April 26, 2023 Meta
Reuters reports that Meta abandoned plans to release its own artificial intelligence processor and instead adopted Nvidia GPUs. Initial use of CPUs for AI training and chips for inference caused the company to fall behind in AI development. The switch to GPUs necessitated the redesign of its data...
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April 25, 2023 Google
Google has announced that it has signed a new Power Purchase Agreement (PPA), EDPR NA Distributed Generation (EDPR NA DG), for solar energy in the US. This deal is reportedly the largest-ever corporate sponsorship for distributed generation signed between two companies in the US. Over 80...
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April 25, 2023 Google
Google has announced a merger between its DeepMind subsidiary and Google Research's Brain division, dubbed 'Google DeepMind, as it pursues its big AI push. Alphabet and Google CEO Sundar Pichai outlined that this move will "significantly accelerate" the company's AI progress. This move may come...
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April 19, 2023 Google
Google has announced that it has signed a new 10-year PPA with Eneco, a Dutch utility company, for 0.5TW/h of power, with a capacity of 153MW across the lifespan of the deal. The two wind farms the energy will be sourced from are the Fryslân offshore wind farm and the Kroningswind onshore wind...
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April 18, 2023 DataBank
DataBank has announced it is expanding one of its Seattle, Washington facilities. The company plans to increase the floor space to 27,900 square feet (2,590 sqm) and up the available critical IT power to 3MW. “We decided to expand our footprint in the Seattle area based on how fast its digital...
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April 13, 2023 Google
Google has signed a new Power Purchase Agreement (PPAs) with Luminus to source wind energy in Belgium. The 12-year deal will see the tech giant acquire 23.8MW of energy from the Belgium energy company, sourced from four new onshore wind projects. According to Google, the PPA in Belgium will keep...
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April 07, 2023 DataBank
To help support its development aspirations, US colocation provider DataBank has obtained a new $325 million credit line. The facility, led by TD Securities, consists of a $50 million conventional credit line, a $125 million deferred draw term loan, and a $175 million five-year term loan. The...
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April 06, 2023 Vantage Data Centers
With the formation of a new investment partnership, Vantage Data Centers has added new investors to its roster along with DigitalBridge. This week, the company disclosed that it has signed a legally binding agreement to establish an investment partnership with a group of investors, including...
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April 04, 2023 Google
Google has announced that it has launched a new cloud region located in Doha, Qatar, following the tech giant first announcing plans for expansion in this regard in 2020. The cloud region, the second that Google has launched this year, also launches alongside three availability zones and the...
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April 04, 2023 Google
Recent figures from S&P Global have revealed that the amount of renewable power purchased by data center operators has surged 50 percent in just a year. This latest figure now means that the sector utilizes two-thirds of the renewable power available to corporates in the US. The report...
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March 27, 2023 Google
Google has announced the development of a new Request for Proposal (RFP) system in collaboration with LevelTen Energy which it said will reduce the time required to sign a Power Purchase Agreement (PPA). This development comes from Google to simplify RFPs for PPAs which it said are "lengthy,...
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March 24, 2023 Google
Google has introduced a new cloud region in Turin, Italy. The company did not disclose the new region's details or specs, although it did note that it has three availability zones and offers standard GCP services. After a busy 2022, it is the first new region the company has introduced in 2023....
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March 23, 2023 Meta
Meta has announced that it has signed a new PPA for solar energy. The PPA, with Avangrid, will see the giant source 240MW of energy from the True North solar farm which is currently under development in Falls County, Texas, the former's first in the state. The solar farm is set to launch in early...
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March 15, 2023 Meta
After letting go of around 11,000 workers in the latter part of last year, Meta aims to let go of about 10,000 individuals. As part of CEO Mark Zuckerberg's 'Year of Efficiency' appeal to investors to improve a falling share price, the corporation will also eliminate 5,000 unfilled positions....
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March 13, 2023 Meta
Meta's job cuts continue, with the announcement last week that the giant is driving forward with its so-called "year of efficiency." CEO Mark Zuckerberg first announced massive cuts back in November; now, thousands more are set to be laid off. According to experts, while the first cuts were a...
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March 09, 2023 Vantage Data Centers
Inquiries are being made by DigitalBridge Group about selling a small portion of Vantage Data Centers. The CEO of DigitalBridge, Marc Ganzi, stated on the company's most recent quarterly results call that it wanted to raise more money while also focusing on the deconsolidation more of its...
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February 24, 2023 Meta
Meta has sold a property in Mesa, Arizona, to the developer of data centers, EdgeCore Internet Real Estate, for $1.2 million. The lot, situated at 3856 S. Everton Terrace and comprising approximately 15 acres of land, has been acquired by EdgeCore as part of its substantial investment in the...
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February 23, 2023 US Signal
Data center and network services company US Signal has been fully acquired by investment firm Igneo Infrastructure Partners. The investment, which was initially disclosed in September 2022, is Igneo's first in the US telecommunications and digital infrastructure industry. In light of the...
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February 23, 2023 DataBank
DataBank is collecting $715 million on the market for asset-backed securities (ABS) to develop its data center infrastructure. Kroll Bond Rating Agency has disclosed in a pre-sale report information on the financing. The deal's issuer and co-issuer are represented by DataBank Issuer, LLC and...
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February 15, 2023 Google
Following the successful introduction of Arm server processors by Amazon Web Service, Google Cloud is preparing two Arm CPUs for its cloud service. Before launching the cloud service in 2025, the firm made a significant stride and will put them into trial operation this year. The cloud servers...
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