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.
Read more at The New York Times
Topics
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Blackstone Still Bullish on A.I. Data Centers Despite DeepSeek
Blackstone, a major global investor in data centers that run A.I. systems, expects use of the technology to rise as the cost of computing power falls.The New York Times - 3h -
Meta Spending to Soar on AI, Massive Data Center
The social-media giant plans to spend between $60 billion and $65 billion, the latest sign of tech companies’ accelerating investments into artificial intelligence.The Wall Street Journal - 6d -
Nvidia Supplier SK Hynix Posts Record Profit on AI Boom
The South Korean memory-chip maker reported record quarterly and annual results after stronger-than-expected earnings for the final quarter of 2024 on robust chip demand.The Wall Street Journal - Jan. 22 -
Victoria’s Secret taps retail veteran as new CFO, but stock sells off
Victoria’s Secret is facing customers who are dealing with higher costs for more pressing needs.MarketWatch - 1d -
Chevron, GE Vernova aim to fuel power-hungry AI. DeepSeek throws that in question.
Chevron and GE Vernova are trying their hand at supplying power to data centers, just as China’s DeepSeek may upend that play.MarketWatch - 2d -
Essential principles to produce and consume data for AI acceleration
VB LAB INSIGHTS: This is a VB Lab Insights article presented by Capital One. AI offers transformative potential, but unlocking its value requires strong data management. AI builds on a solid data ...VentureBeat - 2d -
Data Centers Have a Cooling Problem—These Companies Are Solving It
3D Architech and Apheros are working on innovative solutions to make those big AI brains more sustainable.Inc. - 3d -
Big Tech Wants Data Centers Plugged Directly into Power Plants. Utilities Don’t
If data centers connect direct to the utilities, it raises questions about the grid.Inc. - 4d -
Big Tech wants to plug data centers right into power plants. Utilities say it's not fair
Looking for a quick fix for their fast-growing electricity diets, tech giants are increasingly looking to strike deals that would let them plug directly into power plantsABC News - 5d -
So, you want my data? What’s in it for me?
Data collection doesn’t just generate value for the company that gathers it. It also imposes a cost on the data subject.The Hill - 5d -
Meta Spending to Soar on AI, Massive Data Center
The social-media giant plans to spend between $60 billion and $65 billion, the latest sign of tech companies’ accelerating investments into artificial intelligence.The Wall Street Journal - 6d -
Musk clashes with OpenAI CEO Sam Altman over Trump-supported Stargate AI data center project
Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence infrastructure project touted by President Donald Trump, the latest in a feud between the two billionaires ...ABC News - Jan. 23 -
SK Hynix profits beat Samsung’s for first time on AI boom
South Korean chipmaker expects sales of high-bandwidth memory products to more than double this yearFinancial Times - Jan. 23 -
Nvidia Supplier SK Hynix Posts Record Profit on AI Boom
The South Korean memory-chip maker reported record quarterly and annual results after stronger-than-expected earnings for the final quarter of 2024 on robust chip demand.The Wall Street Journal - Jan. 22 -
South Carolina Utility Wants to Sell Unfinished Nuclear Power Site
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.The New York Times - Jan. 22 -
Trump announces 'Stargate' AI infrastructure project with 'colossal data centers'
President Trump is joined by Larry Ellison, Masayoshi Son and Sam Altman to announce a new American company that will invest $500 billion in AI infrastructure.NBC News - Jan. 21 -
Trump announces $500 billion investment in 'colossal' AI data centers
The 47th president is meeting with congressional leaders this afternoon and plans to deliver remarks from the White House later today.NBC News - Jan. 21 -
LogicMonitor equips CIOs to lead the new era of AI-optimized data centers
Observability is essential as AI introduces new challenges for data centers. With Observability, CIOs can monitor, analyze and optimize in real time, ensuring systems remain scalable, reliable, and ...CBS News - Jan. 21 -
General Motors Is Banned From Selling Driving Behavior Data for 5 Years
An investigation by the Federal Trade Commission determined that consumers had not been aware that the automaker was providing their driving information to data brokers.The New York Times - Jan. 17 -
Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom
Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boomABC News - Jan. 16 -
Biden Issues Executive Order to Ensure Power for AI Data Centers
The rapid growth and huge electricity needs spawned by the artificial intelligence revolution spurs a directive to lease federal sites owned by Defense and Energy departments for power supply centers.Inc. - Jan. 14 -
A company that tracks and sells Americans' location data has seemingly been hacked
A company that tracks American location data through smartphones has been hacked by Russian cybercriminals, according to cybersecurity researchersNBC News - Jan. 10 -
Trump Blurs Lines in $20 Billion Data Center Announcement and Other Deals
Even before the start of the new administration, there has been repeated blurring of lines between the federal government efforts and Trump family businesses.The New York Times - Jan. 7 -
Emirati billionaire investing $20B in US to build data centers
President-elect Trump announced Tuesday that Emirati billionaire Hussain Sajwani plans to invest $20 billion in the United States “over a very short period of time” to build data centers across the ...The Hill - Jan. 7 -
Trump announces Dubai company will invest at least $20 billion in U.S. data centers
DAMAC Properties is the latest foreign investor to announce plans for the U.S. since Donald Trump's victory.CBS News - Jan. 7 -
Trump announces $20 billion foreign investment to build new U.S. data centers
Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money.CNBC - Jan. 7 -
Nvidia releases gaming chips for PCs, tapping AI features from data center GPUs
At CES in Las Vegas, Nvidia showed that it's still focused on serving gamers even as the company's primary business is now in the data center.CNBC - Jan. 7 -
Nvidia’s $3,000 ‘Personal AI Supercomputer’ Will Let You Ditch the Data Center
Nvidia CEO Jensen Huang also announced new AI tools for creating autonomous agents during a keynote address at CES.Wired - Jan. 7 -
Data Centers Need to Look Beyond Green Energy, Siemens Says
Operators must find an alternative solution to the AI energy-consumption conundrum, Siemens’s Smart Infrastructure CEO said.The Wall Street Journal - Jan. 6 -
Phantom data centers: What they are (or aren’t) and why they’re hampering the true promise of AI
So-called fake data centers are a bottleneck to scaling infrastructure to keep up with compute demand for AI and other critical workloads.VentureBeat - Jan. 4 -
Microsoft expects to spend $80 billion on AI-enabled data centers in fiscal 2025
Over half of Microsoft's $80 billion in spending will take place in the U.S., Microsoft Vice Chair and President Brad Smith wrote in a Friday blog post.CNBC - Jan. 4 -
Microsoft expects to spend $80 billion on AI-enabled data centers over next 12 months
Microsoft plans to spend $80 billion in fiscal 2025 on the construction of data centers that can handle artificial intelligence workloads, the company said in a Friday blog post.NBC News - Jan. 3 -
China's electric car boom is increasingly more about hybrids
Hybrid-powered vehicles are proving more popular than battery-only ones in China, even as consumers shift away from gas-only cars, full-year data show.CNBC - Jan. 3
More from The New York Times
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Bill Gates Isn’t Like Those Other Tech Billionaires
The Microsoft co-founder and philanthropist is taking a break from the future to examine his past — and mulling where the billionaires now fit in.The New York Times - 5h -
Bill Gates Isn’t Like Those Other Tech Billionaires
The Microsoft co-founder and philanthropist is taking a break from the future to examine his past — and mulling where the billionaires now fit in.The New York Times - 5h -
U.S. Economy Grew 2.3 Percent in Fourth Quarter
Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.The New York Times - 8h -
U.S. Economy Grew 2.3 Percent in Fourth Quarter
Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.The New York Times - 8h -
European Central Bank Cuts Interest Rates as Economic Growth Stagnates
The European Central Bank’s reduction, the fifth consecutive cut since last summer, came a day after the U.S. Federal Reserve held interest rates.The New York Times - 8h
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