Anthropic has agreed to pay $45 billion to rent cloud computing power from neocloud company Nscale’s West Virginia data center, which is set to start operating in late 2027, Bloomberg reported Wednesday (Aug. 26), citing unnamed sources. The six-year commitment covers about 460 megawatts of...
Nscale, a developer of artificial intelligence (AI) data centers, aims to raise as much as $3 billion in an initial public offering that could take place as soon as September, Bloomberg reported Friday (Aug. 21), citing unnamed sources. Deliberations are ongoing, and the details could change,...
Grassroots resistance to artificial intelligence (AI) data centers is accomplishing what policymakers have largely failed to do: forcing technology companies, utilities and elected officials to confront who pays for AI’s enormous demands on electricity, water and public infrastructure. Facing delayed projects, local moratoriums and growing...
Wintermute reportedly plans to invest $1 billion in high-frequency trading and artificial intelligence (AI) data center infrastructure. That’s according to a report Wednesday (Aug. 12) by Bloomberg News, which characterizes the move as the London-based trading firm’s efforts to diversify into traditional markets as the price of cryptocurrency...
February 02, 2026
The modern power grid works so well that most people never think about it. At least until it doesn’t. Lights turn on instantly, homes stay cool during heat waves and electric vehicles charge overnight, as if electricity were infinite. In reality, the system is under historic strain, absorbing new demand from electrification, climate volatility and […]
September 01, 2025
Multiple industries including cloud, chips, data storage, semiconductor manufacturing, data centers and servers are seeing revenue gains from artificial intelligence (AI), cementing its role as an economic driver. The main...
June 12, 2025
The everything consumer requires an everything retailer, and that’s the pole position that retail giants Amazon and Walmart have been battling for over the past two decades. The rivalry between...
February 14, 2025
Global IT spending is expected to increase by 9% in 2025, driven by AI and cloud expenditures, according to a report from S&P Global Ratings. But a divided picture is...
October 14, 2026
OpenAI’s infrastructure and compute businesses have a new leader, Bloomberg reported Wednesday (Oct. 14). The artificial intelligence company appointed its chief technology officer for compute, Uday Ruddarraju, to head both the infrastructure and compute businesses. The previous head of the infrastructure unit, Sachin Katti, will transition out of that role and remain an advisor, according […]
August 26, 2026
Anthropic has agreed to pay $45 billion to rent cloud computing power from neocloud company Nscale’s West Virginia data center, which is set to start operating in late 2027, Bloomberg...
August 21, 2026
Nscale, a developer of artificial intelligence (AI) data centers, aims to raise as much as $3 billion in an initial public offering that could take place as soon as September,...
August 12, 2026
Wintermute reportedly plans to invest $1 billion in high-frequency trading and artificial intelligence (AI) data center infrastructure. That’s according to a report Wednesday (Aug. 12) by Bloomberg News, which characterizes the move as...