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Data Centres

All articles tagged with #data centres

Charlton Data Centre Proposal Sparks Clash Over London Land Use
urban-planning5 days ago

Charlton Data Centre Proposal Sparks Clash Over London Land Use

A proposed 100,000 sq m data centre at Charlton Riverside in south-east London has triggered a dispute between local authorities and developers. Greenwich Council opposes the project, arguing it conflicts with plans for 8,000 new homes and 1,000 jobs in the area. Developers counter that the facility is critical national infrastructure that will support the local economy and unlock housing through improved infrastructure. The debate highlights broader tensions in London between expanding digital infrastructure and addressing housing shortages.

via BBC|
#ai-infrastructure#data-centres#greenwich-council
Nscale files for a $35bn US IPO to fuel AI data-centre expansion
business20 days ago

Nscale files for a $35bn US IPO to fuel AI data-centre expansion

Nscale, a Nvidia-backed UK data-centre group, has filed for a US listing valuing the company at up to $35bn and plans to list on the NYSE while remaining UK-domiciled; the company has raised billions in equity and debt and counts Nvidia, Dell and Nokia among backers, and has signed major AI‑infrastructure deals with Anthropic, Microsoft and OpenAI, including a West Virginia data centre under construction that’s expected to come online next year. The group posted a first-half net loss of $1bn on $141m revenue, driven largely by non-cash charges, and is launching a UK retail share offering via RetailBook as part of its IPO strategy.

via Financial Times|
#ai-infrastructure#business#data-centres
OpenAI bets on huge cash burn to power AI infrastructure by 2030
technology21 days ago

OpenAI bets on huge cash burn to power AI infrastructure by 2030

OpenAI expects to burn about $280 billion in cash by 2030 as it pours hundreds of billions into data centers and computing power to scale its AI, with expenses outpacing revenue (projected to rise from $36 billion now to about $350 billion by 2030 and about $840 billion in bookings through 2030). The plan hinges on multi-hundred-billion funding rounds at a roughly $1.2 trillion valuation, supported by roughly $856 billion in infra spend; $122 billion raised in March is expected to run dry by 2028. The strategy includes price cuts to win business from Anthropic and cheaper models, and IPO plans have been delayed amid market concerns.

via Financial Times|
#artificial-intelligence#data-centres#infrastructure-investment
AI-driven Texas data-centre boom dents entry-level jobs for grads
economy1 month ago

AI-driven Texas data-centre boom dents entry-level jobs for grads

Dallas Fed researchers say rapid AI adoption is linked to unusually high unemployment among Texas college graduates, in a state that hosts the most data-centre capacity. In Q1 2025, postings for AI-exposed occupations fell about 8% relative to less exposed roles, signaling early disruption to entry-level work such as software development and clerical jobs. The findings underscore how AI is reshaping Texas’s labour market amid political debates over data-centre expansion and broader youth unemployment concerns.

via Financial Times|
#artificial-intelligence#data-centres#economy
AI's Capital Surge: Boom or Budget Squeeze?
economy1 month ago

AI's Capital Surge: Boom or Budget Squeeze?

Soumaya Keynes argues the AI funding binge is real, with AI firms taking a growing share of VC and debt markets and data‑centre demand rising, but evidence of crowding out in the wider economy is inconclusive: BIS data shows AI‑ready economies are investing more, Goldman Sachs finds only a small drag on non‑AI borrowers, and any crowding-out risk remains modest for now, though longer‑term debt and energy constraints could reshape capital allocation.

via Financial Times|
#artificial-intelligence#data-centres#economy
Banks plan $15bn bond refi for Google-backed Anthropic Texas data center
business2 months ago

Banks plan $15bn bond refi for Google-backed Anthropic Texas data center

Banks led by Morgan Stanley plan a multi-bond refinancing of about $15 billion tied to a Google-backed data center in Hubbard, Texas that Anthropic will lease, aiming to free lending capacity as AI infrastructure finance heats up. The debt, which features a delay-draw structure and may be split across bonds and leveraged loans, would still carry speculative-grade risk despite Google’s backstop. Nexus Data Centers remains the developer, and the project will house Google TPU chips with separate financing for the chips and a dedicated natural-gas power plant to curb delays and costs. Lenders are also seeking to shed AI-related exposure amid a crowded, high‑capital market for big data-center projects.

via Financial Times|
#ai#bonds#business
AI Spending Fuels Widening Big Tech Credit Risks
technology2 months ago

AI Spending Fuels Widening Big Tech Credit Risks

Investors are wary of Big Tech’s AI-driven capex as credit-default swaps for Oracle, Nvidia, Alphabet, Amazon, Meta, Broadcom and others hit fresh highs; Oracle’s five-year CDS is around 215 bps and Nvidia about 79 bps, with Meta’s Texas data-centre borrowing costs moving toward junk; Oracle was downgraded to BBB- by S&P amid questions about profitability, while OpenAI/Nvidia discussions for a 10GW Ohio data-centre project highlight the scale of planned spend. Analysts warn AI financing outpaces cash flow, making CDS hedges more common and signaling rising credit risk in the sector.

via Financial Times|
#ai#big-tech#credit-markets
Data centers as America's test of industrial resolve and domestic supply resilience
opinion3 months ago

Data centers as America's test of industrial resolve and domestic supply resilience

The author argues that data centres are a strategic test of US industrial resolve, highlighting how China’s dominance in critical minerals and downstream tech was shaped by past American missteps. While local opposition and proposed moratoria raise concerns about energy, water, and permitting, data centres spur investment in domestic manufacturing of advanced electrical equipment and create jobs, aligning demand with rebuilding resilient supply chains. By channeling investment—rather than halting projects—into US workers and clean-energy grid upgrades, the US can strengthen its industrial base and compete with Beijing, avoiding a repeat of the rare-earth era’s missed opportunities.

via Financial Times|
#data-centres#opinion#reindustrialisation