Category: Data Centers

Meta Agrees to Pay Trump $25 Million to Settle His Lawsuit

President Trump had sued Meta and other tech firms in 2021, arguing that he had been wrongfully censored by them. Meta also reported a 21 percent increase in quarterly revenue.
Chevron Wants to Tap Into A.I. Boom by Selling Electricity to Data Centers

The oil company plans to build natural gas power plants that will be directly connected to data centers used by technology companies for artificial intelligence and other services.
What is DeepSeek? And How Is It Upending A.I.?

How did a little-known Chinese start-up cause the markets and U.S. tech giants to quake? Here’s what to know.
Nvidia Reels After DeepSeek’s A.I. Breakthrough

The tech industry has had an insatiable appetite for Nvidia’s chips over the last two years. But the feast may be over sooner than many had expected.
Meta to Increase Spending to $65 Billion This Year in A.I. Push

Much of the capital investment, a big jump from 2024, will fund expansion of Meta’s data centers, which provide the computing power needed by A.I. products and algorithms.
South Carolina Utility Wants to Sell Unfinished Nuclear Power Project

The utility, Santee Cooper, is trying to sell two nuclear reactors that it abandoned in 2017 as tech companies seek new sources of electricity for data centers.
Trump Announces $100 Billion A.I. Initiative

OpenAI, Oracle and SoftBank formed a new joint venture called Stargate to invest in data centers, building on major U.S. investments in the technology.
Oracle May Hold TikTok’s Future in Its Hands

The company is one of the app’s leading server providers, managing the data centers where billions of 40-second videos are stored.
Biden Administration Adopts Rules to Guide A.I.’s Global Spread

New rules aim to keep advanced technology out of China and to ensure that cutting-edge artificial intelligence is developed by the United States and its allies.
Constellation Energy to Buy Power Producer Calpine

Constellation Energy’s deal to buy Calpine is being driven by fast-rising demand for electricity by the technology industry.
White House Ignites Firestorm With Rules Governing A.I.’s Global Spread

The tech industry is fighting new regulations, expected soon, that aim to keep the cutting-edge technology in the United States and allied countries.
Who Is Hussain Sajwani, the Developer Behind Trump’s $20 Billion Data Center Pledge?

Hussain Sajwani, the founder and chairman of DAMAC Properties of Dubai, built the first Trump-branded golf course in the Middle East a decade ago.