Oracle Corp Japan reported record fiscal first-quarter results, with net sales up 13% to 74.86 billion yen and net profit up 23.2% to 18.25 billion yen for the June-August period. Cloud revenue rose 31.7%, now accounting for 33.6% of total sales, and the company kept its full-year sales growth outlook at 6-10%. The stock jump came even as Oracle's U.S.-listed shares fell more than 3% after the company issued a force majeure notice related to its New Mexico data center project.
cnbc.com
· 2026-09-25
California recently certified a ballot measure for November that would impose a one-time 5% levy on billionaires' wealth, paid over five years, aiming to raise about $20 billion annually for health care, food aid and schools. The Center for Land Economics released a report estimating California's total land value at roughly $8.14 trillion, verified through three separate methods, and argues this dwarfs the state's billionaire wealth base by about eightfold. The report notes six named billionaires already hold substantial wealth outside the state's reach, illustrating the mobility of that wealth compared to land.
blog.landeconomics.org
· 2026-09-24
Oracle sent a force majeure notice to the developer of Project Jupiter, a Stargate data center campus in New Mexico, according to Bloomberg. The notice would let Oracle delay payments if the facility fails to meet its 2028 launch target, though the company says it isn't trying to exit as the site's main tenant. Both Oracle and Blue Owl Capital, whose unit received the notice, say the project's financial commitments remain unchanged and construction is on schedule.
techcrunch.com
· 2026-09-24
Bloomberg reported that Oracle sent a 'force majeure' notice tied to its Project Jupiter data center campus in New Mexico, citing people familiar with the matter. The notice reportedly aims to let Oracle delay payments if the facility, being developed with Blue Owl Capital, isn't operational by 2028 as planned. Oracle shares dropped about 4% following the report.
cnbc.com
· 2026-09-24
UK neocloud firm Nscale disclosed in documents tied to its US IPO that a ByteDance subsidiary called Spring accounted for $24 million of its $33 million 2025 revenue, giving Spring access to 2,304 Nvidia B200 chips at Nscale's Glomfjord, Norway facility. The ByteDance link surfaced not in Nscale's S-1 but in a supporting $105 million loan document with Macquarie, and the Financial Times reports the arrangement was legal under current US export rules.
tomshardware.com
· 2026-09-23
Digital Realty's chief technology officer Chris Sharp says the data centre industry is moving away from copper for internal networking, though not electrical power or cooling systems. A typical 100MW facility uses around 400 tonnes of copper overall, with up to 20 tonnes used specifically in the wiring that connects servers together. Sharp argues this copper wiring between GPUs and CPUs is now a bottleneck limiting performance.
bbc.co.uk
· 2026-09-22
Apple has reopened a section of its Apple Park Visitor Center after a summer renovation, revealing that the augmented reality exhibit—which let visitors use custom iPads to explore a 3D model of the campus—has been removed. That area has been converted into an extension of the adjoining Apple Store, with new display tables and wall displays for accessories. The cafe and the rest of the Visitor Center remain unchanged.
9to5mac.com
· 2026-09-22
A Data & Society report, based on 18 months of ethnographic interviews with 44 Pennsylvanians, examines why communities are resisting new data center construction despite state officials touting billions in AI infrastructure investment. The researchers found residents grappling with contradictions between promises of economic growth and concerns over energy, land use, and broader AI risks, rather than being swayed by disinformation campaigns.
techcrunch.com
· 2026-09-22
Data Center Watch, a research initiative from 10a Labs, reports that 45 large-scale data center projects worth $68 billion were blocked or delayed in the second quarter due to community pushback. The group tracked 843 opposition groups across 49 states, with only Hawaii lacking any organized resistance, and noted 30 state legislatures have introduced or passed measures on data center siting, power and water use.
techspot.com
· 2026-09-22
Alibaba shares rose about 3% in Hong Kong after the company revealed its next-generation Zhenwu V900 AI chip, claiming triple the performance of its predecessor released in May. At its Apsara Conference in Hangzhou, Alibaba also outlined plans to grow its cloud unit's global data center capacity beyond 20 gigawatts by 2032 and confirmed its Qwen 4 model is currently in training.
cnbc.com
· 2026-09-22
Texas Gov. Greg Abbott directed the Texas Commission on Environmental Quality to stop issuing data center-related permits until ERCOT finishes auditing the state's grid connection waitlist. This broadens an August moratorium that had already paused new grid approvals for data centers, extending the freeze into environmental sign-offs needed for construction.
cnbc.com
· 2026-09-21
Data Center Watch reports that local resistance blocked or delayed $68 billion worth of data center construction between April and June 2026, driven by concerns over water use, electricity demand, land, and noise. Despite this pushback, hyperscalers have poured over $1 trillion into data infrastructure since 2023, with $745 billion more expected this year alone, and total data center investment is still projected to reach $32 trillion by 2050.
tomshardware.com
· 2026-09-21
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