Category: Data Centers

Democratic Lawmakers Request Review of Howard Lutnick’s Possible Conflicts

Lawmakers in the House and the Senate asked a government watchdog to determine if Howard Lutnick is following ethics guidelines in promoting data centers that benefit his family’s businesses.
Senators Investigate Role of A.I. Data Centers in Rising Electricity Costs

Three Democrats are seeking information from tech firms about the growing energy use of data centers and the utility bills of individuals and other businesses.
Harold Hamm, Oklahoma Oil Tycoon, Allies With Trump to Reshape U.S. Energy

Harold Hamm, an Oklahoma oil tycoon, has played a central role in reshaping energy policy by allying himself with President Trump.
Why Oracle Is Worrying Investors About the A.I. Boom

Shares in the technology company are down as investors grow anxious that its bet on artificial intelligence, and OpenAI in particular, may not pay off.
A Data Center Wrapped in a Mystery Comes to the New Mexican Desert

As wealthier areas are pushing back against huge A.I. data centers, speculators are pitching places like Doña Ana County, N.M., on their vision. Local officials are eager for a deal — even if they don’t quite know the terms.
The A.I. Boom Is Driving the Economy. What Happens if It Falters?

A windfall for companies that build data centers and their suppliers is overshadowing weakness in other industries.
Family Affair: Commerce Secretary’s Sons Cash In on A.I. Frenzy

Howard Lutnick is helping push data center projects. His family companies are profiting from them.
Saudi Arabia, Once Shunned, Has Corporate Titans Swooning for Deals

Some of the most prominent U.S. executives gathered at the Kennedy Center for an event promoting deal-making with the oil-rich kingdom.
Saudi Arabia Backs Elon Musk’s xAI With Data Center Deal

Mr. Musk’s xAI will work with the Saudi artificial intelligence company Humain on a new data center, part of Crown Prince Mohammed bin Salman’s effort to diversify his country’s economy.
Debt Has Entered the A.I. Boom

To fund heavy spending on infrastructure for artificial intelligence, companies have leveraged a growing list of complex debt-financing options.
A.I. Isn’t the Only Thing Pushing Up Electricity Bills. (But It’s Mostly A.I.)

Calvin Butler, the chief executive of Exelon, one of the nation’s largest utility companies, is trying to keep the lights on.
Amazon’s Profit Is Up 38% on Strong Performance

After unexpectedly strong sales and profits across its consumer and cloud businesses, the tech giant said another strong quarter might be ahead.