Topic: data center expansion
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SoftBank to invest up to €75 billion in French data centers
SoftBank Group announced a commitment of up to €75 billion to build new AI data centers across France, with an initial focus on three sites in the Hauts-de-France region aiming to deliver 3.1 gigawatts of capacity by 2031. French economic minister Roland Lescure praised the investment as a testam...
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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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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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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 AI Ambitions Fueled by Massive Nvidia Chip Deal
Meta has entered a major multiyear partnership with Nvidia to integrate millions of advanced processors, including Grace and Vera CPUs alongside Blackwell and Rubin GPUs, into its data centers to power next-generation AI systems. The deal is notable for its scale and includes the first large-scal...
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e& enterprise deal to triple Serbia's data center capacity
e& enterprise and Serbia's Office for IT and e-Government have partnered to triple Serbia's data center capacity, positioning it as a regional digital hub. The expansion focuses on scaling the Tier-4 data center in Kragujevac to meet domestic and international demand with sovereign cloud and digi...
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Energy Vault to Build 175 MW Battery Storage Near Dallas
Energy Vault has acquired the 175 MW / 350 MWh McMurtre battery storage project in Texas, a strategic location near Dallas's booming data centers, to support grid stability and its goal of deploying 1,500 MW of storage capacity. The project, expected to be operational by late 2027, is projected t...
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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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Nscale’s €695M Portugal bet with Microsoft as AI neocloud hits $14.6B
Nscale, a former crypto mining operation now valued at $14.6 billion, is investing €695 million to expand its partnership with Microsoft in Portugal, delivering 66,000 Nvidia Rubin GPUs to a 1.2-gigawatt data centre in Sines. Nscale operates as a "neocloud," leasing GPU compute to AI developers, ...
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Oracle Names Hilary Maxson CFO for $50B AI Data Center Expansion
Oracle has appointed Hilary Maxson, former CFO of Schneider Electric, as its new CFO effective April 6, 2026, to lead financial strategy during its massive AI-driven data center expansion and transformation. The company is undertaking extraordinary capital expenditure, guiding for $50 billion thi...
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Meta Uses Real Tents to Speed Up Data Center Construction
Meta is rapidly expanding its AI infrastructure using unconventional methods like temporary tent-based data centers to compete with rivals like OpenAI and Google, prioritizing speed over long-term resilience. The company is investing in large-scale projects like Hyperion, a 5-gigawatt data center...
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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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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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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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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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AI's Progress and Drone Bear Protection
Wildlife specialist Sarmento's seven-year field experience led to a pioneering experiment using drone technology for non-invasive wildlife management, enhancing safety for both animals and humans. A recent study in "Nature" reveals that human scientists with PhDs significantly outperform advanced...
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Meta Plans $72B AI Investment in 2025 Amid Tech Arms Race
Meta plans to invest $72 billion in AI infrastructure by 2025, doubling capital expenditures to expand data centers and hardware for next-gen AI models. The company is building two powerful AI superclusters (Prometheus and Hyperion) and faces challenges like strained utilities in communities near...
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5 Must-Know AI Facts You Can't Miss
AI's rapid advancement is accompanied by significant misunderstandings about its energy consumption, inner workings, and true capabilities, shaping both its potential and limitations. Training and deploying large AI models consume massive electricity, with environmental impacts still being uncove...
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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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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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