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Ai Data Center

All articles tagged with #ai data center

business29 days ago•18 min saved

Marvell taps Adobe's Dan Durn as CFO to ride AI data-center wave

Marvell Technology named Adobe executive Dan Durn as chief financial officer, effective June 15, succeeding Willem Meintjes who will stay on in an advisory role through 2027; Durn brings semiconductor-finance experience from Applied Materials, NXP Semiconductors, Freescale and GlobalFoundries, and the move aims to capitalize on surging AI data-center demand, with Marvell's revenue outlook for 2028-2029 raised; shares slid about 2% in extended trading.

via Yahoo Finance|

#adobe-inc #ai-data-center #business

technology1 month ago•1 min saved

O’Leary to Downscale Utah AI Campus Amid Backlash

Celebrity investor Kevin O’Leary says he will shrink his planned 40,000-acre Utah AI data center project after political backlash.

via NBC News|

#ai-data-center #backlash #downsizing

business1 month ago•12 min saved

Nvidia’s Nod Sparks Overnight Rally for Marvell Amid AI Infrastructure Optimism

Marvell Technology stock surged in after-hours trading after Nvidia CEO Jensen Huang called Marvell the “next trillion-dollar company” at Computex, building on Nvidia’s $2 billion investment in the company. Marvell’s data-center business accounts for about 76% of revenue, positioning it at the center of AI infrastructure. With a roughly $192 billion market cap, MRVL would need substantial gains (about 420%) to reach $1 trillion, and while the endorsement signals momentum, some traders question whether the rally is fully justified by fundamentals.

via Yahoo Finance|

#ai-data-center #business #computex

technology1 month ago•11 min saved

NVIDIA bets on Vera CPU to boost AI data-center speed

NVIDIA introduced Vera, its first standalone data-center CPU, claiming it runs AI workloads 1.8 times faster than x86 chips; production starts in Q3 as Nvidia expands beyond GPUs into the AI infrastructure stack. Vera will compete with Intel Xeon, AMD Epyc and AWS Graviton, and Nvidia also expanded its DSX software for energy efficiency; Dell will offer DGX Station on Windows later this year, with Anthropic, OpenAI and SpaceX named among Vera’s first major users.

via Yahoo Finance|

#ai-data-center #dell-dgx-station #nvidia

technology1 month ago•9 min saved

Siemens, NVIDIA and partners unveil scalable DSX Vera Rubin data-center reference design

Siemens, together with NVIDIA, Fluence and nVent, unveiled a UL-aligned reference architecture for NVIDIA’s DSX Vera Rubin AI factory, translating its vision into an industrialized electrical, power and controls design for hyperscalers, colocation providers and specialized cloud infra. The NVL72 design emphasizes rapid, phased deployment with scalable capacity (up to hundreds of MW), Tier III concurrent maintainability, and centralized data-center management, while Fluence provides energy storage for resilience. Siemens’ pre-engineered, prefab power blocks reduce on-site complexity and accelerate commissioning, with future additions planned for advanced thermal management.

via Siemens press|

#ai-data-center #dsx-vera-rubin #nvidia

business-tech2 months ago•316 min saved

Utah communities push back as billionaire-backed AI data center moves forward near Great Salt Lake

Box Elder County approved a 40,000‑acre Stratos AI data‑center campus near the shrinking Great Salt Lake to power a 9‑GW facility with a natural‑gas plant, a project backed by Kevin O’Leary that officials say could create roughly 10,000 construction jobs and 2,000 permanent positions. Critics warn the plan could harm the local ecosystem and water resources, calling for independent studies, more information, and a referendum to overturn the decision; a referendum petition is being reviewed, and the first gigawatt could be online within two years as early work is expected to begin this fall.

via CNN|

#ai-data-center #business-tech #great-salt-lake

business5 months ago•3 min saved

KeyBanc Upgrades Intel and AMD on AI-Driven Server CPU Shortage

KeyBanc upgrades Intel and AMD to Overweight amid AI/data-center-driven demand that has left 2026 server CPUs largely sold out, with Intel's 18A process yielding over 60% and rising foundry momentum, and major customer wins aiding higher price targets.

via Seeking Alpha|

#ai-data-center #amd #business

technology6 months ago•6 min saved

Marvell's Acquisition of XConn Boosts AI Data Center Connectivity Leadership

Marvell is acquiring XConn Technologies to expand its AI data center connectivity solutions, adding advanced PCIe and CXL switching silicon, and strengthening its UALink scale-up switch team to support next-generation AI workloads and data center infrastructure.

via Marvell Technology|

#ai-data-center #cxl #marvell

business8 months ago•2 min saved

Meta Secures $27B Financing for Louisiana Data Center in Record Deal

Meta has secured a record $27 billion in financing from Blue Owl to develop a large-scale AI data center, marking a significant investment in AI infrastructure.

via TipRanks|

#ai-data-center #blue-owl #business

world8 months ago•1 min saved

Google's $24B AI Investment and Data Center Expansion in India Sparks Debate

Google's plan to build a ₹87,000 crore AI data center in Visakhapatnam has sparked controversy, with the government claiming it will create nearly 1.87 lakh jobs, while critics question the credibility of these claims and call for official confirmation. The project is seen as a potential economic boost for Andhra Pradesh, but transparency about actual employment and revenue benefits remains a concern.

via Greatandhra.com|

#ai-data-center #andhra-pradesh #google

business8 months ago•2 min saved

Meta invests $1.5 billion in El Paso AI data center, creating nearly 2,000 jobs

Meta is planning to invest $1.5 billion to build an AI data center in El Paso, Texas, which will create nearly 2,000 jobs and support Meta's AI technology infrastructure, with strong community and government backing.

via KFOX|

#ai-data-center #business #el-paso

technology9 months ago•1 min saved

Google invests $15 billion in India AI data center and hub

Google announced a $15 billion investment over five years to build a large AI data center in Vishakhapatnam, Andhra Pradesh, marking its largest investment in India and its biggest AI hub outside the US, aimed at boosting AI innovation and connectivity across the country.

via DW|

#ai-data-center #google #india

business9 months ago•1 min saved

Applied Digital Stock Soars on AI Data Center Expansion and Strong Q1 Results

Applied Digital's stock rose 16% after reporting strong Q1 results with 84% revenue growth to $64.2 million and announcing a major 150-megawatt data center expansion, including a new lease with CoreWeave expected to generate $11 billion over 15 years, highlighting its role in AI infrastructure investments.

via Yahoo Finance|

#ai-data-center #applied-digital #business

technology9 months ago•2 min saved

Elon Musk's xAI Gains Momentum with Nvidia's $20 Billion Investment

Elon Musk is constructing a massive AI data center called Colossus 2 in Memphis, Tennessee, aiming to house over 500,000 AI chips at a cost of at least $18 billion, with significant environmental and local community impacts.

via Futurism|

#ai-chips #ai-data-center #colossus-2

business9 months ago•2 min saved

Micron Stock Reacts to Earnings and AI Demand Fluctuations

Micron Technology reported strong quarterly results driven by AI data center demand, leading to multiple analyst upgrades and a bullish outlook, but its stock declined slightly despite a recent 29% rise, amid concerns about valuation peaks and profit-taking.

via Investor's Business Daily|

#ai-data-center #business #memory-chips