🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Spain, Portugal Power Cost Edge Seen Fueling AI Data Center Boom

Livemint

Livemint · 1y ago

Spain, Portugal Power Cost Edge Seen Fueling AI Data Center Boom

Spain and Portugal's abundance of low-cost renewable energy is driving investments in AI infrastructure and increasing data center power consumption by over eight times in a decade, says Aurora Energy Research. The two nations have an advantage over higher-cost countries like the UK and Germany due to their reliable grids, extensive fiber connectivity, and low spot energy prices, making them attractive for these investments. Iberian data centers are expected to experience an increase in power demand of 21 terawatt-hours until 2035, which will help absorb the excess supply of renewable power generated in the region. The main challenge could be the cost of cooling chips in hot temperatures.

Related News

Unpacking India’s data centre boom - The Economic Times

Economic Times

Economic Times · 4d ago

Unpacking India’s data centre boom - The Economic Times

India's data centre industry is experiencing a significant boom, driven by AI adoption and data protection laws. Global and local firms plan to invest over $50 billion in the next five to seven years, increasing capacity from 1 GW to 9 GW. Factors such as cheap power, skilled talent, and rising data demand are attracting investments. Data consumption in India is projected to soar, further fueling the growth of data centres in the country.

Data Center Euphoria Starts to Ebb After DeepSeek

Livemint

Livemint · 10m ago

Data Center Euphoria Starts to Ebb After DeepSeek

The recent market upheaval driven by DeepSeek’s chatbot is prompting a reassessment of the AI-related investment boom. While demand for AI technology and data centers remains strong, some investors express caution, fearing AI's impact might mirror the rapid influx and subsequent oversupply seen in green energy investments. Despite concerns, areas like digital infrastructure are still viewed as essential, and significant growth in data center construction continues, underscoring ongoing demand for AI-related facilities.

Yotta to unveil new Greater Noida, Guwahati data centres in 2024

Livemint

Livemint · 1y ago

Yotta to unveil new Greater Noida, Guwahati data centres in 2024

Yotta Data Services, backed by Hiranandani Group, is expanding its 'D1' data center in Greater Noida with two new buildings and starting work on an 'edge' data center in Guwahati. The expansions are expected to be completed and operational by mid to end-2024. Yotta CEO, Sunil Gupta, mentioned that the Uttar Pradesh government has provided support for power consumption requirements. Yotta is also eyeing expansion into tier-II markets as demand for edge data centers increases. The company aims to leverage the potential use cases of IoT and AI-driven technologies with the advent of 5G.

US power companies increase data centre demand spending as DeepSeek fears wane

Economic Times

Economic Times · 9m ago

US power companies increase data centre demand spending as DeepSeek fears wane

US electric utilities are significantly increasing investments to boost power supplies and grid infrastructure, driven by rising energy demands from AI and cloud computing data centers. Companies like PPL Corp, Dominion, and Exelon have enhanced capital plans, reflecting the rapid growth in data center power consumption. Despite initial concerns over AI startup DeepSeek, utilities maintain strong demand projections, with large-scale data centers requiring extensive power. Utilities face regulatory challenges in balancing these investments and potential cost implications for consumers.

Meet CoreWeave, the AI industry’s ticking time bomb

The Verge

The Verge · 17d ago

Meet CoreWeave, the AI industry’s ticking time bomb

CoreWeave, a data center company pivoted from crypto, is thriving in the AI boom by supplying compute power from Nvidia chips. Despite $1.4 billion quarterly revenue, it faces massive debt and uncertain profitability. Issues include heavy reliance on top clients, like Microsoft and OpenAI, which could become competitors, and dubious financial practices. CoreWeave’s survival hinges on rapid AI adoption. Nvidia heavily backs it, with significant mutual dependencies, raising concerns about CoreWeave being essentially an Nvidia extension.

Meta to add 100MW of solar power from US gear | TechCrunch

TechCrunch · 3m ago

Meta to add 100MW of solar power from US gear | TechCrunch

Meta has partnered with Silicon Ranch to develop a $100 million, 100-megawatt solar farm in South Carolina, set to power its planned AI data center. This marks their 18th collaboration, contributing to over $2.5 billion in investments. The solar farm, operational by 2027, exemplifies Meta's strategy to meet net-zero carbon emissions goals while leveraging the cost-effectiveness and quick deployment of solar power for new data centers.

Wipro, Dell Technologies expand partnership to strengthen enterprise AI offerings

YourStory

YourStory · 1y ago

Wipro, Dell Technologies expand partnership to strengthen enterprise AI offerings

Wipro has expanded its partnership with Dell Technologies to integrate their AI enterprise solutions and provide superior technology to enterprises. The collaboration aims to accelerate the adoption of AI across cloud, data center, and edge environments. Wipro's Enterprise AI-Ready platform will leverage Dell's AI Factory with Nvidia to bring GenAI processing power to data without upfront investment. The partnership will support the safe and responsible adoption of AI by offering robust governance, observability, and automation capabilities. The goal is to make AI consumption efficient, agile, reliable, and sustainable for enterprises.

Microsoft boosts Wisconsin data center spending to $7 billion - The Economic Times

Economic Times

Economic Times · 2m ago

Microsoft boosts Wisconsin data center spending to $7 billion - The Economic Times

Microsoft is expanding its investment in Wisconsin, planning a second AI data center, raising total expenditure to over $7 billion. The new $4 billion facility will join an existing $3.3 billion center in Mount Pleasant. At its peak, the first data center will employ about 500 people, expanding to 800 with the second's completion. The site aims to host the world's most powerful AI supercomputer with cutting-edge infrastructure and renewable energy plans.

Nvidia says some AI GPUs are ‘sold out,’ grows data center business by $10B in just three months

The Verge

The Verge · 15d ago

Nvidia says some AI GPUs are ‘sold out,’ grows data center business by $10B in just three months

Nvidia has reported record-breaking results in its Q3 2026 earnings, with $57 billion in revenue, largely driven by its data center business, which grew by $10 billion in just three months. This marks a record $51.2 billion from data centers, a 66% increase year-over-year. The high demand for AI server chips, particularly the Blackwell Ultra chip, is fueling this surge. Despite concerns about a potential AI bubble, Nvidia anticipates continued growth.

Andhra minister Nara Lokesh lays foundation for Sify's Rs 1,500 crore AI edge data center in Vizag - The Economic Times

Economic Times

Economic Times · 1m ago

Andhra minister Nara Lokesh lays foundation for Sify's Rs 1,500 crore AI edge data center in Vizag - The Economic Times

Andhra Pradesh IT Minister Nara Lokesh laid the foundation for Sify Technologies' Rs 1,500 crore AI Edge Data Center and Open Cable Landing Station in Visakhapatnam. This project aims to enhance subsea connectivity and AI infrastructure, positioning Vizag as a digital gateway. It is expected to create over 1,000 jobs, boost AI computing at the edge level, and improve data exchange between India and Southeast Asia, strengthening Andhra Pradesh's role on the global tech map.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Sept 2025

Your Health, Simplified with Smart Care

An ecosystem for curated creative partnerships

Your Health our Priority.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Nvidia releases open-source softw ...

Rupee firms near 89.72, traders t ...

Microsoft and LG affiliates pursu ...

Download the medial app to read full posts, comements and news.