#data-centers

#data-centers

The Ark project was one of eight developments rewarded with a multimillion-dollar tax break by the Ohio Tax Credit Authority - not on its own initiative, but on the recommendation of JobsOhio, an economic development nonprofit in the state. The data center company's tax break was the largest of the eight, according to Cleveland.com, and constitutes a ten-year sales exemption at 50 percent, mostly covering newly purchased equipment.

We have under development approximately 26,000 acres across two jurisdictions with the infrastructure necessary to support power generation and compute capacity at scale. Each Wonder Valley campus is expected to provide 7.5 gigawatts of power generation capacity, creating a combined initial power plan of 15 gigawatts.

The investment will flow through a newly formed venture called HUMAIN, a Saudi-based company focused on building AI infrastructure including data centers, cloud computing campuses, and the development of Arabic-language AI models. The partnership brings together Saudi Arabia's Public Investment Fund (PIF) with leading US technology companies, creating a framework for the Kingdom to host some of the world's most advanced computing facilities.

Most are a great hedge against inflation. After all, when inflation rises, so do a lot of rents. Two, we're seeing a recovery in demand for offices, apartment buildings, warehouses, hospitals, shopping centers, and hotels. We're also seeing bigger demand for e-commerce, logistics, and warehouse demands, as noted by JPMorgan.

The Netherlands has the opportunity to build a European data center with 100,000 AI chips and 20 petabytes of storage, but the government is lagging behind in terms of financial commitment. Energy company Eneco and data center party Volt, who together want to build the AI gigafactory, warn that neighboring countries are moving ahead and emptying the EU subsidy pot of 20 billion euros. "While the Netherlands actually has very good conditions," according to Eneco.

Applause broke out during an Oklahoma man's speech at a city council meeting on Tuesday to discuss a proposed data center. A minute later, shouts of disbelief rang out across the room. "Disgusting!" one woman shouted as Claremore Police Department officers handcuffed and escorted Daniel Blanchard out of the room. Authorities said they arrested Blanchard, whose speech exceeded the three-minute time limit, for trespassing.

"It's one thing if ... we're fighting China and you're developing your model, but once you start selling sexualized chatbots to kids in my state, now I have a problem with that, and I'm going to get involved there, and the Supreme Court is going to back me up on that," Cox said.

[EHS] is actually a profit centre in the company," he says. "I know people tend to think it isn't. Compared to some other hats that I've worn, sustainability is usually not a cost centre.

Revenue hit $11 billion, beating the $10.3 billion estimate by roughly 7%. Free cash flow surged from .6 billion last Q4 to $1.8 billion this year. The company doubled its quarterly dividend to $0.50 and raised 2028 revenue guidance to $56 billion, up from prior expectations near $52 billion. Management projects cumulative free cash flow of $24 billion through 2028.

Anthropic is the latest AI company promising to limit the impact its data centers have on nearby residents' electricity bills. The company said it would pay higher monthly electricity charges in order to cover 100 percent of the upgrades needed to connect its data centers to power grids. "This includes the shares of these costs that would otherwise be passed onto consumers," the announcement says. Anthropic didn't provide details today about any agreements it has inked with energy companies in order to accomplish these goals.

Because they operate continuously, data centers consume electricity. These operations involve operating large numbers of servers, cooling systems, networking equipment, and other infrastructure components. The electricity consumption of data centers varies widely with size, capacity, efficiency, and geographic location, yet demand is constant. While that was an important data point over the past few years, many of the top stocks in the sector have delivered outsized gains and may be trading near their highs.

New Yorker state lawmakers have introduced a bill that would impose a moratorium of at least three years on permits tied to the construction and operation of new data centers. While the bill's prospects are uncertain, Wired reports that New York is at least the sixth state to consider pausing construction of new data centers. As tech companies plan to spend ever-increasing amounts of money to build AI infrastructure, both Democrats and Republicans have expressed concerns about the impact those data centers might have on surrounding communities.

Oracle's investments in AI may prove costly. Investment bank TD Cowen says the company hopes to reduce costs to finance its ambitious AI infrastructure build. To that end, it has already accumulated $58 billion in debt in two months. A round of layoffs affecting 30,000 employees is possible, while even a spin-off of Oracle Health, formerly Cerner, is being considered. Since September, Oracle has lost half of its market value, which currently stands at just under $400 billion.

It's very different having 24% year-over-year growth on $142 billion annualized run rate than to have a higher percentage growth on a meaningfully smaller base, which is the case with our competitors. We continue to add more incremental revenue and capacity than others, and extend our leadership position.