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Argentina is courting AI data centers and big mines, but its grid has limited room to spare. A rule published on 25 September makes any project adding about 80 megawatts bring new power plants with it. The post Argentina Makes Data Centers and Mines Bring Their Own Power Supply appeared first on The Rio Times.
Winnie Cisar, global head of strategy at CreditSights, says a surge in AI infrastructure financing is making high-yield investors more selective as billions of dollars of data center debt come to market. “People start to get a little bit choosier in terms of how are we going to allocate our capital,” Cisar says on “Bloomberg Surveillance.” (Source: Bloomberg)
Bloomberg's Shruti Singh joins Scarlet Fu on "Bloomberg Real Yield." Blackstone-owned QTS proposed a massive data center in Clinton, Iowa, that would bring thousands of construction jobs and provide nearly $200 million in property taxes in its first 10 years. Many residents though want nothing to do with the data center and view it as a potential source of noise pollution, environmental degradation and rising utility costs - rejecting what some fear will do more harm than good, even if that means sacrificing economic growth. (Source: Bloomberg)
Lenders’ approach to data centers has a troubling similarity to the model applied to mortgages before the financial crisis, said Jason Thomas, head of global research and investment strategy for Carlyle Group Inc.
South Korea plans to cut new transmission towers by as much as 40% and put more power lines underground, as it seeks to boost grid expansion to meet rising demand from data centers and semiconductor plants.
Canada plans to show some of the world’s biggest investors a pitchbook laying out tens of billions of dollars worth of projects spanning data centers, advanced manufacturing, liquefied natural gas, ports and dozens of mines.
Alphabet Inc. and Blackstone Inc.’s new cloud venture has hit delays for major data-center locations that were supposed to run Google’s chips, underscoring the obstacles standing in the way of Big Tech’s AI ambitions.
Massachusetts Governor Maura Healey announced major restrictions on data center development, including a requirement that companies procure their own renewable energy supply.
South African civil society groups are calling for a halt to the construction of additional data centers in the country until the use of scarce water, land and electricity resources has been investigated.
Artificial intelligence firm Humain is planning to raise an initial $2.5 billion from global and domestic investors for a fund to invest in data centers in Saudi Arabia, according to people familiar with the matter.