Tag: data center
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AMD signs AI data center deal with Core Scientific
July 28 : AMD on Tuesday signed a deal with Core Scientific to secure up to 2.5 gigawatts of data center capacity as the chip firm expands infrastructure to meet growing demand for AI computing.Shares of Core Scientific jumped 6 per cent in premarket trading, while AMD’s stock was down 4 per cent, tracking ot
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Meta, BlackRock partner on $14 billion El Paso data center
July 28 : Meta Platforms and the world’s largest asset manager BlackRock on Tuesday announced a venture to develop and operate a data center campus in El Paso, Texas, a project that would cost about $14 billion in development.The race to build out AI infrastructure has prompted tech giants to turn to debt sal
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Nvidia behind $50 billion lease on Texas data center, FT reports
July 28 : Nvidia has signed leases worth up to $50 billion for Hut 8’s Texas data center, the Financial Times reported on Tuesday, citing five people familiar with the deal.Hut 8 said last week its 1-gigawatt Beacon Point campus had a base-term contract value of $19.6 billion over 15 years, rising to as much
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Nvidia in talks with OpenAI to guarantee $250 billion financing for data center, WSJ reports
July 26 : Nvidia is in talks to provide a roughly $250 billion financing for OpenAI as part of a massive data center project, The Wall Street Journal reported on Sunday. The guarantees from Nvidia would help the ChatGPT maker lease a 10-gigawatt project that SoftBank’s energy subsidiary is developing in sou
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India’s HCLTech to invest $1.48 billion in AI data center, open 5,000-seat tech hub
July 24 : India’s HCLTech said on Friday it would invest 142.57 billion rupees ($1.48 billion) to set up its first AI data center in the eastern state of Odisha in partnership with homegrown startup Sarvam AI.India’s IT services firms are entering the data center business to capitalise on demand from AI and
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India’s HCLTech to set up $1.48 billion AI data center along with domestic startup
July 24 : India’s HCLTech said on Friday it would invest 142.57 billion rupees ($1.48 billion) to set up its first AI data centre in the eastern state of Odisha in partnership with homegrown startup Sarvam AI.The investment will include financial support from the Odisha government, the company said.Las
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SpaceX plans Texas data center expansion, The Information reports
July 22 : SpaceX is preparing for at least one new large-scale data center in Texas, The Information reported on Wednesday, citing people familiar with the matter.The expansion would significantly increase the company’s AI computing capacity beyond its existing Memphis-area hub, where it operates two data cen
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Hut 8 signs $9.8 billion AI data center lease, fully commercializes Texas campus
July 20 : Hut 8, a crypto-mining turned AI data center company, said on Monday it has signed a second 15-year lease worth $9.8 billion with an existing investment-grade customer, fully commercializing its 1-gigawatt Beacon Point campus in Texas.Shares of the company, which have nearly doubled this year, rose
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US data center protests go national as backlash grows
July 18 : Opponents of the rapid buildout of data centers plan to hold protests on Saturday in at least 125 locations across the United States, the first coordinated national effort to channel anger at the AI infrastructure expansion that has ramped up over the past year and roiled local politics.The protest
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New York becomes the first state to impose a data center moratorium
July 14 : New York became the first U.S. state on Tuesday to halt construction of large new data centers, imposing a one-year moratorium as concerns grow that the facilities driving the artificial-intelligence boom are raising power costs, straining water supplies and burdening local communities.The moratoriu
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