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Amazon shares slide as $200 billion outlay fans fears over AI returns
Amazon stock fell after unveiling a $200 billion AI capex plan, raising investor fears and questions about Big Tech returns.
Google goes from laggard to leader as it pulls ahead of OpenAI with stellar AI growth
Alphabet is emerging as an AI leader, but investor worries rose after Google said it could spend up to $185B this year.
Penzance breaks ground on new AWS data center in Chantilly
Penzance has begun building a 45MW data center in Chantilly that will be fully leased and operated by AWS, with completion expected in 2027.
Amazon cloud computing outage disrupts major online services
A global Amazon Web Services outage disrupted major platforms including Snapchat, Fortnite, and Signal before service gradually recovered Monday morning.
BlackRock, Nvidia, Microsoft in $40B data center deal
BlackRock, Nvidia and Microsoft are buying Aligned Data Centers for $40B to expand global AI and cloud infrastructure.
CoreWeave signs $14 billion AI infrastructure deal with Meta
CoreWeave will provide Meta $14B in AI cloud computing power through 2031, boosting share prices and fueling AI infrastructure growth.
Microsoft’s annual cloud revenue hits $75B, profit beats expectations
Microsoft said Wednesday that annual revenue for its flagship Azure cloud computing platform has surpassed $75 billion, up 34% from a year earlier. The Azure cloud business has been a centerpiece of Microsoft‘s efforts to shift its focus to artificial intelligence, but until Wednesday the company hadn’t disclosed how much money it makes. The revelation […]
Amazon to spend $20B on data centers in Pennsylvania, including one next to a nuclear power plant
Amazon will spend $20B on two new Pennsylvania data centers, including one next to a nuclear plant, in the state's largest-ever private investment.
States offer big incentives for data centers’ growth
States across the U.S. are competing to attract data centers by offering major incentives and tax breaks, sparking pushback in local communities.
Microsoft and Meta Platforms lead Wall Street higher
Microsoft and Meta beat earnings expectations, boosting Wall Street, even as fears of stagflation and economic uncertainty continue to loom.
Google to buy cybersecurity firm Wiz for $32B in largest deal in company’s history
SAN FRANCISCO (AP) — Google has struck a deal to buy cybersecurity firm Wiz for $32 billion in what would be the tech giant’s biggest-ever acquisition at the same time it’s facing a potential breakup of its internet empire. The proposed takeover announced Tuesday is part of Google‘s aggressive expansion into cloud computing during an artificial intelligence boom. The [&hell[...]
Developer plans $3B data center in Appomattox County
A Connecticut developer plans to build a $3 billion data center on a 452-acre site in Appomattox County. AVAIO Digital Partners announced Tuesday it had signed an agreement with the Appomattox County Economic Development Authority to purchase the industrial site. “This project in Appomattox County exemplifies our strategy of expanding Virginia’s thriving data center industry […]
