#data-centers

#data-centers

Pennsylvania is a state of many firsts: It was the nation's first capital, the " birthplace of oil production," home to " America's first superhighway," and the state that monopolized the production of steel in the 20th century. More recently, it has been positioned as one of the leading states in "AI readiness," a term that loosely refers to how equipped companies and governments are to adopt and integrate AI into their systems and daily operations.

Good morning. During earnings calls this week, the CFOs of big tech companies, Meta and Microsoft, delivered a similar message: the AI race requires unprecedented capital spending, but that spending is disciplined, demand-driven, and ultimately margin-accretive rather than reckless. The companies urged investors to look past headline numbers and focus instead on utilization, long-term economics, and visible revenue traction.

The Wall Street investment giant reported that QTS, the data center developer and operator it took private in 2021, was the single largest driver of gains in the company's $1.3 trillion portfolio in 2025. The results were a clear sign that Blackstone's bets on digital infrastructure amid the artificial intelligence boom have reaped returns as other segments of its business, including real estate and private credit, have run into headwinds.

Data centers have caused the demand for gas-fired power in the US to explode over the past two years, according to new research released Wednesday. More than a third of this new demand, the research found, is explicitly linked to gas projects that will power data centers -the equivalent of energy that would power tens of millions of US homes.

In 2024, OpenAI's CEO, Sam Altman, called ads a "last resort" for businesses. Well, the parent company of ChatGPT appears to have hit this point in less than two years. OpenAI made big news recently when it announced plans to start testing ads on U.S. users of its free and low-cost subscription accounts. The ads will be clearly labeled, and OpenAI also said it does not plan to sell user conversations to companies or let advertisements drive conversations.

But the massive initiative, called Stargate, may be exhausting the supply of available capital. JPMorgan Chase, the bank that recently led a pack of lenders to extend roughly $38 billion of debt for the construction of two planned Stargate data center campuses in Texas and Wisconsin, has encountered diminished interest as it has sold off pieces of the loan to other financial players, a person familiar with the situation said.

At the CES 2026 show recently, management reiterated that demand for its Blackwell platform remains robust, even as its next-generation Vera Rubin systems are expected to roll out in the second half of 2026. Management said last quarter that Blackwell and Rubin are together supporting revenue visibility of roughly $500 billion through 2026. Of this, $150 billion in orders had already been shipped through the third quarter of fiscal 2026 (ending Oct. 26, 2025).

With AI predicted to balloon to a $4.8 trillion market by 2033, Farley warned the U.S. has overlooked the labor needed to build and sustain data centers and manufacturing facilities. While President Donald Trump imposed sweeping tariffs to revive factory jobs, there continues to be recruitment and retention problems in U.S. manufacturing.

For decades, he's lived in Homer City, a southwestern Pennsylvania town that was once home to the largest coal-fired power plant in the state. The plant, which shares its name with the town, closed nearly three years ago after years of financial distress. Dudash, 89, has lived in the shadow of its smokestacks-said to be the tallest in the country before they were demolished-for much of his life.

Anthropic appears to be preparing for one of the largest financing rounds ever in the AI sector. The developer of the Claude chatbot is in talks with investors about a capital injection of approximately $10 billion, which would value the company at around $350 billion. This would mean another sharp rise in valuation in a short period of time. According to reports in The Wall Street Journal, investor Coatue Management and Singapore's sovereign wealth fund GIC are leading this round.

Virtus Data Centres has announced the appointment of industry veteran Adam Eaton as its new chief executive officer, effective immediately. The move paves the way for the pure play data center owner-operator - part of ST Telemedia Global Data Centres (STT GDC) - to continue expanding its portfolio of data centers across the UK and Europe. A seasoned industry leader, Eaton brings a combination of commercial and operational expertise

The new European Energy Efficiency Directive (EED) requires large companies to report their energy and water consumption annually from 2024 onwards. Data centers with at least 500 kW of installed IT capacity must report to national authorities such as the RVO by May 15 at the latest. However, compliance appears to be problematic: of the 160 Dutch data centers, 104 submitted something, but 27 left crucial fields blank. All but three of these were American-owned.

While investors chased artificial intelligence stocks and cryptocurrency throughout 2025, a commodity fund quietly delivered returns that rivaled the market's biggest winners. The United States Commodity Index Funds Trust ( NYSE:CPER) surged 39% last year, matching NVDA's performance and more than doubling the S&P 500's 16% gain. CPER tracks copper futures contracts, providing exposure to the industrial metal without mining company operational risks.

They are creating their own financial ecosystem, and there is enough actual momentum in current AI efforts that I don't see the hyperscalers pulling back in 2026, Tom Chi, founding partner at At One Ventures, told TechCrunch.

The 'build it and they will come' strategy is a trap. If you are a hyperscaler, you will own your own data centers. We foresee a significant financing crisis in 2027-2028 for speculative landlords.

SoftBank said it will acquire digital infrastructure investor DigitalBridge for about $4 billion. The Japanese conglomerate said it is doubling down on building the data centers, connectivity, and power needed to support AI at a global scale. "As AI transforms industries worldwide, we need more compute, connectivity, power, and scalable infrastructure," said Masayoshi Son, chairman and CEO of SoftBank Group. The deal underscores SoftBank's push to control more of the physical infrastructure behind AI as competition for computing resources intensifies.