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AI INFRASTRUCTURE EXPANSION
Lightstorm secures ₹2,500-cr debt for AI fibre networkLightstorm secured a Rs 2,500 crore debt facility from IndusInd Bank for AI fibre highways. This funding will support the company's AI infr...- IBM, Together AI ink $240 million deal for Nvidia-powered AI inference clusterThe cluster will provide inference for open-source AI models, which have gained traction as businesses seek to rein in AI costs and weigh...
- Amazon’s Texas AI data center faces a huge climate problem: 7.65GW gas plant could become America’s biggest source of CO₂ emissions in the US as tech giant races to power the AI boomAmazon’s massive Texas AI data center is drawing environmental scrutiny after plans for a 7.65GW natural gas power plant revealed it could ...
- DPIIT signs 5 MoUs to expand digital, cloud and investment support for startupsThe Department for Promotion of Industry and Internal Trade (DPIIT) has signed five strategic Memoranda of Understanding (MoUs) with indust...
- Global Market: China, Hong Kong stocks rise as strong trade data and AI demand lift sentimentChina and Hong Kong equities advanced on Friday after stronger-than-expected July trade data reinforced confidence in the country's export ...
- Microsoft launches fourth India cloud region in HyderabadThe new 'India South Central' cloud region makes Microsoft the provider with the largest hyperscale cloud presence in the country, adding t...
- Firmus nearly doubles valuation to over $10.5 billion in 4 months with Nvidia-backed fundraiseFirmus secured two billion dollars in equity funding this week. This investment brings the company's valuation to over ten point five billi...
- Nazara’s new raise; PEs gravitate to startupsHappy Friday! Nazara Technologies will raise funds via a preferential issue. This and more in today’s ETtech Morning Dispatch.
- Uttar Pradesh cabinet approves establishment of deep tech innovation centre U-HubUttar Pradesh will establish deep tech U-Hubs in Lucknow and Noida. These hubs will foster innovation and create thousands of technology jo...
- Kazakhstan positions itself as key logistics hub linking Europe with Asia & regional AI hubKazakhstan is expanding its transport infrastructure to link Europe and Asia. New highway construction and corridor expansions aim to boost...
- SpaceX shares tumble 12%, fall below IPO price as AI spending concerns mountSpaceX has demonstrated accelerated returns on its AI investments, though investors express concerns regarding future funding for data cent...
- Internet subscribers cross 109 crore; 2.21 lakh Gram Panchayats made service-ready under BharatNet: GovtInternet subscribers have surpassed 109 crore, and over 2.21 lakh Gram Panchayats are now service-ready. Telephone connections also saw a s...
- India's data centre capacity rises over four-fold to 1,575 MW as AI demand accelerates: GovtSince 2020, India's data centre capacity has surged fourfold to around 1,575 MW. This impressive growth stems largely from rising needs in ...
- Sterlite Tech, HFCL gain 5% each on reports of US ban on Chinese data centre devicesShares of Sterlite Technologies and HFCL rallied 5% each after reports that the US administration is considering restrictions on Chinese da...
- The AI competition paradoxChina's open-source AI models are challenging US dominance, driving intense competition. Chinese firms are gaining market share through low...
- AMD's AI-powered revenue forecast fails to wow investorsYet, its shares fell nearly 9% in extended trading, suggesting that investors were looking for an even stronger outlook after the stock mor...
- US stocks: SpaceX quarterly revenue surges in debut results on strong growth in its Starlink businessSpaceX has announced an impressive 92% increase in revenue for the latest quarter, primarily fueled by the growth of Starlink and its AI in...
- Meta cut 8,000 jobs. CEO Mark Zuckerberg says AI is creating more work—but not inside MetaMeta's chief executive states artificial intelligence generates jobs via infrastructure demands. Thousands of corporate roles disappeared w...
- CoreWeave expands into Indonesia, announces first data center in Asia-PacificAI cloud firm CoreWeave is expanding into Indonesia with three new data centers. This move marks their first data-center presence in the As...
- Data centres draw 40% of institutional capital in the June quarterData centres are now the second-largest investment recipient, attracting substantial institutional capital. Rapid AI adoption and cloud exp...
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