Where authorities are restricting data centres amid AI boomGovernments globally are restricting new data centre construction due to rising concerns. New York State enacted a one-year construction mo...
15 Jul, 2026, 01.54 PM IST
New York won't build big data centers for a year as it weighs energy and climate risksThe move pushes the state into a raging debate over how to regulate the AI industry, as concerns over rising electric bills and environment...
15 Jul, 2026, 08.15 AM IST
Wall Street banks see AI 'super cycle' set to boost deals, financingInvestment banks have reaped strong fees from AI-related deals, including SK Hynix's $26.5 billion ADR offering and SpaceX's record $86 bil...
14 Jul, 2026, 11.33 PM IST
Data center firm Switch taps banks for IPO that could value it up to $80 billionData center operator Switch is preparing for a significant initial public offering. This offering could potentially raise up to ten billion...
14 Jul, 2026, 09.02 PM IST
AI startup Reflection signs over $1 billion computing deal with NebiusThe move builds on Reflection's June agreement with SpaceX for computing capacity, a deal that media reports said would see the startup p...
14 Jul, 2026, 04.52 PM IST
New York first US state to ban new data centres for a yearNew York has paused large data center construction for one year. This action addresses concerns about rising power costs and strained water...
14 Jul, 2026, 03.00 PM IST
HCLTech to invest Rs 3,500 crore in data centre businessThis came alongside the announcement of the IT company's June quarter result. HCLTech posted over 20% year-on-year rise in its consolidated...
13 Jul, 2026, 06.41 PM IST
White House to rally utilities, data centers over AI power costsThe White House plans a voluntary pledge for utility companies and data centers. This initiative aims to manage AI's growing electricity de...
13 Jul, 2026, 03.41 PM IST
Meta expands Louisiana data center to 5 gigawatts compute capacityMeta plans a significant expansion of its Louisiana data center to five gigawatts. This major investment will support the company's growing...
13 Jul, 2026, 03.38 PM IST
Meta to put AI chip into production in September as it looks to double computing capacityThe tech firm's data center chip, code-named "Iris," is part of a four-generation project for Meta Training and Inference Accelerators (MTI...
13 Jul, 2026, 12.27 AM IST
Data center pipeline faces construction delays, cancellations to mount through 2027: BernsteinGlobal data center capacity faces delays and cancellations until after 2026. Power and supply chain constraints are significantly impacting...
12 Jul, 2026, 09.58 AM IST
Meta announces $9.17 billion Canada AI data center that will consume electricity equal to 800,000 homesMeta will invest C$13 billion to build its first Canadian AI data center in Alberta. This massive facility will require electricity equival...
11 Jul, 2026, 11.49 AM IST
SpaceX's near-term AI payoff seen tethered to Earth, not outer spaceSpaceX's current value stems from building essential AI infrastructure on Earth. The company is generating significant revenue from terrest...
10 Jul, 2026, 08.18 PM IST
SpaceX's near-term AI payoff seen tethered to Earth, not outer spaceInfrastructure providers, particularly data centers, are poised to be among the biggest beneficiaries of the AI boom as businesses and cons...
10 Jul, 2026, 07.04 PM IST
Donald Trump's son bet big on Bitcoin, lost $600 million from family fortuneAmerican Bitcoin, though, stuck with its crypto strategy and has seen its shares slump more than 95% from their peak. That’s erased more th...
09 Jul, 2026, 09.02 PM IST
Meta to put AI chip into production in September as it looks to double computing capacity, memo showsMeta Platforms plans to manufacture its own artificial intelligence chip starting September. This initiative aims to significantly increase...
09 Jul, 2026, 05.03 PM IST
Meta to build C$13 billion Alberta data center, its first in CanadaMeta has doubled down on AI, pledging hundreds of billions of dollars to build large AI data centers in the U.S. The Alberta announcement r...
09 Jul, 2026, 09.26 AM IST