#data-centers

#data-centers

My concern is that not all of the energy that they're using for data centers is renewable, which will undercut the city's own climate commitments,

The tech behemoth was planning to rezone the acreage for the data center, but then withdrew the plans at a raucous Monday meeting where the Indianapolis City Council was expected to vote on whether to approve the rezoning, according to NPR affiliate WFYI. Cheers reportedly broke out among the overflowing crowd when attorneys from Google said they were pulling out.

Companies that run data centers are facing increasing scrutiny for guzzling water in the dry western U.S. as artificial intelligence fuels a boom in the industry. California legislators passed a bill this month that would require the facilities to report their projected water use before they begin operating and thereafter certify how much they use annually. The bill is now awaiting Gov. Gavin Newsom's signature.

At a recent televised dinner at the White House, Big Tech executives profusely thanked Donald Trump for unleashing "American innovation," while the president, in turn, praised Big Tech for "investing billions in the country." This orchestration of Big Tech executives kissing the ring was more than a display of how tech oligarchy has become the new normal. It was a dramatized, Gilded Age-type demonstration of Trump's AI Action Plan, which grants Big Tech the unfettered ability to expand AI infrastructure.

Data center construction spend in the US hit a record high of $40 billion a year in June, Bank of America Global Research said in a new report issued this month. The report cited data from the US Census Bureau and noted that the new spending level is a 28% increase from the previous year. Amazon, Microsoft, Google, and Meta are leading the charge with sweeping expansion plans that could total more than $1 trillion in capital expenditures over the next few years.

The AI news cycle of the summer captured themes including the challenge of starting a career, the importance of technology in the China/U.S. trade war, and mounting anxiety about the impact of the technology. But in terms of finance and investing, Deutsche Bank sees markets "on edge" and hoping for a soft landing amid bubble fears. In part, it blames tech CEOs for egging on the market with overpromises, leading to inflated hopes and dreams, many spurred on by tech leaders' overpromises.

Pennsylvania is positioning itself as a hub for data centers, attracting billions in investments and creating job opportunities in AI and advanced manufacturing sectors. The state's favorable conditions for data centers, such as cheap energy and a skilled workforce, are drawing tech projects like Project Gravity to the area. Pennsylvania's zoning laws have hindered the development of data centers and residential housing, contributing to rising home prices and rents.