In a major move for the energy-hungry data center sector, power producer NextEra Energy is partnering with oil giant ExxonMobil to build a 1.2-gigawatt natural gas plant. The facility, planned for the Southeastern US, will integrate carbon capture tech and is being marketed to a hyperscale developer
In a major consolidation play, investment firms Helios Investment Partners and Fipar-Holding have merged three Moroccan companies—Maroc Datacenter, Munisys, and Medasys—into a new entity called 3MDC. The move combines colocation, cloud, cybersecurity, and IT services into a single platform aimed at
Microsoft Copilot went down for many users in the UK and Europe. The company confirmed the outage, citing a traffic surge that its automated scaling systems couldn’t handle. Service is being restored manually, but issues may persist.
The AI arms race is fueling an unprecedented construction boom, with hyperscalers set to spend over $400bn on data centers in 2026. But this gold rush is straining power grids, facing local opposition, and pushing ambitions literally into space.
Snowflake is doubling down on its AI strategy with a massive $200 million expansion of its partnership with Anthropic. The goal is to build “agentic” AI that can reason across sensitive corporate data without it ever leaving the Snowflake environment. This comes as the company reports strong Q3 earn
The AI boom is forcing tech giants to become major energy players. New deals show Meta and Google securing massive power supplies from NextEra Energy, while Google flips the script to sell AI analytics back to the utility.
A coalition of environmental groups is demanding a national pause on new data centers. They argue the AI and crypto boom is driving up electricity and water use, impacting communities and consumer costs.
IBM is reportedly in advanced talks to acquire data infrastructure company Confluent for a massive $11 billion. The deal, which could be announced as soon as Monday, December 8, is seen as a major move to revitalize IBM’s cloud growth.
KKR & Co. is making a massive play for AI infrastructure, agreeing to invest several billion dollars into a portfolio of data centers owned by Compass Datacenters. The deal highlights the intense rush by financial giants to secure physical assets powering the artificial intelligence revolution.
The CEOs of IBM and AMD don’t see an AI bubble bursting. But IBM’s Arvind Krishna paints a stark picture: the industry’s planned data centers could cost $8 trillion, a bill that might never be paid. Meanwhile, AMD is busy selling chips into the frenzy.
