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Big Tech proposes power-rate terms in Ohio data-center fight

Economic Times

Economic Times · 9m ago

Big Tech proposes power-rate terms in Ohio data-center fight

- Microsoft, Alphabet, Meta, Amazon, and other tech firms propose an alternative framework for data centers' power payment in Ohio. - Utility AEP Ohio had previously proposed financial assurances for data centers and cryptocurrency miners due to an overwhelming number of requests. - Ohio is attracting data centers due to its high-power capacity for technologies like generative AI. - AEP Ohio paused new contracts for data centers amid the surge in demand. - Big Tech, power companies, and others are opposing AEP's proposal before the Public Utilities Commission of Ohio. - Some companies seek to settle the case by suggesting changes to AEP's rules and the payment terms for transmission upgrades.

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Reliance's Tamil Nadu campus may host Meta’s first India data centre

Economic Times

Economic Times · 1y ago

Reliance's Tamil Nadu campus may host Meta’s first India data centre

Social media giant Meta is reportedly planning to establish its first data center in India at the Reliance Industries campus in Chennai. The move will enable Meta to process user-generated content locally and improve the user experience across its flagship apps like Facebook, Instagram, and WhatsApp. Currently, Meta's Indian user data is serviced at its data center in Singapore. The Chennai data center will allow for faster data processing and the possibility of running large AI models locally. India's data center industry is expected to double in capacity over the next three years, attracting big tech companies like Meta and Google to localize data storage in the country.

US utilities signal booming demand from data centers as AI takes root

Economic Times

Economic Times · 11m ago

US utilities signal booming demand from data centers as AI takes root

US utilities are signing power supply agreements with data center operators to meet the increasing demand for electricity in the booming artificial intelligence industry. Goldman Sachs predicts that data centers will account for 8% of US power generation by 2030, compared to 3% in 2022. Among the recent announcements, Ameren signed a deal to supply 250 MW of power to a data center, while Alliant Energy and Exelon also secured undisclosed agreements. American Electric Power signed letters of intent to power an additional 15 GW of data centers, and Xcel Energy will supply power to Meta Platforms' new data center in Minnesota.

Trump announces $20 billion investment in US data centres

Economic Times

Economic Times · 6m ago

Trump announces $20 billion investment in US data centres

US president-elect Donald Trump announced a $20 billion investment to establish data centers across the U.S., in collaboration with Emirati billionaire Hussain Sajwani, chairman of DAMAC Properties. This move aligns with the global trend of tech giants accelerating data center development for AI applications requiring substantial computing power. Microsoft, for instance, plans to invest $80 billion this fiscal year in AI capacity. McKinsey estimates that global data center spending could surpass $250 billion by 2030.

Sam Altman-backed Oklo signs power agreement with data centre operator

Economic Times

Economic Times · 7m ago

Sam Altman-backed Oklo signs power agreement with data centre operator

Nuclear startup Oklo has signed an agreement to provide power to data center operator Switch. Oklo will develop Aurora powerhouse nuclear reactors with a total capacity of 12 GW, powering data centers through 2044. This move highlights the growing demand for clean and reliable energy sources like nuclear power, as several US utilities are signing similar deals to power tech companies' data centers. Oklo's stock rose 12% following the news. Switch operates renewable energy-powered data centers and serves clients like Google and PayPal, while Oklo aims to develop modular nuclear reactors by 2027.

US nuclear plants won't power up Big Tech's AI ambitions right away

Economic Times

Economic Times · 9m ago

US nuclear plants won't power up Big Tech's AI ambitions right away

Constellation Energy and Microsoft are planning to reopen the Three Mile Island nuclear plant to power their expanding AI data centers. The move comes as data center power consumption is projected to double by 2030, leading tech companies to seek energy sources for their growing needs. However, there are regulatory hurdles, potential supply chain issues, and local opposition that need to be overcome. The reopening plan for the Pennsylvania-based plant's Unit 1 reactor, which closed five years ago, aims to offset the power consumption of Microsoft's data centers in the region. Similar nuclear contracts for data centers are also being considered.

Epic Games proposes Google app store reforms after antitrust win

Economic Times

Economic Times · 1y ago

Epic Games proposes Google app store reforms after antitrust win

Epic Games has asked a federal judge to require Google to open up its Play Store to more competition in response to a jury finding that Google abused its power as a gatekeeper for apps on the Android platform. Epic also called for more freedom for users to download apps and restrictions on Google's ability to limit competing app stores. Google has defended its app store practices and denied any wrongdoing. The court filing sets up a key test for Google's control over app developers and consumers but a fight is expected before any permanent orders are issued.

AI data center boom spurs race to find power

Livemint

Livemint · 9m ago

AI data center boom spurs race to find power

The tech industry's increasing demand for electricity to power artificial intelligence (AI) is causing a shortage in available power. The need for electricity for data centers, factories, and electric vehicle charging infrastructure is causing high-voltage electric wires to reach capacity. Some prospective data center customers are being told they may have to wait until the next decade to get the power they need. The growing demand for power is also sparking fights over grid upgrades and how to pay for them. This demand is driven by the rapid growth of AI spending and an increase in electric power requirements for transportation and industry.

RMZ arm, London’s Colt form $1.7-bn JV to develop data centers in India

VCCircle

VCCircle · 8m ago

RMZ arm, London’s Colt form $1.7-bn JV to develop data centers in India

Bengaluru-based RMZ Infrastructure and London-headquartered Colt Data Center Services have formed a joint venture with a plan to invest up to $1.7 billion in India's data center market. The joint venture will develop data centers with a combined capacity of 250 MW in India. It will initially invest in three ongoing data center projects, located in Navi Mumbai and Ambattur, Chennai. RMZ and Colt have already developed the first phase of the Navi Mumbai data center, with the second phase underway. The project will deliver 134 MW of IT power.

AI surge to double data centre electricity demand by 2030: IEA

Economic Times

Economic Times · 3m ago

AI surge to double data centre electricity demand by 2030: IEA

The International Energy Agency (IEA) reports that data centers' electricity consumption will more than double by 2030, driven by artificial intelligence (AI) applications. AI's substantial computing power demands challenge energy security and CO2 reduction goals. Currently, data centers represent 1.5% of global electricity usage, projected to reach 3% by 2030. Big tech firms are increasingly seeking alternative energy sources, including nuclear power, to meet needs. AI offers opportunities to enhance energy efficiency while increasing consumption.

Chatbots came to conquer their community. The townsfolk fought back.

Business Insider

Business Insider · 1y ago

Chatbots came to conquer their community. The townsfolk fought back.

Prince William County in Virginia is the battleground for a new kind of civil war. Tech companies, QTS and Compass, are planning to build one of the largest data center developments in the world. However, this has resulted in a conflict between the tech giants and local residents who see the data centers as an existential threat and an invasion of their community. The rapid growth of data centers, driven by the demand for AI and cloud storage, is putting strain on power grids and water supplies, posing environmental concerns.

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