QuikReader

QuikReader

  • Latest
  • Top stories
  • Business
  • Tech
  • World
  • Politics
  • Sports
  • Lifestyle
  • Health
  • Science
  • Entertainment
  • More
    • Sources
Sign in
  1. Business
  2. Sources
  3. CNBC
  4. US Top News and Analysis

Abu Dhabi's ADQ and American private equity firm ECP make $25 billion bet on powering U.S. data centers

The UAE has worked to strengthen ties with the U.S. on AI, and is seeking greater access to American technology in order to build its own infrastructure.
Read more at CNBC
  Save story

Topics

  • Data
  • AI
  • American
  • Billion
  • U.s

Related

  • OpenAI urges U.S. to allow AI models to train on copyrighted material

    OpenAI urges U.S. to allow AI models to train on copyrighted material

    OpenAI is asking the U.S. government to make it easier for AI companies to learn from copyrighted material, citing a need to “strengthen America’s lead” globally in advancing the technology.
    NBC News - Mar. 13

  • Binance secures ‘largest investment ever’ in crypto as Abu Dhabi’s MGX pledges $2 billion

    Emirati state-owned investment firm MGX announced a $2 billion investment into Binance, marking the cryptocurrency exchange's first institutional investment.
    CNBC - Mar. 13

  • OpenAI to pay CoreWeave $11.9 billion over five years for AI data centers, services

    Ahead of CoreWeave's upcoming IPO, the provider of data centers for AI has signed a five-year deal with OpenAI worth almost $12 billion.
    CNBC - Mar. 10

  • This could be the start of a $1 trillion shift away from U.S. stocks, regardless of what Americans do

    Foreign investors reallocating money away from the U.S. could fuel a $1 trillion sell order on U.S. equities, a UBS strategist said Friday.
    MarketWatch - Mar. 14
  • Unions ask court to stop DOGE from accessing Social Security data of millions of Americans

    Unions ask court to stop DOGE from accessing Social Security data of millions of Americans

    A group of labor unions asked a federal court for an emergency order to stop DOGE from accessing sensitive Social Security data.
    NBC News - Mar. 8
  • Over half of American adults have used an AI chatbot, survey finds

    Over half of American adults have used an AI chatbot, survey finds

    Artificial intelligence technology is becoming increasingly integral to everyday life. 52% of U.S. adults have used AI large language models like ChatGPT.
    NBC News - Mar. 12
  • Visa’s AI edge: How RAG-as-a-service and deep learning are strengthening security and speeding up data retrieval

    Visa’s AI edge: How RAG-as-a-service and deep learning are strengthening security and speeding up data retrieval

    Visa has reduced data retrieval from hours to mere minutes and blocked $40 billion in fraud thanks to gen AI tools.
    VentureBeat - 3d

  • Private equity wants a larger piece of the $12.5 trillion workplace retirement plan market

    With the new Trump administration, private equity firms see a greater opportunity in the $12.5 trillion in assets in employer-sponsored retirement plans.
    CNBC - Mar. 11
  • In the battle for blockchain leadership, American innovation is the answer

    In the battle for blockchain leadership, American innovation is the answer

    China has been investing heavily in blockchain technology, but the U.S. has the capacity to outcompete them and should continue to develop responsible regulations for blockchain to maintain its ...
    The Hill - 6d

More from CNBC

  • London’s Heathrow Airport closes after major fire nearby, sparking global travel chaos

    London's Heathrow Airport closed on Friday after a fire at a nearby electrical substation caused a power outage, airport officials said.
    CNBC - 36m

  • Nike expects sales will plunge in current quarter as it faces tariffs, sliding consumer confidence

    Nike is trying to execute a turnaround under new CEO Elliott Hill.
    CNBC - 13h

  • Accenture is DOGE's first corporate casualty as shares dive on warning that contracts will be cut

    Shares of Accenture slid more than 7% on Thursday after the consulting firm said tighter federal spending efforts have begun to weigh on its revenues.
    CNBC - 2h

  • Nvidia CEO Huang says he was wrong about timeline for quantum, surprised his comments hurt stocks

    Nvidia CEO Jensen Huang admitted at his company's "Quantum Day" that his prior comments about quantum computing came out wrong.
    CNBC - 17h

  • Judge bars Musk's DOGE team from Social Security records in scathing ruling

    The judge said DOGE launched a "fishing expedition" and failed to give any reason why it needed to access vast swaths of Americans' personal and private data.
    CNBC - 14h

More in Business

  • Tesla owners are trading in their EVs at record levels, Edmunds says

    Data from Edmunds shows that Tesla owners have been trading in their vehicles at record levels since CEO Elon Musk joined Trump's White House.
    CNBC - 29m

  • London’s Heathrow Airport closes after major fire nearby, sparking global travel chaos

    London's Heathrow Airport closed on Friday after a fire at a nearby electrical substation caused a power outage, airport officials said.
    CNBC - 36m
  • The Pentagon Draws Back the Curtains for Musk

    The Pentagon Draws Back the Curtains for Musk

    The billionaire was set to be briefed on the military’s closely guarded playbooks on China, raising new questions about his power and access.
    The New York Times - 37m
  • 5 Must-Watch TED Talks That Will Make You a Better Leader Right Now

    5 Must-Watch TED Talks That Will Make You a Better Leader Right Now

    Take your leadership to the next level with these must-watch TED Talks.
    Inc. - 38m
  • This AI Founder’s Revenue Is Growing 800 Percent Every Month. Her Secret to Sanity? Ecstatic Dance

    This AI Founder’s Revenue Is Growing 800 Percent Every Month. Her Secret to Sanity? Ecstatic Dance

    This free-flowing communal dance helps Wayfound’s Tatyana Mamut feel less exhausted by work.
    Inc. - 38m
© 2025 QuikReader - About - Terms - Privacy