Saudi Arabia’s Humain picks Goldman Sachs to advise on data centre financing, sources say
DUBAI, May 19 (Reuters) – Saudi Arabia-backed artificial intelligence company Humain has picked Goldman Sachs (GS.N), opens new tab to advise on a financing package to build data centres in the kingdom that could be worth at least 20 billion riyals, two sources with knowledge of the matter told Reuters, as the firm races to expand capacity […]
Are data centers pushing grid costs onto consumers?
Hello! Power and pricing take today’s focus as we unpack the ways in which millions of Americans are unknowingly financing electric grid projects before they get any benefit, passing on costs to customers, as officials seek to upgrade electric grids to keep up with demand from data centers. We’ll also look at how Chile’s environmental […]
US clears H200 chip sales to 10 China firms as Nvidia CEO looks for breakthrough
May 14 (Reuters) – The U.S. has cleared around 10 Chinese firms to buy Nvidia’s second-most powerful AI chip, the H200, but not a single delivery has been made so far, three people familiar with the matter said, leaving a major technology deal in limbo as CEO Jensen Huang seeks a breakthrough in China this […]
Burning data centers in Gulf make Türkiye new alternative
Türkiye is increasingly positioning itself as a potential magnet for data center investment. (Shutterstock Photo) Türkiye has announced tax incentives for individuals and companies affected by the Gulf crisis due to the Iran war. It is now preparing a broader package centered on energy continuity and fiscal advantages to attract AI data centers negatively impacted […]
TSMC says global chip market to hit $1.5 trillion by 2030 as AI drives growth
HSINCHU, Taiwan, May 14 (Reuters) – TSMC (2330.TW), opens new tab, the world’s largest contract chipmaker, expects the global semiconductor market to exceed $1.5 trillion by 2030, topping its previous forecast of $1 trillion, according to its presentation materials ahead of a tech symposium on Thursday. Here are the details: TSMC’S GLOBAL FOOTPRINT
Geothermal startup Fervo Energy pops 33% in IPO debut fueled by AI data center demand
Fervo Energy, the geothermal energy startup, saw its market valuation surpass $10 billion in its public market debut, an increase driven by demand for AI data centers — and the energy that can power them. Fervo had raised $1.89 billion in an upsized initial public offering on Wednesday, which initially valued the company at around […]
NEXTDC launches first overseas data center in Kuala Lumpur
NEXTDC has launched KL1 Kuala Lumpur, its first data center outside Australia, marking the company’s entry into Southeast Asia. The facility is located in the Klang Valley, Malaysia’s main commercial and technology region. NEXTDC said KL1 represents a long-term investment of AUD$1 billion. KL1 is designed to provide 65MW of IT capacity. The company said […]
Malaysia prioritising high-value AI data centres, says BMI
Filepix for illustration purpose only. KUALA LUMPUR (May 12): BMI, a unit of Fitch Solutions, views Malaysia as prioritising high-value and capital-intensive projects by formalising its policy of only approving larger artificial Intelligence (AI) data centres that require more capital. In a note, BMI said this view was reinforced by a policy announced by Prime […]
AI growth pushes Alphabet closer to overtaking Nvidia as world’s biggest company
[CHICAGO] Over the past year, Alphabet has gone from an artificial intelligence afterthought to the one firm in the market with dominant positions in nearly every aspect of the technology. Now it’s on the brink of overtaking AI chip giant Nvidia as the largest company in the world. “Alphabet holds a significant spot in almost […]
AI data centers face increasing complaints about inaudible but ‘felt’ infrasound — citizens complain high- and low-frequency sounds do not register on decibel meters but cause adverse health effects
Data centers are hurting the ears of the people living around them. Data center projects have faced resistance from residents and communities over their impact on power prices, but another complaint is being raised more frequently — noise pollution. One form of sound pollution is called infrasound, which is inaudible to humans but can be […]