Separating AI hype from reality.
Nebius Group reported third-quarter revenue of $980.8 million on Thursday, up 571% from a year earlier, but the Amsterdam-based AI cloud provider cut its 2026 revenue forecast and outlined a 2027 capital-expenditure plan of $40–45 billion that will test whether the “neocloud”…
New research from BloombergNEF reveals that datacentre developers across the United States, United Kingdom and mainland Europe have announced proposals for 181 gigawatts of on-site gas-fired generation—almost four times Great Britain's total peak electricity demand. More than…
Salt Lake City–based Torus announced Wednesday it has raised $500 million in Series C funding and launched Foundry, a line of prefabricated units that package power, storage, cooling, networking and GPUs into 1-to-20-megawatt modules designed to be installed behind the meter at…
Fiber-optic guided drones have become a staple of the war in Ukraine. Because they communicate through a physical cable rather than radio signals, they cannot be jammed by electronic warfare systems that routinely ground conventional first-person-view (FPV) quadcopters. But the…
Chinese wind-turbine maker Envision Energy has completed the first 120 MW of its Galaxy AI data center campus in Ulanqab, Inner Mongolia, in less than a year, according to research firm SemiAnalysis, which visited the site in September and published its findings on November 7.…
A group of Effingham County residents has filed a civil racketeering lawsuit against OpenAI, its affiliates, and local government officials, alleging a coordinated scheme to push through a $20 billion data center project behind closed doors. The 44-page complaint, filed November…
A group of Effingham County residents has filed a state racketeering and conspiracy lawsuit against OpenAI, local government officials, and development authorities, alleging a coordinated effort to push through a massive data center project behind closed doors. The complaint,…
Google Cloud has released Cloud Pathways — the distributed machine-learning runtime originally built by Google DeepMind to train and serve its Gemini models — as a generally available product on Google Kubernetes Engine (GKE). The company positions it as a core runtime pillar of…
Nvidia has proposed turning more than 130 old telephone buildings into a network of small AI data centers, The Information reported on November 5. The buildings belong to Brightspeed, a broadband provider owned by private equity firm Apollo Global Management. Together they have…
Norway's government moved Monday to rein in the explosive growth of data centres, announcing that the national grid operator would pause new connection reservations until a licensing scheme can prioritise facilities deemed critical to national infrastructure.
Reserve Bank of Australia Assistant Governor Sarah Hunter said on Monday there was limited evidence that artificial intelligence had meaningfully lifted productivity and caused widespread job losses. Her assessment challenges narratives of immediate economic transformation.
Anthropic has agreed to purchase 1.7 gigawatts of gas-fired generators for $3.4 billion from San Antonio-based OnePWR Solutions, the Financial Times reported, citing a person familiar with the matter. The transaction, completed in late September, is the largest known single…
Meta Platforms is paying for seven new natural gas-fired power plants to supply its most power-hungry data center, a move that expands fossil-fuel infrastructure even as the company says it remains committed to its climate goals.
Google announced a $17 billion data center campus near Cheyenne, Wyoming, on November 5 — two days after midterm elections that delivered a sweeping political rebuke to AI infrastructure expansion. The company framed the investment as a model of responsible growth: 100%…
AI infrastructure startup Groq is seeking a new funding round at an $8 billion pre-money valuation, more than doubling the $3.15 billion valuation it commanded in August before a $350 million raise, according to investor documents reviewed by Bloomberg. The Series B pitch, led…
Pennsylvania Governor Josh Shapiro signed Executive Order 2026-05 on August 18, 2026, removing AI data center proposals from the state’s Fast Track permitting program and prohibiting nondisclosure agreements for data center projects. The order establishes the Governor’s…
Google has acquired Crusoe's unfinished data center campus in southeastern Wyoming, taking direct control of a project the developer struggled to deliver on schedule and budget. The deal, announced November 6, caps a months-long standoff in which Google pressed Crusoe over costs…
Nvidia is requiring cloud providers in Southeast Asia to enroll in its Fleet Intelligence monitoring system as a condition for official Cloud Partner status, Bloomberg reported, citing people familiar with the requirements. The move links the chipmaker's public endorsement and…
Around 100 activists, including supporters of the Dutch group Geef Tegengas, broke into a Microsoft data centre construction site in Amsterdam on Friday morning, climbing a crane and hanging banners in a physical escalation of local opposition to AI infrastructure expansion. The…
Anthropic's planned Nasdaq listing — the first for a frontier AI lab — is running into a wall of seller resistance. Potential investors are pushing for a lower valuation and questioning whether the company can proceed with its roadshow next week for a November debut, four people…
OpenAI published a pair of policy documents on Thursday committing to greater transparency and community control over its future data center projects, two days after voters across 10 states rejected or restricted new AI infrastructure in nearly every local ballot measure.
Meta executives say Democratic gains in the US midterm elections will make new data center construction significantly harder, while Goldman Sachs estimates that state and local moratoriums could put roughly 45% of planned US data center capacity at risk.
Meta Platforms has sold $15 billion of U.S. dollar-denominated bonds in a five-part offering, the latest step in a financing push that could reach $25 billion across currencies and comes alongside a planned equity raise that sources value differently. The debt sale underscores…
Facing multi-year waits for grid connections, several major AI companies are buying converted jet engines pulled from retired aircraft to generate their own electricity — a solution that is faster to deploy but less efficient and more polluting than purpose-built turbines.
British power generator Drax, Canadian asset manager Brookfield, AI infrastructure platform Radiant and Qatar's Qai announced a strategic partnership on Tuesday, November 3 to develop what could become one of the UK's largest AI data centre campuses at Drax Power Station in…
Abu Dhabi state entities announced a series of agreements with OpenAI on Monday as the lab pushes to secure up to $20 billion in new funding co‑led by United Arab Emirates investors, aiming to close commitments before rival Anthropic's expected public listing in mid‑November.
OpenAI recently announced a national "Grid Protectors Program," pledging to coordinate with utilities so its future facilities can reduce electricity demand during grid emergencies. The company also confirmed it will promote the term "compute campuses" to replace "data centers"…
Google's plan for a 780-megawatt data center in Pine Island, Minnesota, has become a flashpoint in the national debate over AI infrastructure. The project, called Project Skyway, comes with a renewable energy package that Google and utility Xcel Energy say will benefit the…
Nvidia reported second-quarter fiscal 2027 revenue of $96.2 billion, up 106% from a year earlier, confirming the chipmaker remains the primary beneficiary of AI infrastructure spending. The results, released August 26, beat consensus estimates of $92 billion and were driven by…
A federal judge in Mississippi has denied xAI's motion to dismiss a Clean Air Act lawsuit brought by the NAACP, allowing the case to move forward to discovery and trial. The ruling, issued Friday by U.S. District Judge Debra M. Brown in the Northern District of Mississippi,…
S&P Global Ratings on Friday revised its outlook on Meta Platforms to "negative" from "stable," citing significant uncertainty around the company's capital spending and free operating cash flow. The agency affirmed Meta's AA- long-term issuer credit rating but warned that a…
Nvidia is in talks to guarantee several billion dollars of debt financing for Nscale, a UK-based AI cloud provider building a data-center campus in West Virginia that Anthropic plans to use, according to reports cited by KuCoin and MarketScreener. The arrangement would make the…
Google's Project Suncatcher prototype satellite has produced its first AI-generated response from orbit, the company announced Friday. During a ground-station pass over Svalbard, Norway, the spacecraft returned a haiku written by an onboard Gemma 4 model running on a Google…