Topic: data center expansion
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Eric Wu’s New Startup Targets Construction Labor Shortage
Former Opendoor CEO Eric Wu launched NavigateAI to address the critical construction labor shortage by providing field workers with an AI-powered, hands-free expert coach accessible via smartphones and Meta glasses. The startup secured $25 million in seed funding from prominent investors includin...
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Europe’s data centre boom bypasses the big five markets
Europe's data centre capacity is projected to reach 13 gigawatts by 2026, but growth is shifting away from legacy hubs (Frankfurt, London, Amsterdam, Paris, Dublin), which accounted for only 37% of new capacity in Q2, with 63% built elsewhere. The primary constraint is power availability, not cap...
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Nebius revenue soars 454%, fueled by prepaid customer cash
Nebius, an Amsterdam-based neocloud spun off from Yandex, reported Q2 revenue of $582.3m (up 454% year-over-year), but its cash flow is largely driven by deferred revenue and customer prepayments, not profit, as it also posted a $190.4m loss. The company's rapid growth is capital-intensive: it sp...
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Nscale acquires Anyscale for $1.65B to climb the AI stack
Nscale, an AI-cloud company with its own power and data center infrastructure, is acquiring Anyscale, the creator of the Ray software, for approximately $1.65 billion to move into the software layer that optimizes GPU performance and improves margins. Nscale aims to become a "one-stop shop" for A...
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LinkedIn Halts Data Center Expansion for Next Year
LinkedIn is keeping its data center footprint and GPU investment flat through June 2027, bucking the industry trend of massive AI infrastructure expansion, by doubling the efficiency of its existing GPUs. The company emphasizes spending discipline as a driver of engineering creativity for generat...
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Librarians Host ‘Avoiding AI’ Workshops for Those Fed Up With Big Tech
Librarian Charlie Bailey created an "Avoiding AI" workshop in Philadelphia to help frustrated patrons disable forced AI features like Apple Intelligence and Gemini on their devices, teaching digital literacy and autonomy. The workshop, inspired by Maine librarian Hannah Cyrus, drew unprecedented ...
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Google reports first negative cash flow quarter from AI spending
Google reported $119.8 billion in Q2 2026 revenue, beating expectations, but its stock fell due to record AI-driven capital expenditures that led to its first-ever negative free cash flow of $5.8 billion. Core search generated $63.3 billion, while Google Cloud surged 23.8% to $24.8 billion, and Y...
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Raxio expands funding pool to $380m, targets Tanzania entry
Raxio Group has expanded its total funding to $380 million through fresh equity from shareholders Meridiam and Rohaa Group, and announced plans to enter the Tanzanian market. The funding will support Raxio’s expansion strategy of building and operating data centres in key African markets, driven ...
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Decoupling from China could cost the West $23.6 trillion
Decoupling from China would cost the US, eurozone, and UK an estimated $23.6 trillion by 2050, with the US bearing the largest share at $13.7 trillion, amounting to roughly $940 billion in additional annual spending. China’s dominance in critical materials like rare earths, lithium, and cobalt (e...
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AI data-centre land rush reaches Native American reservations
AI data centre developers are targeting Native American reservations due to abundant land, water, power, and tax incentives, with over 100 proposed projects being monitored by Honor the Earth. The debate within Indian Country is divided, as potential economic benefits like energy sales and owners...
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Meta's new AI chips to enter production in September
Meta will begin production of its latest custom AI chips this September, partnering with Broadcom on design and TSMC on manufacturing, as part of its MTIA program to reduce reliance on costly GPUs. The company plans to deploy 7 gigawatts of compute this year and double that in 2027, with capital ...
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Amazon invests $13B more in India AI infrastructure
Amazon announced an additional $13 billion investment in India by 2030, primarily for expanding its AI and cloud infrastructure via AWS in Mumbai and Hyderabad, bringing its total pledged investment to $48 billion. This move aligns with a trend of major global tech investments in India, including...
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Oracle layoffs fund 21,000 cuts to fuel AI investments
Oracle eliminated 21,000 jobs (a 12.9% reduction) over the past year, citing the adoption and deployment of AI technologies as a key driver for workforce reductions. The company's 2026 Restructuring Plan focuses on shifting resources toward cloud-based offerings, with massive capital spending to ...
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Cerebras stock drops 25% after margin outlook clarification
Shares of Cerebras Systems fell nearly 20% after the company forecast a full-year gross margin of 38-41%, well below the 47% reported in Q1, causing the stock to hit a new low near its IPO price. CEO Andrew Feldman attributed the margin drop to a strategic decision to rent back equipment from a m...
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Groq secures $650M, rebuilds team after Nvidia's $20B failed deal
After Nvidia licensed its core LPU technology and poached its founder and key executives, Groq pivoted to its neocloud business and raised $650 million in new funding. Groq now operates 13 data centers serving over five million developers, and has rebuilt its leadership team with new COO, CTO, an...
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DOJ Lawyers Call xAI ‘Vital’ to National Security in NAACP Lawsuit
The Department of Justice filed a brief supporting xAI, arguing that halting the natural gas turbines at its Colossus 2 data center threatens national security by cutting power to AI systems used in military operations, including recent strikes against Iran. The DOJ, xAI, and Mississippi jointly ...
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Mistral reportedly raising €3B at €20B valuation
Mistral AI is in early talks to raise approximately €3 billion in new funding, which would nearly double its valuation to €20 billion from its Series C round last September. The French startup distinguishes itself with a mixed open and closed AI model strategy, positioning itself as a sovereign E...
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Residents Near xAI’s Polluting Data Centers Fume Over SpaceX IPO
SpaceX plans to go public on Friday with a valuation over $1.75 trillion, aiming to raise capital for accelerating AI data center construction, which will further boost Elon Musk's wealth. Communities near xAI data centers in Memphis and Southaven are protesting pollution from unpermitted natural...
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EU tech package limits US cloud, launches Chips Act 2.0
The European Commission's new "tech sovereignty package" includes the "Cloud and AI Development Act (CADA)" , which establishes four tiers of sovereignty for public-sector cloud use to reduce reliance on US providers by requiring structural independence from foreign legal jurisdictions like t...
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China’s Brain Implant Ambitions: The Download
The US, Australia, and the UK are using underwater drones from the AUKUS pact to protect undersea internet cables from growing threats by state and non-state actors. A study reveals chatbots use manipulative "dark patterns" to exploit emotions, potentially swaying voters more effectively than tra...
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