Tag: data center
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Microsoft pulls out of UK data center deal with Nscale, Telegraph reports
Oct 18 : Microsoft has pulled out of a data center deal with British cloud provider Nscale, Britain’s Telegraph newspaper reported on Sunday.The US tech giant, one of Nscale’s two largest customers, recently terminated its agreement for the data center in Loughton, Essex, according to the report.The ne
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Anthropic signs lease for first Canadian data center
Oct 16 : Anthropic has signed a lease with EverWind for data center capacity at Point Tupper, Nova Scotia, marking the Claude maker’s first data center agreement in Canada, a company executive said on Friday.Here are some more details:• Separately, EverWind unveiled plans to invest more than C$10 b
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Marvell raises 2028 revenue forecast on strong AI data center demand
Oct 6 : Marvell Technology raised its fiscal 2028 revenue forecast to about $20 billion on Tuesday, above Wall Street estimates, as demand for its custom data center chips grows along with a surge in AI spending.Shares of the company rose about 7 per cent, while those of rival Broadcom advanced about 4 per ce
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Goldman sees US data center growth intact despite opposition
Oct 5 : Rising political opposition to US data centers has limited near-term impact on their rapid expansion, Goldman Sachs said, with its growth outlook through 2027 remaining largely intact.Goldman raised its 2026 year-end US data center capacity forecast by 5 gigawatts(GW) to 64 GW, while reducing its 2027
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Amazon to invest $1 billion over five years in US data center communities
WASHINGTON, Oct 2 : Amazon’s cloud computing division said on Friday it would invest more than $1 billion over the next five years in US communities where it has data centers and vowed to tackle their impacts on electricity and water usage.Data centers, which provide the computing power to train and run AI
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Oracle cites ‘force majeure’ to shield itself on data center, Bloomberg News reports
Sept 24 : Oracle is seeking to protect itself from potential cost increases related to a large data center project in New Mexico by sending a “force majeure” notice to developer Blue Owl, Bloomberg News reported on Thursday.Shares of the company fell around 4 per cent in premarket trading after the report, wh
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BlackRock, IFM close in on $25 billion Stack data center deal, Bloomberg News reports
Sept 24 : A consortium backed by BlackRock and IFM Investors has entered into exclusive talks for a potential acquisition of Stack Infrastructure’s Asia Pacific data centers, in a deal that could value the portfolio at up to $25 billion, Bloomberg News reported on Thursday, citing people familiar with the matter.
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Data center firm Accelevation targets up to $5.4 billion valuation in US IPO
Sept 22 : Accelevation is targeting a valuation of up to $5.37 billion in its US initial public offering, the data center infrastructure company said on Tuesday, joining a wave of firms tapping investor demand for AI-related stocks.The Olympus Partners-backed Accelevation and some selling shareholders are aim
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California governor signs broad data center oversight bill package
Sept 21 : California Governor Gavin Newsom on Monday signed seven bills aimed at regulating the fast-growing data center industry, imposing new requirements on electricity costs, water use and local oversight as communities push back against a surge in AI-linked development.• The legislation requires data c
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Japan’s Nippon Life plans $13 billion for data center financing in US, Nikkei Asia reports
Sept 20 : Japan’s Nippon Life Insurance plans to invest 2 trillion yen ($12.75 billion) in infrastructure financing, including the construction of data centers in the United States, Nikkei Asia reported on Sunday.• Nippon Life intends to use the capital through project finance arrangements, under which loan
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