Data and AI giant Databricks has raised a staggering $4 billion in new funding, pushing its valuation to $134 billion. CEO Ali Ghodsi suggests a public offering could happen in 2026 as the company accelerates its AI product suite.
A routine SEC filing from Oracle dropped a financial bombshell last week: $248 billion in future lease commitments for AI data centers. This staggering figure, largely off the balance sheet, reveals the immense scale and risk of the cloud infrastructure arms race.
ABB is acquiring UK-based electrical monitoring specialist IPEC. The deal aims to bring predictive maintenance tech for power infrastructure into ABB’s service portfolio for data centers.
The hyperscale provider has acquired 2.4 million sq ft of land for its first Saudi facility. The move is a direct play to support the country’s Vision 2030 and national AI goals.
Two companies, Vema Hydrogen and Verne, have inked a deal to supply clean hydrogen power for data centers in California. The plan is to start operations by 2028, producing over 36,000 metric tons of hydrogen annually. This is a direct response to the soaring energy needs driven by artificial intelli
Microsoft is buying 3.6 million metric tons of carbon removal credits from a biofuels plant in Louisiana that hasn’t even been built yet. The deal highlights the tech giant’s scramble to offset its massive data center emissions.
A massive £2.1 billion lawsuit against Microsoft has reached a UK tribunal. The case alleges the tech giant overcharged businesses for using its software on competing cloud platforms like AWS and Google Cloud.
VoltaGrid and energy services giant Halliburton have secured manufacturing capacity for 400MW of modular natural gas power systems. The systems are designed for hyperscale data centers in the eastern hemisphere, with delivery expected in 2028.
Oracle’s stock plunged 14.5% despite beating profit expectations, as investors balked at its huge spending plans for AI infrastructure. The sell-off weighed heavily on the S&P 500 and even dragged down AI leader Nvidia.
Oracle’s much-hyped AI infrastructure demand wasn’t enough to save its quarterly results. The company missed revenue expectations, sending its shares tumbling and taking other major AI players down with it in premarket trading.
