#ai-data-centers

#ai-data-centers

NextEra Energy has agreed to acquire Dominion Energy for about $67bn in an all-stock deal, Bloomberg reported on Monday , in what would be the largest power-sector acquisition on record. NextEra shareholders will own 74.5% of the combined company, Dominion shareholders 25.5%, with each Dominion share exchanged for roughly eight-tenths of a NextEra share.

Higher oil prices fueled by the Iran war are the main driver behind inflation, with the Consumer Price Index rising 3.8% in April, new data out this week shows. Higher energy prices accounted for the bulk of the increase between March and April, Axios' Courtenay Brown reported. Compared with the same period a year ago, energy costs are up 18%.

xAI has added a further 19 natural gas turbines to its Southhaven, Mississippi-based AI data center site. This is despite an ongoing lawsuit alleging the company was already operating 27 unpermitted methane gas generators to power the nearby Colossus 2 campus in South Memphis, which it uses to train its Grok AI assistant.

Seven years is a strange unit of time. Long enough to finish a PhD, short enough to remember an event vividly, and apparently, exactly long enough for Sony to build, test, manufacture, and ship a new generation of PlayStation hardware. PS3 to PS4, PS4 to PS5: seven years, twice, with the precision of a Swiss movement. The console industry built its entire release calendar ecosystem around that cadence. Publishers scheduled their biggest titles around it. Retailers planned inventory cycles for it. Analysts forecast revenue curves based on it.

“When a group comes to me and says, 'Look, I have concerns about water, I have concerns about air, I have concerns about wildlife,' I totally get it,” O'Leary said. O'Leary said he graduated from the University of Waterloo with a degree in environmental studies. “It's understanding the concerns of people, but at the same time, think about the number of jobs,” O'Leary said in a post on X on Friday.

Canaccord asserted that Hut 8's strategic progress continues to accelerate. In just a couple of quarters, the company has signed two marquee AI co-location deals with "some of the best terms we have seen across the sector." That language matters because it signals Hut 8 is winning enterprise-grade AI tenants rather than speculative compute customers.

I believe 2026 may mark the beginning of a new phase: the large-scale development of off-grid data centers built closer to the point of energy generation, where, under certain conditions, it may be possible to generate and utilize power at costs approaching $0.02 per kWh.

"We were considering multiple forms of capital when we started. It just felt like the opportunity is so large that venture capital gives us the opportunity to take those risks upfront and have the possibility to generate an outsized return."

A severe shortage of NAND flash, driven by the enormous demand for it to expand AI data centers, makes procurement impossible. Sony is currently unable to fulfill orders for CFexpress Type A, CFexpress Type B, and SDXC/SDHC memory cards.

The U.S. Energy Information Administration projected in March 2026 that American power demand will climb to a new record in 2026 and keep rising through 2027, driven largely by AI data centers. Nuclear is one of the few energy sources positioned to absorb that load reliably, and its share of the generation mix is forecast to tick up.

Developers promise "community investments," downtown revitalization, and a new "AI Center." What they don't say is that this development comes tethered to a massive resource-intensive data center that will cost billions, create pollution, and concentrate profits for the corporations and CEOs at the top-not the surrounding communities. This is not innovation, it's exploitation.

Leaders from Google, Meta, Microsoft, Oracle, OpenAI, Amazon, and xAI met with President Donald Trump today to sign a "rate payer protection pledge." It's one way they're responding to growing bipartisan concerns about electricity rates rising as tech companies and the Trump administration rush to build out a new generation of AI data centers.