Oracle Corporation (NYSE:ORCL) has seen a significant market reaction following its bold shift towards artificial intelligence (AI), resulting in a 25% drop in shares over the past month. What Happened: Oracle’s ambitious entry into the AI sector, fueled by substantial borrowing, has caused unease on Wall Street. The tech behemoth has pledged to invest hundreds of…
“It’ll happen slowly, and then all at once.” That’s how Jim Morrow, founder and chief investment officer of Callodine Capital, describes the eventual – inevitable – unwinding of what he calls “the most crowded trade in history.” Of course, he isn’t just paraphrasing Ernest Hemingway—he’s talking about the AI race, and the trillion-dollar deals so…
Voter anger over the cost of living is hurtling forward into next year’s midterm elections, when pivotal contests will be decided by communities that are home to fast-rising electric bills or fights over who’s footing the bill to power Big Tech’s energy-hungry data centers. Electricity costs were a key issue in this week’s elections for governor in…
A vast data center in Plano, Texas, is a symbol of the enormous AI infrastructure boom that has boosted stock markets and driven U.S. economic growth over the past year. The data center occupies more than 450,000 square feet and cost $1.6 billion to construct and equip. It supplies 30 megawatts of computing power to…
The Texas shale boom is showing signs of cooling, but demand from the AI boom could help steady the state’s flagging energy industry. Production activity in America’s oil and gas sector, concentrated in Texas, fell in the third quarter, according to data released in September by the Federal Reserve Bank of Dallas. This marked the…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. As the artificial intelligence (AI) boom strains global power grids, tech giants are looking to the sea and stars for solutions. In a significant move, Samsung Electronics (OTC:SSNLF) and OpenAI are collaborating to develop floating data centers on…
Nantong, China – Power-hungry data centers run hot, so one Chinese company is planning to submerge a pod of servers in the sea off Shanghai with hopes of solving computing’s energy woes. On a wharf near the city, workers were finishing off the large yellow capsule — a foray into alternative tech infrastructure that faces…
TURIN – Amazon founder Jeff Bezos predicted on Friday gigawatt-scale data centers will be built in space within the next 10 to 20 years and that continuously available solar energy meant they would eventually outperform those based on Earth. Speaking at the Italian Tech Week in Turin, Bezos also compared the surge in artificial intelligence…
The Amazon founder predicts that the insatiable energy demands of artificial intelligence will drive the construction of gigawatt-scale computing facilities in space, powered by constant sunlight. Jeff Bezos, the founder of Amazon and the space exploration company Blue Origin, has predicted that the next frontier for the technology industry lies beyond Earth’s atmosphere. Speaking this…
Amazon founder Jeff Bezos predicts that gigawatt data centers will be built in space within 10 to 20 years. According to him, these would ultimately perform better than data centers on Earth thanks to 24/7 access to solar energy. The concept of space data centers is gaining traction among large tech companies, but significant obstacles…