Tag: data center
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How to deal with the data center dilemma
AI needs more and more computing power and that means more and more data centers. But where should they be built? And who pays the price in water, energy and resources?
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Saudi AI firms Humain, DataVolt partner for data center on kingdom’s Red Sea coast
DUBAI, Aug 31 : Saudi Arabia-backed artificial intelligence company Humain has partnered with digital infrastructure firm DataVolt to develop around 100 megawatts (MW) of the first phase of a planned data center at Oxagon, an industrial city under development in NEOM, on the kingdom’s Red Sea coast, NEOM said in a
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Orbital data center startup Starcloud valued at $2.3 billion in latest funding
Aug 21 : Starcloud, a startup building data centers in space, said on Friday it had raised $250 million at a $2.3 billion valuation, as it looks to expand AI infrastructure through orbital data centers.SpaceX’s blockbuster IPO has rekindled investor interest in the space industry, including in emerging areas
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Nvidia invests in data center developer Cloverleaf Infrastructure
Aug 21 : Nvidia has made a minority investment in privately held Cloverleaf Infrastructure to develop infrastructure to power AI data center projects across the U.S., the companies said on Friday.The investment will help Cloverleaf develop sites for the data centers, while Nvidia will support infrastructure b
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Nvidia in talks to invest $3 billion in SB Energy as part of OpenAI data center deal, the Information reports
Aug 15 : Nvidia is in talks to invest as much as $3 billion in SB Energy, a subsidiary of SoftBank Group and developer of a massive planned Ohio data center project for OpenAI, the Information reported on Saturday, citing people familiar with the discussions.The investment is being discussed as part of Nvidia
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Nvidia scales back funding guarantee for Ohio OpenAI data center, WSJ reports
Aug 14 : Nvidia has revised its plans to support a proposed OpenAI data center project in Ohio and is now expected to initially guarantee less than $120 billion, down from the $250 billion previously discussed, the Wall Street Journal reported on Friday, citing people familiar with the matter. • The Journal
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Nvidia scales back $250 billion OpenAI data center guarantee, WSJ reports
Aug 14 : Nvidia has downsized plans for a $250 billion guarantee for an OpenAI data center, the Wall Street Journal reported on Friday, citing people familiar with the matter. The revised plan would lower Nvidia’s financial guarantee to less than $120 billion to address investor concerns about risk for the Op
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US SEC exempts certain data center bonds from key securitization rules
Aug 10 : The U.S. Securities and Exchange Commission has made it easier for data center owners to sell asset-backed securities, as the AI boom expands deeper into financing markets.The regulator’s clarification came in response to a letter from law firm Latham & Watkins.”We agree that the fixed-income
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Nvidia to invest up to $3 billion in Stargate data center developer Lancium, the Information reports
Aug 7 : Nvidia will invest up to $3 billion in power infrastructure developer Lancium, the company behind the Stargate data center campus in Texas, the Information reported on Friday.• The chipmaker will invest an initial $2 billion for a stake of roughly 20 per cent in Lancium, which is backed by Blacksto
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Data center firm Switch confidentially files for US IPO, Bloomberg News reports
Aug 7 : Data center firm Switch filed confidentially for a U.S. initial public offering, Bloomberg News reported on Friday, citing people familiar with the matter.Reuters has previously reported, citing sources, that the company could raise up to $10 billion as soon as the fourth quarter at close to a $80 bil
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