SoftBank Loses $7 Billion as AI Data Centers Turn Out to Be Risky Investment
SoftBank faces severe financial losses totaling $7 billion linked to risky artificial intelligence data centers and gas turbine investments.
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SoftBank faces severe financial losses totaling $7 billion linked to risky artificial intelligence data centers and gas turbine investments.
Sacramento is caught between a pitch to become a premier data center destination and resident opposition as SMUD weighs new protections.
SpaceX is planning a $74 billion investment to build natural gas-powered data centers in Texas and Arizona, marking a major infrastructure pivot.
Data center construction is expected to continue despite midterm election results, even as opponents claim victories and electricity concerns drive much of the backlash.
AI cloud provider CoreWeave is seeking at least $4 billion in investment-grade debt to fund its rapidly expanding data center infrastructure.
Yandex Cloud announced that nearly 3% of its data was lost due to crippling Ukrainian drone strikes.
Meta's longtime head of infrastructure Santosh Janardhan will step down in early 2027 and be succeeded by former AWS executive Dave Brown.
GE Vernova shares fell 4% after SoftBank recorded a $3.7 billion charge on power equipment for its Ohio data center campus, though SoftBank says the project is still proceeding.
Chicago Fed President Austan Goolsbee called the October CPI report “borderline disturbing,” pushing a half-point rate hike firmly onto the table as inflation pressures spread into services.
Midterm election results reveal voter backlash against data centers, impacting political alignment and the incoming Congress.
Texas Governor-elect Gina Hinojosa plans to freeze residential electricity rates on her first day in office, declaring an emergency over rising energy costs.
SoftBank Group reported a $7 billion quarterly loss driven by a $3.7 billion writedown on advance payments for U.S. data center projects, according to The Information.
Artificial intelligence data centers could consume up to 1 percent of global electricity by 2030, raising infrastructure concerns.
CoreWeave faces a political hurdle in Texas as the incoming governor signals stricter scrutiny over data center expansions.
Banks and credit investors are pulling back from AI-related debt deals after a market selloff erased $2.5 trillion from the Nasdaq 100, with some lenders now reluctant to finance even deals backed by major tech companies.
Goldman Sachs CEO David Solomon says AI financing demand remains strong despite rising debt costs and market jitters, citing estimates of more than $10 trillion in U.S. data center investment through 2032.
Anthropic has signed a $3.4 billion deal for 1.7 gigawatts of Caterpillar gas generators to power its data centers, joining a broader AI industry push into natural gas infrastructure.
Residents of Indonesia's Batam island protested water shortages they blame on data centers, while officials cite drought and infrastructure failures as the cause.
Microsoft is reportedly scaling back its reliance on neocloud data center providers as its massive AI infrastructure expansion encounters strain, according to multiple financial and technology outlets.
Data center CFOs and political candidates face mounting pressure after a blue wave in the midterm elections.
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Nvidia and other AI-related stocks rebounded Monday after a sell-off, with investors focused on upcoming earnings and data-center demand signals.
Democrats leveraged public anger surrounding data centers to flip red states, according to recent reporting from CNN.
Google commits to spending $17 billion on artificial intelligence data center infrastructure in Wyoming.
Texas faces scrutiny over electricity bills and the impact of data centers on the state power grid.
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Voters in nearly 40 US towns have rejected data center projects, signaling a significant political roadblock for the artificial intelligence build-out.
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SpaceX aims to construct massive compute capacity in space, prompting intense scrutiny over costs, energy, and terrestrial resistance.
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US voters have rejected data center developments in recent midterm elections, signaling a potential conflict for the nation's AI expansion.
Qualcomm shares slide in afterhours trading as rising supply costs and smartphone market weakness cloud its growth outlook.
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Arm Holdings reports strong sales growth driven by AI and data center demand, yet shareholders respond with a stock selloff.
Financial markets face fresh pressures as CoreWeave bonds drop to new lows following recent electoral outcomes involving data centers.
Midterm election results indicate that Americans are increasingly rejecting the rapid expansion of data centers nationwide.
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US voters have overwhelmingly rejected AI data center ballot measures in the 2026 midterms, signaling a massive national backlash against Big Tech infrastructure.
US voters rejected data center developments in ballot measures, threatening the artificial intelligence expansion.
SpaceX plans to build orbital data centers that could surpass terrestrial infrastructure by 2029.
Texas governor-elect Gina Hinojosa wants an immediate moratorium on data centers over water, power and rural-community concerns, triggering a sell-off in AI and chip stocks.
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US stock futures decline as investors anticipate potential Democratic gains in midterms and a possible slowdown in data center expansion.
AMD shares surge as record data center growth puts the company on track to potentially outpace Intel in revenue for the first time.
Data centers increasingly rely on old, scavenged jet engines for power, sparking legal battles over pollution and permits.
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Financial signals suggest a looming capital supply crunch as the artificial intelligence boom faces new borrowing risks and funding constraints.
Google achieves a critical milestone in orbital computing by successfully running an AI model on a satellite chip.
AMD stock performance fluctuates amid strong Q3 earnings and competitor Intel disclosures.
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Researchers observe hidden magnetic information in altermagnets for the first time using electrical signals and physical compression.
Recent studies examine data center distributions in water-stressed regions alongside archaeological developments.
Federal financing decisions involving billions for nuclear infrastructure trigger widespread financial and industry coverage.
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Elon Musk's xAI is offering to buy up to 400 Mississippi homes on the condition that owners waive their right to sue over data center noise.
Billionaire developer Ross Perot Jr. warns that the United States faces a severe shortage of large warehouses to support artificial intelligence.
Broadcom stock has received a rating upgrade to Buy driven by the growth of the AI data-center business.