Topic
data-centres
Technology Nvidia sales soar above $96bn as AI data centre buildout accelerates
Nvidia reported Q2 revenue of $96bn, more than double year-on-year, with data centre revenue up 117% to $89bn. CEO Jensen Huang said AI has reached its inflection point, while the company guided to $108bn in next-quarter revenue.
Finance Nvidia secures $500bn from top banks to build AI data centres and factories
Nvidia has partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to raise $500bn (£370bn) for AI infrastructure, marking the first time compute is treated as a separate asset class. The financing will fund data centres and chip factories for Nvidia and its partners. The move comes as major tech companies have collectively spent over $1tn on AI projects in three years.
Data centres could pay hundreds of millions in deposits for power demands under Ofgem proposals
Ofgem has proposed that data centre developers pay a refundable deposit of up to £712,500 per megawatt to connect to the electricity grid, potentially costing hundreds of millions for large projects. The measure aims to tackle speculative projects clogging the grid connection queue, which has more than tripled in a year to 125 GW. A consultation runs until 16 September.