire data center and energy infrastructure company Intersect in a deal valued at $4.75 billion...
Bridgewater Warns Big Tech’s AI Boom Depends on Risky External Capital
The surge in artificial intelligence spending is moving into what Bridgewater Associates has described as a “dangerous” stage, as major technology companies increasingly rely...
Anthropic Bets $50 Billion on Massive U.S. Expansion
Anthropic to Invest $50 Billion in New U.S. Data Centers
AI startup Anthropic announced plans to invest $50 billion to build new data centers across...
Google to Pour $6.4 Billion into Building Germany’s Cloud Future
Google to Invest $6.4 Billion in Expanding Cloud Infrastructure Across Germany
Alphabet’s Google announced plans to invest €5.5 billion ($6.4 billion) in Germany over the...
From Wells to Wires: Oil Majors Bet on AI Growth
Oilfield Giants Shift Toward AI Infrastructure as Drilling Slows
Major oilfield service companies SLB, Halliburton, and Baker Hughes are pivoting toward AI infrastructure and data...
Cloud Boom: Oracle Aims for $166B in Sales by 2030
Oracle expects its cloud infrastructure revenue to reach $166 billion by fiscal 2030, according to Co-CEO Clay Magouyrk, who shared the forecast on Thursday...
Google Announces $9 Billion AI Infrastructure Investment in South Carolina
Google to Invest $9 Billion in South Carolina to Expand AI Infrastructure
Google, a subsidiary of Alphabet (NASDAQ: GOOGL), announced plans on Monday to invest...
Broadcom Soars on News of 10GW AI Chip Partnership with OpenAI
Broadcom Shares Surge After 10GW AI Chip Partnership with OpenAI
Broadcom Inc. (NASDAQ: AVGO) shares surged 12% on Monday morning after the company announced a...
