News

KKR has signed a $50 billion strategic partnership with American investment firm Energy Capital Partners (ECP), which will focus on accelerating data centre, power generation, and transmission infrastructure development to support the expansion of artificial intelligence (AI) and cloud computi...

Indiana consumer and environmental advocacy organization Citizens Action Coalition (CAC) has called for a pause on new hyperscale data center development in the state. The group this week called on the Indiana General Assembly to enact a moratorium on new hyperscale data centers used to power ...

CoreWeave is expanding its data center footprint in New Jersey. According to local press, the company has signed a long-term lease with an Onyx Equities and Machine Investment Group partnership for the entirety of building 11 at The Northeast Science & Technology Center (NEST) in Kenilwort...

American investment banking and financial services firm Citi has signed a multi-year contract with Google Cloud to use its cloud computing and artificial intelligence (AI) offerings. The agreement will see Citi migrate several workloads and applications to Google Cloud, and use Google Cloud's ...

The Federal Communications Commission (FCC) has voted to transfer control of a chunk of the 4.9 GHz spectrum band to FirstNet, which operates a network for first responders that AT&T uses. The FCC voted 4-0 in favor of handing the spectrum to FirstNet. Commissioner Anna Gomez did not parti...

European cloud and data center firm OVHcloud has appointed Benjamin Revcolevschi as CEO, breaking the news during its FY 2024 results this week, saying Michel Paulin resigned from his positions as director and CEO during a 23 October meeting. Revcolevschi joined OVH in May 2024 as deputy chief...

Northern Data Group confirmed on October 21 that it is considering dropping the crypto side of its business to focus more on its artificial intelligence (AI) and high-performance computing (HPC) solutions. The company notes that its Q3 2024 financial results saw strong sequential growth in its...

Global Switch has agreed to sell its Australian assets to investment manager HMC Capital for AU$2.12 billion (US$1.41bn). This deal for Global Switch Australia Holdings (GSAH) will provide Global Switch with capital to grow other parts of its business, the company said on Thursday morning. The...

Digital infrastructure power and cooling company Vertiv posted third-quarter revenues of $2.07 billion, above analyst expectations which was 19 percent higher than the same time last year, while operating profit was $372 million, up 48 percent. However, the company said that it expected to ear...

Vodafone, Qualcomm, and Ericsson have completed 5G Millimeter wave (mmWave) trials in the UK. In an announcement, carrier Vodafone said the two trials had been a success. Two trials were carried out, including one in Newbury, which used full spectrum bandwidth (800 MHz of mmWave spectrum)."Whi...

British multinational telecommunications company BT has commenced operations at its first self-powered mobile site in Shropshire, UK which provides 4G and 5G connectivity to EE customers living, working, and traveling in the area.The site was selected following an environmental assessment that...

The vice president, general manager, and head of platform at Google Cloud is set to depart after spending the last five and a half years at Google, joining from Oracle Cloud along with Google Cloud CEO Thomas Kurian. "The decision to leave Google is one of the toughest I’ve ever made," Zavery ...

Grid operator PJM has presented a proposal to permit “shovel-ready” energy projects an expedited route to interconnection to meet grid reliability needs. PJM, with a service area including Virginia and Ohio, has indicated it will provide stakeholders with a formal proposal early next month to ...

T-Mobile revealed earlier this week that it had paired with Miller Electric Company to connect a fully autonomous shuttle that transports visitors three miles along Jacksonville's waterfront.“5G connectivity provides the highest bandwidth and lowest latency communication between the AVs and th...

Small modular reactor (SMR) startup Deep Atomic has announced plans to introduce a new SMR specifically for the data center market dubbed MK60. It is a light water SMR with a generation capacity of 60MW of electricity and 60MW of cooling capacity through an integrated data center centric desig...

Amazon has bought a 220-acre site in Phoenix, Arizona, potentially for a data center campus. An Amazon Web Services spokesperson confirmed the land purchase in a statement to the Business Journal and said "we are constantly evaluating new locations based on customer demand.”Real estate develop...

Chip firm Hemlock Semiconductor (HSC) has secured up to $325 million in proposed direct funding from the Department of Commerce under the CHIPS and Science Act. The funding is intended to shore up the production of semiconductor-grade polysilicon, a a highly pure form of silicon that is used i...

Sabey Data Centers has announced the completion of the first 430,000-square-foot (39,950 sqm) building at its new campus in the Round Rock area of Austin. The SDC Austin campus will offer up to 84MW of critical power capacity across two buildings at full build-out. Building A is designed to su...

Mexican IT firm Atalait has announced plans to invest $100 million expanding the site, located in Mexico State. The initiative aims to double the capacity of the data center and significantly expand its offerings. Leonardo Rodríguez, vice chairman of Aktiva Capital and vice president of Atalai...

Shah Capital, a long-term investor with a seven percent stake in telecoms company Veon, has criticized the company's current strategy, claiming that its share price is 80 percent lower than it should have been over the last decade. In an open letter to Veon's board of directors, Himanshu H Sha...