EcoDataCenter, a Swedish company that builds eco-friendly data centers used by major compute providers to handle their AI traffic, has raised nearly half a billion dollars — $478 million (€450 million) to be exact — in anticipation of more demand. The equity funding, which is coming from a group of unnamed institutional investors, will be […]
Upholding export controls on semiconductor chips made in the U.S. made chips may be harder than Washington D.C. thinks. Chinese buyers are getting their hands on computing systems with Nvidia’s Blackwell chips through third-party traders located in other regions, the Wall Street Journal reported. Buyers in Malaysia, Taiwan and Vietnam are buying these resources for
Chinese buyers are getting Nvidia Blackwell chips despite U.S. export controls Read More »
Data centers consumed 4.4% of U.S. electricity in 2023 and are estimated to use up to 12% by 2028. The majority of the energy data centers suck up is used to help transfer data from chip to chip. A company called Hyperlume is looking to make that process more energy-efficient while also speeding it up.
Hyperlume wants to make chip-to-chip communication faster and more efficient Read More »
This month, the Trump administration instituted sweeping cuts within the federal agencies in charge of power from hydroelectric dams, raising fears of grid instabilities in key data center markets. The recent layoffs slashed between 13% to 20% of the four Power Marketing Administrations’ workforces, affecting everyone from linemen to the teams that direct power on
Trump admin reverses hydropower layoffs that sparked grid stability fears Read More »
Tech companies, data center developers, and power utilities have been panicking over the prospect of runaway demand for electricity in the U.S. in the face of unprecedented growth in AI. Amidst all the hand wringing, a new paper published this week suggests the situation might not be so dire if data center operators and other
Data center tweaks could unlock 76 GW of new power capacity in the U.S. Read More »
Tech companies may be vocal about their love of advanced nuclear power — the flashy trend that’s been sweeping the energy sector — but they continue to add renewable capacity. Meta recently signed a deal with Spanish renewable developer Zelestra for 595 megawatts of solar power in Texas, just two weeks after signing a separate
Meta turns to solar — again — in its data center-building boom Read More »
The data center market is booming, driven by AI demand. Just last week, OpenAI said that it plans to team up with backers including SoftBank to spend at least $100 billion on data center infrastructure in the U.S. Microsoft aims to put around $80 billion toward AI infrastructure this year, and rival tech giants have
Data center operator DataBank nets $250M equity investment Read More »
Stargate — the massive infrastructure project to build data centers for OpenAI in the U.S. — lacks a fully developed plan and hasn’t secured funding yet, according to a report from the Financial Times. Backed by OpenAI, SoftBank, Middle East AI fund MGX, and others, Stargate would funnel around $100 billion — and upward of
OpenAI’s Stargate project reportedly doesn’t have the money it needs Read More »
Oil and gas isn’t the only source of energy lurking under our feet. Drill deep enough and the Earth’s temperature stays consistent enough that it can be a source of heating and cooling for homes, offices, and data centers. But in many regions, geothermal wells today bottom out at around 500 feet, a limitation that
Bedrock Energy wants geothermal to make data centers cooler and offices more comfortable Read More »
We may now know roughly how much money SoftBank and OpenAI are contributing toward Stargate, the massive infrastructure project to build data centers for OpenAI across the U.S. SoftBank and OpenAI each plans to commit $19 billion of capital to Stargate, according to The Information. The two companies would then both own 40% of the
OpenAI and SoftBank are reportedly putting $19B each into Stargate Read More »
