AI data center buildout
Coverage of AI data center buildout in the Nexus archive.
- Rolls-Royce jumps 4% as it sees boost from both the defense boom and AI data center buildout
Rolls-Royce's stock rose 4% due to increased demand from defense and AI data center sectors. The company reported over 50% growth in orders for its data center power business in the first half of the year.
- AI buildout upends emissions targets
The expansion of AI data centers is causing companies like Amazon, Google, and Meta to report increased carbon emissions, prompting a reevaluation of climate pledges. The EU is considering relaxing climate regulations to facilitate data center construction, despite facing severe climate impacts and lagging behind the US in AI-ready compute resources.
- Minneapolis Fed's Neel Kashkari is now penciling in a rate hike this year
Minneapolis Fed's Neel Kashkari is considering a rate hike this year due to broad inflationary pressures, including oil price disruptions from the Middle East conflict and AI data center construction.
- GM wants your EV to help power the grid
General Motors proposes using parked electric vehicles (EVs) as energy sources to balance the U.S. power grid, citing 250,000 bidirectional EVs on U.S. roads. The initiative aims to address surging electricity demand driven by AI data centers and could lower utility bills for EV owners through bidirectional charging technology.