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AI BOOM REACHES SMALL TEXAS TOWN
In 1999, a farmer donated land for a children's park, now it's home to a $1 billion data center sparking a bitter community fightTaylor data center controversy: A ten-dollar land deal for a future park in Taylor, Texas, now faces a billion-dollar data center proposal....- Fitch warns AI market correction emerging as major global credit riskRatings agency Fitch warns of significant AI-related market correction risks. Unprecedented AI spending and soaring tech valuations raise c...
- Meta, BlackRock partner on $14 billion El Paso data centerMeta Platforms and BlackRock are developing a $14 billion data center campus in El Paso, Texas. BlackRock-managed funds will own eighty per...
- Nvidia behind $50 billion lease on Texas data center, FT reportsIn an impressive move, Nvidia is reportedly set to lease Hut 8's data center in Texas, with the value of the arrangement potentially soarin...
- US President Trump's economy at 18 months is a tale of shocks, resilience, and signs of stalled progressPresident Trump's initial eighteen months saw economic shocks from immigration and tariffs. An Iran war also impacted oil prices and global...
- Digital Realty raises annual FFO forecast on robust data center demandDigital Realty Trust has raised its forecast for funds from operations for the entire year, driven by a surge in leasing activity from clou...
- Chris Wood warns of massive capital destruction in US as China challenges AI boomJefferies strategist Chris Wood warns that the AI infrastructure boom could trigger massive capital destruction as cheaper Chinese open-sou...
- Intel, AMD sign long-term server CPU deals with Chinese clients as prices surgeThe move highlights a broader consequence of the AI boom: demand has spread beyond AI accelerators to memory, networking gear and server pr...
- Google quarterly cloud revenue growth beats expectationsGoogle Cloud revenue surged eighty-two percent, fueled by strong enterprise demand for AI services. This significant growth helped offset c...
- South Africa's data centre 'gold rush' risks resource crunchSouth Africa is becoming Africa's digital hub with expanding data centres. This growth, however, raises concerns about electricity and wate...
- South Africa's data centre 'gold rush' risks resource crunchEmerging as the digital powerhouse of Africa, South Africa's expanding data centers play a vital role in reinforcing national security and ...
- OpenAI says AI models went rogue during testing, triggering 'unprecedented' breach at startupIn a blog post, OpenAI said it was testing the capabilities of some of its most advanced models in a controlled environment but that the ag...
- In 1969, a Texas businessman asked a realtor to find him the worst ranch available; decades later, the lifeless land had become a 5,500-acre preserve with flowing springs and 220 bird speciesA Texas businessman transformed a severely degraded ranch into a thriving nature preserve. He cleared invasive cedar trees and planted nati...
- Energy shock vs AI boom: RBI should act as and when external shocks push domestic data in a direction, not until thenGlobal growth faces pressure from an energy shock and a tech boom. The energy shock stems from conflict, impacting oil prices and shipping ...
- Hut 8 signs $9.8 billion AI data centre lease, fully commercialises Texas campusHut 8 signed a second 15-year lease worth $9.8 billion. This agreement fully commercialises their 1-gigawatt Beacon Point campus in Texas. ...
- Global Market: ASML's AI-fuelled rally raises prospects of becoming Europe's first trillion-dollar companyThe artificial intelligence boom has propelled Dutch chip equipment maker ASML to become Europe's most valuable listed technology company, ...
- Could AI chip boom make ASML Europe's first trillion-dollar firm?After blowout second quarter earnings, investors and analysts are asking a once far-fetched question: could ASML become Europe's first ever...
- Samsung cuts US jobs, offers relocations ahead of HQ moveSamsung Electronics has reduced jobs in its United States consumer electronics divisions. Many workers in New Jersey and Texas were affecte...
- US data centre protests go national as backlash growsProtesters are organising nationwide demonstrations against the rapid expansion of data centres. These demonstrations aim to voice concerns...
- Wall Street banks are having their best trading year since 2009. Does that mean a crash is coming?Wall Street banks are on track for record trading revenue, driven by AI investing, dealmaking and active markets rather than crisis conditi...
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