News Gist .News

Articles | Politics | Finance | Stocks | Crypto | AI | Technology | Science | Gaming | PC Hardware | Laptops | Smartphones | Archive

Blackstone's Plans for Northern England 'Hyperscale' Data Centre Get Green Light

A $13 billion "hyperscale" data centre in North East England proposed by U.S. private equity group Blackstone has been given the green light to go ahead by council planners. The project, which will span 540,000 square metres and require a significant investment of up to £10 billion, is expected to create hundreds of long-term construction jobs and support thousands of indirect employment opportunities. The data centre campus will also enable Northumberland County Council to set up a £110 million fund to drive growth and jobs schemes in the economic corridor along the "Northumberland Line".

See Also

Mistral Urges Telcos to Get Into the Hyperscaler Game Δ1.73

Mistral CEO Arthur Mensch is urging European telcos to invest in building data center infrastructure and "becoming hyperscalers" to boost the regional AI ecosystem. The company's investment in its own data center in France aims to serve domestic customers, while also moving down the stack to provide services to data centers. Mench emphasizes the need for more actors in the field compared to the current cloud market dominated by a few giants.

Meta in Talks to Raise $35 Billion for Data-Center Financing Led by Apollo Δ1.72

Meta Platforms Inc. is in talks with alternative asset managers to secure a roughly $35 billion financing package to help develop data centers in the US, according to people familiar with the matter. The funding would support Meta's ambitious plans to build out its infrastructure and bring about a gigawatt of computing power online by 2025. If successful, the deal would be one of the largest financing packages for a tech company in recent years.

Elon Musk's xAI Buys New Property in Memphis Amid Supercomputer Expansion Δ1.72

xAI is expanding its AI infrastructure with a 1-million-square-foot purchase in Southwest Memphis, Tennessee, as it builds on previous investments to enhance the capabilities of its Colossus supercomputer. The company aims to house at least one million graphics processing units (GPUs) within the state, with plans to establish a large-scale data center. This move is part of xAI's efforts to gain a competitive edge in the AI industry amid increased competition from rivals like OpenAI.

Growing Demand for Data Centers Fuels Meta's Financing Package Δ1.71

Meta Platforms is in talks to raise $35 billion in financing to support the development of data centers, a move aimed at meeting the growing demands of its artificial intelligence systems. The alternative asset manager Apollo Global Management is expected to lead the funding package, according to Bloomberg News reports. This significant investment is part of Meta's plans to expand its AI infrastructure, with CEO Mark Zuckerberg announcing a spending goal of up to $65 billion this year.

Meta to Raise $35 Billion for Data Center Financing Δ1.71

Meta Platforms is in talks to raise $35 billion from Apollo Global Management to finance the development of data centers in the U.S., according to a report. The financing package would be part of Meta's growing efforts to expand its AI infrastructure, driven by increasing computational requirements. The deal would help the company meet its ambitious investment goals for artificial intelligence.

OpenAI, Oracle Eye Nvidia Chips Worth Billions for Stargate Site Δ1.71

OpenAI and Oracle Corp. are set to equip a new data center in Texas with tens of thousands of Nvidia's powerful AI chips as part of their $100 billion Stargate venture. The facility, located in Abilene, is projected to house 64,000 of Nvidia’s GB200 semiconductors by 2026, marking a significant investment in AI infrastructure. This initiative highlights the escalating competition among tech giants to enhance their capacity for generative AI applications, as seen with other major players making substantial commitments to similar technologies.

Elon Musk's AI Company xAI Acquires 1 Million-Square-Foot Property in Memphis Δ1.70

xAI, Elon Musk’s AI company, has acquired a 1 million-square-foot property in Southwest Memphis to expand its AI data center footprint, according to a press release from the Memphis Chamber of Commerce. The new land will host infrastructure to complement xAI’s existing Memphis data center. "xAI’s acquisition of this property ensures we’ll remain at the forefront of AI innovation, right here in Memphis," xAI senior site manager Brent Mayo said in a statement.

Households Near New Pylons to Get Hundreds Off Energy Bills Δ1.70

The UK government plans to offer households living near new or upgraded pylons discounts of up to £2,500 over ten years to alleviate opposition to essential energy infrastructure projects. This initiative, part of the upcoming Planning and Infrastructure Bill, aims to expedite the development of clean energy sources while providing financial benefits to affected communities. Critics argue that monetary compensation cannot adequately address the aesthetic and environmental impacts of such developments, suggesting alternative investments in local amenities may be more beneficial.

Neom's Futuristic City Plans Taken over by Financial Disaster, Except for Mckinsey & Co Δ1.70

Neom's massive, 105-mile-long linear city project has become a financial sinkhole due to delays and cost overruns. The project, which was initially envisioned as a futuristic, carbon-neutral hub, is now projected to take another 55 years to complete and will likely cost $8.8 trillion, exceeding Saudi Arabia's annual budget by more than 25 times. The internal audit presented to Neom's board last summer revealed the bleak financial outlook, raising concerns about the project's viability.

Heathrow Mulls Shorter Third Runway to Cut Expansion Costs, FT Reports Δ1.70

Heathrow Airport is considering changes to its previous expansion blueprint to reduce costs, exploring options such as a shorter third runway. The airport's CEO had previously stated that a proposal for the third runway would be submitted this summer, with the goal of operational completion by 2035. This move aims to avoid diverting London's M25 motorway through a tunnel and instead expand to the northwest.

Virgin Group Aims to Raise $900 Million for Rail Service Bid Δ1.68

Virgin Group, led by billionaire Richard Branson, is seeking to raise £700 million ($900 million) to establish cross-channel rail services that would compete directly with Eurostar. The company plans to connect London with Paris and Brussels, with future extensions to Amsterdam, and aims to offer a high-frequency service that could commence as early as 2029. This initiative signals a significant move in the European rail market, emphasizing the potential for competition and innovation in rail transport.

Fortifying the UK’s Energy Sector: The Cybersecurity Imperative in an AI-Driven Future. Δ1.68

The UK's push to advance its position as a global leader in AI is placing increasing pressure on its energy sector, which has become a critical target for cyber threats. As the country seeks to integrate AI into every aspect of its life, it must also fortify its defenses against increasingly sophisticated cyberattacks that could disrupt its energy grid and national security. The cost of a data breach in the energy sector is staggering, with the average loss estimated at $5.29 million, and the consequences of a successful attack could be far more severe.

TSMC Announces Huge US Investment to Boost AI Development Δ1.68

Taiwan Semiconductor Manufacturing Company (TSMC) has committed to investing at least $100 billion in the US semiconductor manufacturing sector over the next four years, marking the largest single foreign direct investment in US history. This investment will support the establishment of three new fabrication plants, advanced packaging facilities, and an R&D center, with the potential to create tens of thousands of high-paying jobs in construction and technology. The move reflects a strategic effort to strengthen the US supply chain and reduce dependence on foreign semiconductor production.

Sabrent 30.72TB Enterprise SSD Revolutionizes Data Storage with Unparalleled Performance and Capacity Δ1.68

The Sabrent Rocket Enterprise PCIe 4.0 U.2/U.3 NVMe SSD has set a new benchmark for enterprise storage solutions, offering up to 7,000MB/s read speeds and handling over 56PB of data with one drive write per day durability. This massive 30.72TB model is designed to meet the demands of large-scale operations, including data centers and businesses requiring high-speed, high-endurance storage solutions. With its ultra-low bit error rate and sustained low-latency performance, this SSD is poised to disrupt the enterprise storage market.

TSMC to Spend $100B to Expand Chip Manufacturing in US, Trump Announces. Δ1.68

TSMC, the world's biggest semiconductor manufacturer, plans to invest $100 billion in the United States, President Donald Trump said Monday, on top of $65 billion in investments the company had previously announced. The investment will be for three more chip manufacturing plants, along with two packaging facilities, in Arizona. This move aims to restore American dominance in the global semiconductor market and create thousands of high-paying jobs.

Orion to Open New Biologics R&D Centre in Cambridge, UK Δ1.68

Orion Corporation is establishing a new research and development centre in Cambridge, UK in 2025 to accelerate its global growth strategy and the development of innovative medicines, focusing on biologics and large-molecule therapies. The new centre will support Orion's biologics research projects moving towards clinical phase, leveraging Europe's largest biomedical research hub and world-class scientific talent for collaboration. By reorganizing some work in Turku, Finland, Orion aims to optimize its R&D organization.

Gatwick: Why Is It so Hard to Move a Runway 12 Metres? Δ1.68

Gatwick Airport's plans to expand its runway by just 12 meters may seem straightforward, but the process is being bogged down by protests, politicking, and planning complexities that threaten to delay or even block the project. The government has given tentative backing for the £2.2bn scheme, but strong opposition from local residents, climate campaigners, and politicians means that it's unclear when - or if - the runway will be ready. Despite the public's concerns, the UK government seems determined to push ahead with the expansion.

Apple Inc.'s Data Center Spending Sparks Concern over Market Dominance Δ1.68

Apple Inc. (NASDAQ:AAPL) has been criticized for its significant spending on data centers, with some analysts questioning whether the investment is necessary and justifiable given the company's market dominance. The massive expenditures have raised concerns about the environmental impact of Apple's expansion into cloud computing and data storage. Apple's dominance in the technology sector has led to worries about the implications of this trend for competition and innovation.

Foxconn’s Mega-AI Plant Ready in a Year Despite Trump Tariffs Δ1.68

Foxconn's ambitious mega-AI server plant in Guadalajara, Mexico, is set to be completed within a year, despite looming tariffs proposed by former President Trump. With a planned investment of approximately $900 million, this facility will become the world's largest assembly plant for Nvidia's GB200 AI chips, signaling a robust commitment to expanding server-related operations in Mexico amidst ongoing U.S.-China trade tensions. Local government officials have expressed strong support for the project, emphasizing that investment in Jalisco's semiconductor industry continues to thrive, countering potential tariff impacts.

Cloud Giants Bet Big on AI as Data Center Spending Soars Δ1.68

The cloud giants Amazon, Microsoft, and Alphabet are significantly increasing their investments in artificial intelligence (AI) driven data centers, with capital expenditures expected to rise 34% year-over-year to $257 billion by 2025, according to Bank of America. The companies' commitment to expanding AI capabilities is driven by strong demand for generative AI (GenAI) and existing capacity constraints. As a result, the cloud providers are ramping up their spending on chip supply chain resilience and data center infrastructure.

Rare Earth Metal Could Be the Next Big Thing in Data Storage Δ1.68

Scientists at the University of Chicago's Pritzker School of Molecular Engineering have developed a new atomic-scale data storage method that manipulates microscopic gaps in crystals to hold electrical charges, allowing for terabytes of bits in a single millimeter cube. This approach combines quantum science, optical storage, and radiation dosimetry to store data as ones and zeroes, representing the next frontier in digital system storage. The breakthrough has significant implications for advancing storage capacity and reducing device size.

Tsmc and Trump Announce $100 Billion Investment in the Us, Including Three Fabs Δ1.68

TSMC is investing $100 billion in the United States, with a focus on building three fabrication facilities (fabs), two packaging facilities, and a research and development center. The investment will primarily be located in Arizona, with plans to create tens of thousands of high-paying jobs. TSMC's move to the US is seen as a response to global supply chain disruptions and geopolitical tensions.

TSMC Expands Investments in the U.S. to $165 Billion with New Fabs and R&D Center Δ1.67

TSMC has announced an additional investment of $100 billion into its U.S. operations, bringing its total commitment to $165 billion, aimed at expanding its manufacturing capacity with new fabs, packaging facilities, and an R&D center primarily located at Fab 21 in Phoenix, Arizona. While the company plans to ramp up construction and create approximately 40,000 jobs over four years, specific details regarding the timing and technologies remain undisclosed. Despite the potential for increased semiconductor production in the U.S., the higher costs associated with domestic manufacturing may deter some companies from utilizing TSMC's services.

The AI Industry Is Set for an Explosive Growth Spurt Δ1.67

The Stargate Project, a massive AI initiative led by OpenAI, Oracle, SoftBank, and backed by Microsoft and Arm, is expected to require 64,000 Nvidia GPUs by 2026. The project's initial batch of 16,000 GPUs will be delivered this summer, with the remaining GPUs arriving next year. The GPU demand for just one data center and a single customer highlights the scale of the initiative.

TSMC Pledges to Spend $100B on US Chip Facilities Δ1.67

TSMC aims to invest at least $100 billion in chip manufacturing plants in the U.S. over the next four years as part of an effort to expand its network of semiconductor factories. The company's cash infusion will fund the construction of several new facilities in Arizona, with TSMC previously investing around $65 billion and receiving up to $6.6 billion in grants from the CHIPS Act. This significant investment brings TSMC's total investments in the U.S. chip industry to around $165 billion.