Tag: infrastructure
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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 to provide up to $105 billion guarantee for OpenAI’s Ohio data center
Aug 17 : Nvidia has agreed to guarantee as much as $105 billion in lease payments to help OpenAI secure a sprawling data center in Ohio being developed by SoftBank-backed SB Energy, in one of the chipmaker’s largest infrastructure financing commitments. The chip giant will also invest $1.5 billion in SB Ener
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Bank of America pledges $250 billion for US infrastructure financing
NEW YORK, Aug 12 : Bank of America said on Wednesday it plans to deploy $250 billion by July 2027 to support U.S. digital and infrastructure projects, a move it says will boost the country’s economic growth and help create tens of thousands of jobs. The Wall Street bank said its “Critical Infrastructure Fi
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Bank of America launches $250 billion initiative for US tech, energy infrastructure
Aug 12 : Bank of America said on Wednesday it plans to deploy $250 billion through July next year to support U.S. digital and infrastructure projects, an initiative it says will bolster the country’s economic growth and help create tens of thousands of jobs.The Wall Street bank’s “Critical Infrastructure Fina
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Nvidia gets $500bn from major investors to develop AI infrastructure
The money will be used to develop new data centres to house, operate, and cool miles of stacked computer chips that process AI data and actions.
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Exclusive-JPMorgan CEO Dimon leads new cross-industry effort to tackle AI risks
NEW YORK, Aug 5 : JPMorgan Chase CEO Jamie Dimon is urging corporate leaders to join a U.S.-focused industry group to address risks posed by AI, as corporate America rapidly adopts the developing technology, two sources familiar with the matter said. Dimon has personally reached out to CEOs of other large an
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Did Iran hack water systems in seven US states?
While US President Donald Trump has said Iran is not to blame, cyber experts tell the BBC it likely the attack was at the hands of the Iran.
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SK hynix posts 1,200% net profit boost on AI chip boom
SEOUL: South Korea’s SK hynix said on Wednesday (Jul 29) that second-quarter net profit soared a whopping 1,242 per cent year-on-year, driven by the artificial intelligence industry’s explosive demand for its advanced memory chips.SK hynix is a specialist supplier of high-bandwidth memory chips to US industry
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Minnesota IT officials disclose ‘coordinated cyberattack’ at more than 30 local water systems
July 28 : A “coordinated cyberattack” targeted more than 30 community water systems in the U.S. state of Minnesota on July 26 and July 27, the state’s IT agency said in a statement.The agency, Minnesota IT Services, said it was not aware of any active requests from Minnesota cities to have residents modify th
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Why Berlin’s streets are suddenly so conjested
Berlin is locked in debate over its transport plans. With bike lanes being removed, cyclists are calling for fewer cars, lower speed limits and better air.
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