data centres3 articles
SoftBank Bets 75 Billion Euros on French AI Data Centres
SoftBank has announced plans to invest up to 75 billion euros in AI data centers across France, with an initial phase of 45 billion euros targeting 3.1 gigawatts of capacity in the Hauts-de-France region by 2031. The project, announced at President Macron's Choose France summit, includes partnerships with Schneider Electric and French startup Sesterce, and is expected to create thousands of jobs. The investment is part of SoftBank's broader global AI infrastructure push, though many of its international projects, including efforts in the US, UK, and Abu Dhabi, have yet to fully materialise.
SpaceX Is Burning $2.8 Billion on Gas Turbines While Regulators Circle Its AI Data Centres
SpaceX has committed over $2.8 billion to purchase gas turbines to power AI data centers for its xAI unit, which operates the Colossus 1 and Colossus 2 facilities in Tennessee and Mississippi. The investment comes despite public backlash, a lawsuit, and regulatory scrutiny over environmental concerns, including allegations that the company operated turbines without proper air permits. The disclosures emerged from SpaceX's IPO prospectus, as the company prepares to list on the Nasdaq stock exchange in the coming weeks.
Nvidia Posts Record Quarter, Investors Shrug
Nvidia reported record first-quarter results, with revenue up 85% year-on-year to $81.6bn and net income more than tripling to $58.3bn, driven by surging demand for AI infrastructure chips. Despite beating expectations, shares fell 1.6% in after-hours trading, as analysts noted investors have grown accustomed to Nvidia's exceptional performance and are seeking even higher growth. Concerns about increasing competition, as major clients develop their own chips, also weighed on investor sentiment.