GoKawiil
Tech News
Arm Holdings CEO Rene Haas told CNBC's Jim Cramer that his confidence in reaching $2 billion in revenue for the company's new AGI CPU has increased since the July earnings call. Arm first flagged $2 billion in demand visibility in May, double its earlier $1 billion estimate, but had held off raising guidance while working to secure sufficient manufacturing capacity.
Amazon Web Services has confirmed that customer data hosted in its Bahrain and United Arab Emirates regions was permanently lost following Iranian drone strikes on its data centers months earlier. An AWS status update posted September 15 said the company could not restore data in one UAE availability zone and across all three availability zones in Bahrain, though recovery work continues elsewhere.
A New York Times/Siena University poll of 1,503 likely voters conducted in early September found 61 percent opposed building data centers for AI, with only 14 percent strongly supportive. Opposition skewed heavily among Harris voters and non-voters, while 2024 Trump voters were nearly evenly split between support and opposition. Environmental and water-use concerns topped the list of reasons for opposition, followed by community impact and general distrust of AI.
Digital Realty CEO Andrew Power said warnings of a potential AI development slowdown from firms like Anthropic, OpenAI and xAI would not mean a halt to data center real estate demand. He argued that non-AI digital transformation and cloud computing growth remain strong drivers for his business, even as Digital Realty and Equinix shares fell on Monday amid AI slowdown fears.
Insurers and reinsurers are exploring catastrophe bonds to help cover the massive, geographically concentrated value of hyperscale data centers, many of which sit in hurricane- and flood-prone regions. Industry experts told CNBC that while no dedicated data center cat bond has yet been issued, activity is building one step upstream through reinsurance vehicles like quota shares and sidecars as firms work out pricing and capacity.
Oracle reported fiscal first-quarter revenue of $19.35 billion, topping analyst expectations, with net income climbing 60% to $4.7 billion. The gains were driven by a 62% jump in cloud revenue, including a 121% surge in cloud infrastructure sales, prompting shares to rise more than 6% in premarket trading.
Commentators aligned with Steve Bannon's political circle, including Joe Allen, have started describing artificial intelligence systems built in data centers as 'algorithmic immigrants,' framing AI development as akin to immigration that threatens American workers and culture. The phrase is being used to fold anti-AI sentiment into existing far-right anti-immigration narratives.
Following an August incident where a burst water line at an Athlon BT-operated Bitcoin-mining facility in El Reno, Oklahoma spilled nearly four million gallons of water, a subsequent fire marshal inspection uncovered a string of serious safety violations. Investigators found flammable liquids stored near combustible materials, poorly maintained fire extinguishers, damaged electrical wiring, an empty emergency lockbox, and code-violating vegetation, prompting the city to issue the facility a failing safety grade.
Analog Devices has agreed to acquire Alif Semiconductor in an all-cash deal valued at $1.35 billion. The acquisition is aimed at broadening ADI's reach into fast-growing markets, including data-center infrastructure and defense applications.
Verdant, an economic think tank pushing for stricter data center regulation, says techUK's widely cited job creation figures are inflated. It estimates existing UK data centers support about 4,400 direct jobs versus techUK's 24,300, and projects only 10,400 permanent jobs by 2035 for planned sites versus techUK's forecast of 40,200.
Storage prices are climbing fast as AI data centers consume the supply of NAND flash and hard drive components once reserved for consumer products. A 2TB SSD that cost $120-$200 last year can now run close to $400, while even small 256GB drives have jumped several times over their previous $25 price point. Portable drives used for everyday backups have also nearly doubled in cost within months.
Thailand's government has asked operators of 49 data centers under construction to voluntarily halt work while officials draft comprehensive legislation covering the industry, according to NESDC secretary-general Danucha Pichayanan. The country currently lacks specific laws for data centers, resulting in loopholes such as facilities being zoned as warehouses next to hospitals, and officials plan to spend about a month drafting rules after gathering data from agencies through September 11.