New and expanded data centers are expected to double the sector’s power demand by 2029 as tech companies rush to capitalize on AI.
Category: data centers
Climate, data centers, Global Security News, nuclear fission, nuclear power, reverse merger, SPAC, Startups
Nuclear startup Terrestrial Energy goes public via SPAC, netting $280 million in merger
The Canadian company is developing small modular reactors. It previously raised nearly $100 million.
AI, Artificial Intelligence (AI), Climate, data centers, electrical grid, Global IT News, Global Security News, Microsoft, nvidia
Nvidia thinks AI can solve electrical grid problems caused by AI
The Open Power AI Consortium says it will use domain-specific AI models to tackle problems in the power industry. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Amazon, amazon alexa, Amazon Echo, Artificial Intelligence, Big Data, Cloud, Cloud Security, data centers, Global Security News, privacy, Security, storage
Amazon’s Controversial Change to Echo’s Privacy Settings Takes Effect Soon
Amazon is mandating cloud-based processing for Echo voice commands, removing local storage and disabling Alexa’s voice ID to expand its generative AI capabilities.
Climate, data centers, Fervo Energy, Fundraising, geothermal, Global IT News, Global Security News, IPO
Geothermal unicorn Fervo Energy may IPO as early as next year
Driving the consideration is the growing concern over power demand growth from data centers, which could double by 2029. © 2024 TechCrunch. All rights reserved. For personal use only.
Climate, data centers, Enterprise, Global IT News, Global Security News, Google, google cloud, lithium ion batteries
Lithium-ion batteries are remaking Google’s data centers
Google is replacing lead-acid battery backup units with lithium-ion cells, freeing up space for more servers. © 2024 TechCrunch. All rights reserved. For personal use only.
Artificial Intelligence (AI), Bedrock Energy, Climate, data centers, Enterprise, Fervo Energy, geothermal energy, Global IT News, Global Security News, Quaise Energy, Rhodium, Sage Geosystems
Geothermal could power nearly all new data centers through 2030
Geothermal resources have enormous potential to provide the sort of consistent power that data centers crave. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, colocation, data centers, ecodatacenter, Fundraising, Global IT News, Global Security News, Hardware
CoreWeave partner EcoDataCenter racks up half a billion dollars to build more sustainable buildings for AI
EcoDataCenter, a Swedish company that builds eco-friendly data centers used by major compute providers to handle their AI traffic, has raised nearly half a billion dollars — $478 million (€450 million) to be exact — in anticipation of more demand. The equity funding, which is coming from a group of unnamed institutional investors, will be…
AI, data centers, Enterprise, export controls, Global IT News, Global Security News, Hardware, nvidia, semiconductors
Chinese buyers are getting Nvidia Blackwell chips despite U.S. export controls
Upholding export controls on semiconductor chips made in the U.S. may be harder than Washington D.C. thinks. Chinese buyers are getting their hands on computing systems with Nvidia’s Blackwell chips through third-party traders located in other regions, the Wall Street Journal reported. Buyers in Malaysia, Taiwan and Vietnam are buying these resources for their own…
AI, Artificial Intelligence, chips, data centers, Enterprise, Fundraising, Global IT News, Global Security News, Hardware, semiconductor
Hyperlume wants to make chip-to-chip communication faster and more efficient
Data centers consumed 4.4% of U.S. electricity in 2023 and are estimated to use up to 12% by 2028. The majority of the energy data centers suck up is used to help transfer data from chip to chip. A company called Hyperlume is looking to make that process more energy-efficient while also speeding it up.…
Climate, data centers, electrical grid, Global IT News, Global Security News, Government & Policy, hydropower, Trump Administration
Trump admin reverses hydropower layoffs that sparked grid stability fears
The layoffs slashed between 13% to 20% of the four Power Marketing Administrations’ workforces. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Artificial Intelligence (AI), Climate, data centers, electricity, Enterprise, Global IT News, Global Security News, power grid
Data center tweaks could unlock 76 GW of new power capacity in the U.S.
A new study argues that data centers could be ideal demand-response participants because they have the potential to be flexible. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Artificial Intelligence (AI), Climate, data centers, Enterprise, Global IT News, Global Security News, Meta, renewable power, Solar Power
Meta turns to solar — again — in its data center-building boom
The announcement comes as Meta CEO Mark Zuckerberg maintains the company’s ambitious AI strategy, which will require hefty capital investments in data centers. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, ai infrastructure, data centers, databank, Enterprise, Funding, generative ai, Global IT News, Global Security News, Infrastructure
Data center operator DataBank nets $250M equity investment
The data center market is booming, driven by AI demand. Just last week, OpenAI said that it plans to team up with backers including SoftBank to spend at least $100 billion on data center infrastructure in the U.S. Microsoft aims to put around $80 billion toward AI infrastructure this year, and rival tech giants have…
Brendan Wallace, data centers, energy, Fifth Wall Ventures, Global IT News, Global Security News, PropTech, Real estate, real estate fintech, Startups
As demand for data centers soars, real estate companies look to become energy developers
Brendan Wallace has a lot on his mind lately. Wallace is the co-founder of Fifth Wall Ventures, a nine-year-old proptech venture firm with $3.2 billion in assets under management. He’s also a homeowner in L.A., which continues to battle raging wildfires. While his place remains intact, many of his friends haven’t been so lucky. Wallace…
AI, data centers, Donald Trump, Global IT News, Global Security News, Government & Policy, In Brief, mgx, openai, oracle, president donald trump, president trump, Softbank, stargate, Trump, Venture
OpenAI’s Stargate project reportedly doesn’t have the money it needs
Stargate — the massive infrastructure project to build data centers for OpenAI in the U.S. — lacks a fully developed plan and hasn’t secured funding yet, according to a report from the Financial Times. Backed by OpenAI, SoftBank, Middle East AI fund MGX, and others, Stargate would funnel around $100 billion — and upward of…
Bedrock Energy, Climate, data centers, energy impact partners, Fundraising, geothermal, Global IT News, Global Security News, hvac, Sustainable Future Ventures, Titanium Ventures
Bedrock Energy wants geothermal to make data centers cooler and offices more comfortable
To cut costs and minimize geothermal’s footprint, Bedrock drills deeper. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, data centers, datacenters, generative ai, Global IT News, Global Security News, In Brief, Infrastructure, mgx, openai, report, Softbank, stargate
OpenAI and SoftBank are reportedly putting $19B each into Stargate
We may now know roughly how much money SoftBank and OpenAI are contributing toward Stargate, the massive infrastructure project to build data centers for OpenAI across the U.S. SoftBank and OpenAI each plans to commit $19 billion of capital to Stargate, according to The Information. The two companies would then both own 40% of the…
AI, Climate, data centers, Enterprise, fission, Global IT News, Global Security News, nuclear power, South Carolina, Westinghouse
Zombie nuclear reactors could be revived thanks to AI data center demand
Hoping to capitalize on the data center power boom, state-owned utility Santee Cooper is looking for partners to finish construction on two incomplete reactors. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, data center, data centers, generative ai, Global IT News, Global Security News, Government, openai, oracle, Softbank, stargate, texas
OpenAI teams up with SoftBank and Oracle on $500B data center project
OpenAI says that it will team up with Japanese conglomerate SoftBank and with Oracle, along with others, to build multiple data centers for AI in the U.S. The joint venture, called The Stargate Project, will begin with a large data center project in Texas and eventually expand to other states. The companies expect to commit $100…
Amperesand, Climate, data centers, electrical grid, electricity, Enterprise, EV charging, Exclusive, Global IT News, Global Security News, Solid State, Transportation
Amperesand targets data centers as the next big customer for its solid-state transformers
Amperesand’s technology replaces the iron cores that define old transformers with silicon carbide. © 2024 TechCrunch. All rights reserved. For personal use only.
Climate, data centers, Global IT News, Global Security News, Government & Policy, Trump Administration, Wind power
Trump moves to sink offshore wind
President Trump signed an executive order that halted federal leases for offshore wind development on the outer continental shelf. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Climate, data centers, Engie, Enterprise, Facebook, Global IT News, Global Security News, Meta, renewable energy, Solar Power
Meta adds 200 megawatts of solar to its 12 gigawatt renewable portfolio
The news comes as tech companies ramp up their AI ambitions, adding data centers at a breakneck pace and boosting demand for power. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, AI companies, Artificial Intelligence, Biden administration, data centers, Enterprise, Global IT News, Global Security News, Government & Policy, Trump Administration
Biden administration opens up federal land to AI data centers
With less than a week left in office, President Joe Biden is not done leaving his mark on the AI industry. President Biden issued an executive order on Tuesday that will allow private sector AI companies to lease federal sites owned by the Department of Defense and Department of Energy in order to build AI…
AI, ai accelerator chips, ai accelerators, AI chips, alibaba, Apple, data centers, Enterprise, Global IT News, Global Security News, Synopsys, ualink, Ultra Accelerator Link Consortium
Apple joins consortium to help develop next-gen AI data center tech
Apple has joined a consortium creating next-gen technology to link together chips in AI data centers. The consortium, the Ultra Accelerator Link Consortium, is developing a standard called UALink, which connects the AI accelerator chips found within a growing number of server farms. As of Tuesday, Apple is a member of the consortium’s board, along…
Climate, data centers, Deep Fission, endeavour, Enterprise, fission, Global IT News, Global Security News, nuclear power
Nuclear startup Deep Fission plans to bury micro-reactors to power data centers
Deep Fission’s small modular reactors would be lowered on cables down a 30-inch, one-mile deep borehole. © 2024 TechCrunch. All rights reserved. For personal use only.
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TechRepublic Premium Editorial Calendar: Policies, Hiring Kits, and Glossaries for Download
TechRepublic Premium content helps you solve your toughest IT issues and jump-start your career or next project.
Climate, data centers, fission, Global IT News, Global Security News, nuclear power, Oklo, sam altman, Startups
Sam Altman-backed nuclear startup Oklo lands massive data center power deal, with caveats
Among the hurdles, Oklo still hasn’t received approval from the Nuclear Regulatory Commission after having its previous application denied. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Artificial Intelligence (AI), carbon capture and storage, CCS, Climate, data centers, Enterprise, exxon, exxonmobil, Global IT News, Global Security News, power plant
Exxon can’t resist the AI power gold rush
The oil and gas company announced that it’s planning to build a massive power plant for data centers. © 2024 TechCrunch. All rights reserved. For personal use only.