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Trump announces $20 billion investment in US data centres
Economic Times
·
7m ago
Medial
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.
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Blackstone, Digital Realty join hands to develop $7-billion data centers
Economic Times
·
1y ago
Medial
US investment firm Blackstone and data centre company Digital Realty have announced a joint venture to invest $7 billion in the development of data centres. The venture aims to build 10 data centres across Frankfurt, Paris, and northern Virginia. Despite an uncertain economy, the demand for data centres remains strong as more businesses adopt cloud technology. Blackstone will acquire an 80% ownership stake in the joint venture, while Digital Realty will retain a 20% interest. The transaction is expected to be completed in two stages by the first half of 2024.
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Mint Explainer: Will the $500 billion Stargate plan help the US trump China?
Livemint
·
6m ago
Medial
The Stargate Project, announced by US President Donald Trump, is a $500 billion venture focusing on AI data centres across the US. The initiative, involving OpenAI, Oracle, SoftBank, and MGX, aims to strengthen the US's AI infrastructure and create 100,000 jobs to compete with China's growing AI prowess. The project underscores the geopolitical tensions influencing global tech strategies, as both the US and China vie for AI dominance and technological advancements.
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Microsoft to invest $7.16 billion in new data centres in northeastern Spain
Economic Times
·
1y ago
Medial
Microsoft is planning to invest 6.69 billion euros in the construction of new data centres in Spain's Aragon region. This comes as the region is becoming a significant hub for cloud computing in Europe. The company has applied for a construction permit to build the data centres near the city of Zaragoza, and the investment will be spread out over a 10-year period. This follows Amazon's recent announcement of a 15.7 billion euro investment in data centres in the same region. Zaragoza, centrally located in Spain, has become a key logistics and transportation hub.
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Mukesh Ambani's plan to triple India's data centre capacity: key things to know
Economic Times
·
6m ago
Medial
Reliance Industries, led by Mukesh Ambani, plans to construct the world's largest data centre in Jamnagar, Gujarat, featuring a total capacity of three gigawatts. This facility, significantly larger than current data centres, will bolster India's data capacity and support the country's AI ambitions. The project, potentially costing $20-$30 billion, aims to utilize renewable energy extensively. It aligns with global efforts, particularly in the US, to advance AI infrastructure and enhance strategic capabilities.
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Why companies still want in-house data centres
Livemint
·
1y ago
Medial
The growing popularity of public cloud services hasn't diminished the investment in in-house data centres for businesses. While last year global spending on public cloud services reached nearly $230 billion, firms continue to invest in their own hardware and software, with expenditures surpassing $100 billion for the first time in 2020. This is particularly true for industrial companies that find on-premises computing advantageous for data generated by their connected factories and products. Factors including real-time analysis, data sovereignty concerns, and potential governmental regulations also drive the preference for in-house data centres.
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Thailand approves $2.7 billion of investments in data centres and cloud services
Economic Times
·
4m ago
Medial
Thailand's investment board approved $2.7 billion worth of investments in data centres and cloud services, aiming to expand its tech sector. Projects involve companies like China's Beijing Haoyang Cloud&Data Technology and Singapore's Empyrion Digital. The investments include a 300-megawatt data centre by Beijing Haoyang and a 35 MW data centre by GSA Data Center 02. The region's tech infrastructure surge follows projects from TikTok, Google's $1 billion investment, and Amazon Web Services' $5 billion commitment.
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STT GDC to invest $3.2 billion in India to expand data centre capacity
Economic Times
·
11m ago
Medial
ST Telemedia Global Data Centres (STT GDC) has announced an investment of $3.2 billion to expand its data centre capacity in India. The investment will increase the company's IT load capacity by 550 megawatts over the next five to six years, nearly tripling its current capacity. STT GDC India currently has 28 data centres across 10 cities and serves about 1,000 enterprise customers. The investment aims to meet the growing demands of India's digital economy, driven by increased data consumption, cloud computing, and digital transformation. STT GDC holds a 28% market share by revenue in India.
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Apple announces $500 billion investment in US amid tariff threats that could affect iPhone
YourStory
·
5m ago
Medial
Apple plans to invest over $500 billion in the US over four years, including hiring 20,000 employees and building a new factory in Texas. This announcement follows discussions with President Trump, who emphasized domestic manufacturing to avoid tariffs. The new factory in Houston will focus on server production, creating thousands of jobs. This investment mirrors a similar initiative from 2018. Additionally, Apple introduced the iPhone 16e, featuring new AI innovations.
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Govt may revive old data centre policy with AI and ML sops
Economic Times
·
11m ago
Medial
The Indian government is considering reviving its 2020 draft of the data centre policy to meet the growing demands of the industry. The policy may include granting infrastructure status to data centres, as well as additional incentives for setting up advanced AI and ML data centres. The government estimates that the investment opportunity in data centres could reach $6-7 billion by 2026. To manage costs, the policy may propose dedicated zones with tax breaks, and explore options for uninterrupted power supply. The 2020 draft also suggested simplified clearances and incentives for using locally manufactured IT hardware.
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Meta selects Pimco, Blue Owl for $29 billion data centre financing: Bloomberg - The Economic Times
Economic Times
·
17h ago
Medial
Meta has selected investment firms Pimco and Blue Owl Capital for a $29 billion financing deal to support AI data centre projects in Louisiana. Pimco will manage $26 billion in debt, likely issued as bonds, while Blue Owl will contribute $3 billion in equity. This investment is part of Meta's significant push into developing AI infrastructure, with CEO Mark Zuckerberg focusing on building extensive AI data centres for advancements in their superintelligence unit.
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