Data Centers

Premium Finance 2024-04-18T19:42:42Z

Blackstone's data-center bets have climbed 10-fold to $100 billion in just 3 years. And it's just the start, Steve Schwarzman says.

CEO Steve Schwarzman put a $100 billion tally on Blackstone's data-center business, putting it in pace to become the firm's single-largest asset.
Premium Markets 2024-04-18T16:16:40Z
Premium Real Estate 2024-04-18T09:00:01Z

Electric grids need upgrades thanks to data centers. Guess who helps pay for that.

New data centers will require billions of dollars in infrastructure upgrades. Some of the costs could be shifted to smaller consumers.
AI 2024-04-09T15:16:43Z

Chip-company CEO says we need to solve AI's 'insatiable' hunger for energy

AI technology needs to be more sustainable, or it'll slow down innovation, Arm CEO Rene Haas told The Wall Street Journal.
Tech 2024-03-25T18:36:47Z

A viral TikTok is igniting a debate over data centers taking over Virginia's countryside

A video showed Northern Virginia pastures and daily life contrasted against data centers popping up in the area.
Advertisement
Advertisement
Energy 2024-03-24T20:11:57Z

AI execs who urgently need more energy to power their tech revolution are turning to fossil fuels

The Wall Street Journal reported that one question loomed at an annual energy conference in Houston: How to power the AI boom?
Premium Tech 2024-03-14T21:34:45Z

LinkedIn cofounder Reid Hoffman and Microsoft's AI chief are backing Abigail Spanberger's 2025 Virginia governor run

The tech heavyweights, along with Shannon Hunt-Scott, have donated a combined total of $500,000 to Spanberger's campaign.
Premium Real Estate 2024-03-06T13:23:19Z

Why a warehouse giant is planning a $25 billion push into data centers

Prologis, the US's largest warehouse owner, plans to build bilions of dollars of data centers as demand soars. Other industrial owners may follow.
Premium Finance 2024-03-05T14:53:21Z

How our insatiable appetite for electricity is giving rise to traders who make money from power-grid bottlenecks

As data centers, EVs, and weather jolt the power grid, Jane Street, DRW, Squarepoint, and Citadel wager the esoteric "congestion" trade will pay off.
Sustainability 2024-01-26T16:02:27Z

Meet a startup trying to keep your screen time from destroying the planet

A data center somewhere is powering your Instagram and Netflix habits, and an estimated $2 billion industry is trying to cut back on the energy it uses.
Premium Real Estate 2023-12-18T13:52:07Z

Data centers have become an economic powerhouse. Now they're throwing their weight around in Virginia politics.

Data center development is booming in Virginia. But the sway the industry appears to have over the state's power system has raised concerns.
Tech 2023-11-27T10:00:01Z

Virginia's 'Data Center Alley' residents say an eerie hum is keeping them up at night

Some Loudoun County, Virginia, residents have complained about noise from local data centers.
Tech 2023-10-18T17:31:45Z

Get ready for 'AI factories'

Nvidia and Foxconn have plans to build data centers behind self-driving cars, robots, and LLMs.
Sustainability 2023-10-13T18:02:40Z

Phoenix plans to build gas plants to help power new data centers

The Phoenix metro area has become the ninth-largest data-center hub in the world. A pipeline of new data centers will require vast amounts of power.
Premium Real Estate 2023-10-09T16:27:31Z

Data centers are booming. Their need for power is causing utilities to retreat on green energy.

The power consumed by data centers threatens to overwhelm systems in some parts of the country. Utilities say they need to rely more on fossil fuels.
Advertisement
Advertisement
Tech 2023-10-04T09:00:01Z

Amazon dominated the first cloud era. The AI boom has kicked off Cloud 2.0, and the company doesn't have a head start this time.

There's a battle brewing for dominance in the new AI cloud era. Amazon doesn't have a head start this time. It's deal with Anthropic can help.
Premium Markets 2023-09-09T10:33:01Z

There's a little-known way to invest in the AI revolution: real estate. Bank of America breaks down the opportunity to profit from the under-the-radar stocks powering it.

Rising demand for data, thanks to the explosive growth of AI, has presented a stock market opportunity for well-positioned data center REITs.
Tech 2023-09-02T13:10:01Z

AI has a big, dirty problem that is tarnishing Big Tech's environmental image

AI is challenging the tech industry's ability to present itself positively on environmental, social and governance issues.
Tech 2023-08-24T21:21:27Z

Nvidia CEO predicts $1 trillion will be spent over 4 years upgrading data centers for AI. A lot of that bill will probably be paid by Amazon, Google, Microsoft, and Meta.

Big tech companies and hyperscale cloud providers face a massive Nvidia-powered bill for AI data center upgrades. Can they afford it?
Premium Real Estate 2023-08-16T09:01:01Z

Amazon built a data center empire in northern Virginia. Exclusive filings reveal it's using as much energy as a major city.

Amazon has become the biggest player in a fast-expanding data center business. The industry is critical to modern life, but also poses huge societal consequences.
View more