AI infrastructure startup Volta has emerged from stealth with a $2.4 billion valuation and a $10 billion agreement to provide cloud computing capacity in Europe alongside Bitdeer Technologies. The seven-month-old company said the six-year agreement will support an unnamed AI company through infrastructure at a Bitdeer-operated data centre in Norway. Bloomberg reported that the customer […]
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AWS recorded its fastest growth in more than four years during the second quarter, but Amazon said it still lacked enough computing capacity to meet customer demand despite raising its 2026 capital spending forecast to $220 billion. AWS revenue rose 37% year over year to $42.2 billion in the quarter ended June 30. The result […]
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AMD has signed an agreement with Core Scientific for access to more than 500 megawatts of AI-ready data centre capacity in the US beginning in 2027. The arrangement can be expanded to as much as 2.5 gigawatts. AMD customers will be able to use the capacity to deploy AI systems based on the company’s hardware […]
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Nvidia is reportedly discussing a $250 billion financing guarantee linked to a 10GW data centre project that OpenAI is considering leasing in Ohio. The proposed arrangement would extend Nvidia’s role beyond supplying computing and networking equipment by adding financial support for the infrastructure project. The facility would be developed by SB Energy, a SoftBank subsidiary, […]
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Meta is in early discussions to lease computing capacity to Anthropic under a two-year agreement worth up to $10 billion, according to The New York Times. The proposed arrangement would give Anthropic access to computing infrastructure supplied by Meta while creating a potential external revenue stream for the company. The reports did not identify the […]
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New York has paused state environmental approvals for large new data centre projects while it develops rules covering electricity demand, environmental effects, and infrastructure costs. As reported by Reuters, the moratorium will remain in place for up to one year and applies to new facilities and expansions capable of consuming at least 50MW. New York […]
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Large data centre projects intended to support AI and cloud workloads are facing power shortages and grid delays. Some are also facing planning disputes, land-use concerns, and rising construction costs. A report by The Guardian, citing data from the Uptime Institute, said 250 data centre projects requiring more than 100MW of power each were announced […]
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South Korea is moving to expand its AI infrastructure base through a series of projects covering data centres, semiconductors, and robotics. SK Telecom plans to build up to 15GW of AI data centre capacity. The plan follows a set of South Korean “mega projects” covering semiconductors, physical AI, and AI data centres. Samsung Electronics, SK […]
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Meta Platforms is developing plans for a cloud infrastructure business that would sell access to AI computing power and models, Bloomberg reported, citing people familiar with the matter. CNBC later reported that Meta plans to sell excess computing power to outside customers. The business would compete with Amazon Web Services, Microsoft Azure, Google Cloud, and […]
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Microsoft has signed a 20-year power agreement with Chevron for a planned AI data centre in West Texas. Chevron’s wholly owned subsidiary, Energy Forge One LLC, signed the power purchase agreement with Microsoft. The agreement covers dedicated electricity for a Microsoft-operated data centre through Project Kilby, a co-located power facility and data centre complex. Chevron […]
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