GoKawiil
Tech News
An opinion piece suggests communities resisting new data center construction could be won over by receiving actual financial stakes in the projects, modeled after the Consumer Stock Ownership Plan structure. Instead of only offering tax breaks or jobs, developers would share ownership benefits directly with residents near the facilities.
Nvidia reported record quarterly revenue of $96.2 billion, up more than $10 billion from the prior quarter, driven by data center revenue that more than doubled year-over-year to $89 billion. Profits also more than doubled to $59.7 billion, and the company projects revenue will climb to $108 billion in the coming quarter.
An industry commentary argues that data center providers can no longer treat energy access as a late-stage formality. With surplus grid capacity disappearing, the piece calls for providers to engage utilities earlier and plan for long-term power partnerships rather than opportunistic siting.
The EPA has proposed amending the 1970 Clean Air Act to remove the 30-day public comment window required before construction begins on facilities classified as 'minor sources' of industrial pollution. The change would allow projects, including many AI data centers, to move forward with less advance public scrutiny.
Jim Cramer said on 'Mad Money' that rising political and community pushback over electricity and water use is slowing the unrestrained buildout of data centers, citing tighter demands from officials in Pennsylvania and Texas. He argued this won't kill the data center trade but will make smaller speculative developers and suppliers like GE Vernova, Micron, Sandisk, Western Digital and Seagate less attractive to investors at premium valuations.
Reports highlight mounting concern among investors about the sustainability of massive AI data-center buildouts, alongside scrutiny of OpenAI's financial position. Analysts point to roughly $3 trillion in AI-related debt that sits off company balance sheets, raising questions about how these commitments are being tracked and financed.