New York Becomes First State to Freeze Data Centers
Governor Hochul signed an executive order pausing permits for data centers over 50 megawatts for up to a year, making New York the first US state to enact a statewide moratorium.
Articles Tagged "Data Centers"
Reflection AI Buys $1B More Nvidia Compute From Nebius
Nebius will sell Reflection AI over $1 billion in Nvidia GB300 compute through 2029, the open-source AI lab's second billion-dollar infrastructure deal in three weeks.
US Grants UAE License-Free Access to Nvidia AI Chips
The Commerce Department reclassified the UAE to Country Group A:5, giving NVIDIA, AMD, and Cerebras a clear path to supply AI chips and servers without per-shipment export licenses.
Meta Moves Iris AI Chip Into Production in September
A Reuters-obtained internal memo reveals Meta will start manufacturing its Iris chip in September, targeting 14 GW of computing capacity by 2027 while cutting NVIDIA and AMD dependency.
SK Hynix Nasdaq IPO: $28B HBM Bet Prices Thursday
SK Hynix's $28B Nasdaq IPO prices Thursday, putting the dominant supplier of AI high-bandwidth memory in reach of US investors for the first time.
Anthropic Signs $19B Lease With Former Bitcoin Miner
Anthropic signed a 20-year, $19 billion data center lease with TeraWulf at a former aluminum smelter in Kentucky, its largest dedicated infrastructure commitment yet.
Crusoe Eyes $3B Round to Triple AI Factory Valuation
Crusoe is in talks to raise roughly $3 billion at a $30 billion valuation, tripling what investors paid eight months ago as AI compute demand outstrips available infrastructure.
Meta Builds Cloud Business to Sell Excess AI Compute
Meta is building a cloud business to sell excess AI compute capacity, sending its stock up 8% while CoreWeave dropped 13% and Nebius fell 15%.
South Korea Commits $518B to Samsung and SK Hynix Fabs
South Korea announced an 800 trillion won chip investment plan to build four new fabs with Samsung and SK Hynix in the country's southwest, targeting AI memory dominance through 2035.
Amazon Tops Hyperscalers With $48B India AI Pledge
Amazon CEO Andy Jassy pledged $48 billion for India through 2030 after meeting PM Modi, outspending Microsoft and Google on AI infrastructure in the world's fastest-growing cloud market.
Anthropic Locks In Micron as HBM Defines the AI Race
Micron and Anthropic signed a multi-year HBM supply deal on June 22, with Micron also investing in Anthropic's Series H as memory bandwidth becomes the rate-limiting constraint for frontier AI.
Reflection AI Locks $6.3B Compute Deal With SpaceX
The AlphaGo co-founder's open-source AI lab will pay SpaceX $150M monthly for Nvidia GB300 chips at Colossus 2, totaling $6.3B before shipping a single public model.
