Tag: data center
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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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Oracle’s $18 billion data center debt under pressure, FT reports
Sept 18 : About $18 billion in loans tied to an Oracle-leased data center in New Mexico has come under pressure, with loans quoted at 89 to 91 cents on the dollar by syndicate banks including Santander and Jefferies, the Financial Times reported on Friday. The development comes amid concerns that growing loc
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Virginia tightens data center restrictions amid political backlash
NEW YORK, Sept 18 : The U.S. state of Virginia is tightening controls on data centers, with plans that include banning non-disclosure agreements for the projects, requiring stricter permitting and imposing clean energy mandates on the server warehouses, Governor Abigail Spanberger said on Friday.Virginia, w
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GlobalFoundries, Marvell expand chip capacity deal for AI data center connectivity
Sept 17 : GlobalFoundries and Marvell Technology have expanded their agreement to increase production capacity for a type of semiconductor used in high-speed optical connections in data centers.Shares of GlobalFoundries rose nearly 6 per cent in premarket trading on Thursday, while Marvell was up 4.5 per cent
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In Silicon Valley, AI data center boom meets local resistance
SAN JOSE, California, Sept 17 : In Silicon Valley’s biggest city, residents and environmental groups are organizing against a wave of proposed data center projects that officials have courted in a bid to position the city as a hub for AI infrastructure. The clash highlights a challenge confronting policymak
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Microsoft plans 38 gigawatts of data center capacity by 2032, Bloomberg News reports
Sept 10 : Microsoft plans to build out its data-center capacity to about 38 gigawatts by 2032, more than triple its current footprint, Bloomberg News reported on Thursday, citing people familiar with the matter.Here are some details:• According to the report only about 2 gigawatts of the company’s cu
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India’s TCS unit to invest up to $7.4 billion in AI data center campus
Sept 5 : A subsidiary of Tata Consultancy Services and its partners will invest up to 700 billion rupees ($7.41 billion) to build a 1 gigawatt AI data center campus in the Indian state of Telangana, the company said on Saturday.• TCS’s subsidiary HyperVault has secured 264 acres in Hyderabad for the projec
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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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