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Australian cloud-computing company Firmus Grid, backed by Nvidia, withdrew plans for an initial public offering that had aimed for a $30 billion valuation. The company currently operates only two data centers.
IMF Managing Director Kristalina Georgieva called on governments worldwide to accelerate efforts to reduce debt, tackle inequality and regulate artificial intelligence, speaking ahead of next week's IMF-World Bank meetings in Bangkok. She said economies are under pressure from heavy borrowing, AI-driven investment surges, and disruptions from conflicts in Ukraine and the Middle East, warning that 'tough political choices' can no longer be postponed.
Public opposition to data center construction, initially concentrated in the US, is now affecting projects across Europe and parts of Asia. STL Partners research cited by CNBC estimates roughly $42 billion in European data center investment has already faced delays or cancellations, compared with about $77 billion in the US. The European Data Center Monitor counted more than 70 rejected or restricted projects between January and April 2025, exceeding all of 2024.
Film, television, publishing and other creative sectors are experiencing some of their steepest job declines in decades, according to reporting on the trend. The downturn coincides with the broader rollout of AI tools across media and entertainment companies.
A new analysis argues that artificial intelligence is altering the traditional calculus multinational companies use to decide where to establish operations. Instead of relying solely on long-standing factors like tax rates, skilled labor, and infrastructure, firms are increasingly weighing AI-specific capabilities when choosing locations for investment and talent.
At this year's New York Climate Week, much of the climate tech industry's attention centered on the AI data center boom, with founders and investors pivoting toward energy infrastructure to power AI. PitchBook data cited shows climate tech venture funding has risen for four straight quarters, topping $14 billion in Q1 2025, driven largely by grid infrastructure, built environment, and dispatchable energy deals tied to data center construction. Some founders at the event expressed concern that this focus is overshadowing other promising climate tech sectors.
A commentary argues that the rapid expansion of AI computing infrastructure—chips, data centers, cloud systems and new power sources—needs applications that convert that capacity into real economic and human value. It points to medicine, particularly drug development, as a leading candidate for where that value could materialize.
Crusoe has ended its agreement to buy 29 of Boom Supersonic's 42-megawatt Superpower gas turbines, a deal worth $1.25 billion with deliveries originally set to start in 2027. Boom CEO Blake Scholl confirmed the split on X, saying turbines are no longer part of Crusoe's near-term power plans for sites like its Abilene, Texas campus. Crusoe confirmed to TechCrunch it is no longer working with Boom.
A new report from the Center for an Urban Future finds that entry-level tech jobs in New York City have fallen roughly by half, even as the city's overall tech sector keeps expanding. The report notes major firms including OpenAI, Anthropic and Google have expanded their New York presence, with tech employment up 160% between 2008 and 2023, second only to San Francisco's growth.
Analysts at Morgan Stanley, JPMorgan, and TrendForce report that legacy memory types like NOR flash and SLC NAND are facing severe supply shortages as manufacturers redirect production capacity toward more profitable HBM and DRAM chips driven by AI demand. Contract prices for both chip types have already more than doubled in the first half of 2026, with SLC NAND expected to rise another 120-170% in the second half.
Capital Economics economist James Reilly analyzed eight market indicators — including surging equity and debt issuance and extreme concentration of market value in a handful of tech stocks — and found most near levels historically seen just before major market crashes. Reilly concluded the data resembles a 'late-stage bubble' comparable to the run-up before the dot-com crash. The warning comes as the Federal Reserve weighs whether to raise interest rates to cool the AI-driven market euphoria.
New data shows that more than 70% of recently added solar power capacity in the United States is being built in states that voted for Donald Trump. This trend continues despite Republican-backed policies at the federal level that could slow renewable energy expansion going forward.