OpenAI CFO Sarah Friar told CNBC the company will continue investing heavily in data center construction to meet corporate customer demand, even after midterm elections where voters in 41 of 42 local ballot measures backed restrictions on AI data centers. Friar said OpenAI will keep building relationships with hyperscalers and raising capital, arguing that demand for AI remains strong regardless of political pushback.
futurism.com
· 2026-11-07
OpenAI CFO Sarah Friar told CNBC the company will continue investing in AI infrastructure and raising capital to meet customer demand, even after voters in Tuesday's midterms largely rejected or restricted local data center projects. She said OpenAI will keep working to build trust with communities and pointed to a policy blueprint the company released this week outlining commitments for its own data centers.
cnbc.com
· 2026-11-06
Santander told CNBC its AI initiatives produced €194 million ($216 million) in business value across the first nine months of 2026, with CFO José García Cantera saying the technology is now cutting costs and boosting revenue simultaneously. Novartis and Standard Chartered also cited AI contributions to third-quarter results, though Novartis did not break out a specific figure from its $6.04 billion core operating income.
cnbc.com
· 2026-11-01
In their latest quarterly reports, Meta, Amazon and Alphabet all disclosed negative free cash flow, with Amazon's outflow reaching $42.4 billion, Alphabet's $9.07 billion, and Meta's $2.12 billion. Microsoft remained cash-flow positive but saw generation fall 27% to $18.63 billion and said it will tap bond markets to fund further AI infrastructure spending.
cnbc.com
· 2026-10-30
Memory-chip suppliers that once gave Apple steep price discounts are now charging more as AI hyperscalers bid aggressively for flash storage and gobble up available supply. The shift reportedly weakens Apple's longstanding negotiating power over component pricing, built up over years of high-volume purchasing.
wsj.com
· 2026-10-29
President Trump posted on Truth Social that AI data center operators and hyperscalers will be required to generate their own electricity and share or sell surplus power back to local communities. He framed this as a way to offset rising electricity costs and other burdens these facilities impose on nearby residents.
tomshardware.com
· 2026-10-21
A new framework for enterprise AI spending proposes tracking 'effective cost per useful outcome' rather than raw compute costs. It outlines three approaches companies use to run AI workloads: building a bespoke in-house stack, using on-demand hyperscaler consumption, or deploying an integrated private AI platform with dedicated capacity.
technologyreview.com
· 2026-10-20
CNBC's Jim Cramer said investors should not chase Monday's tech rebound, which saw the Nasdaq Composite rise about 1.1% after last week's AI stock selloff pushed the index below its 50-day moving average. Cramer identified four conditions he wants met before turning bullish again on data center stocks: improved chart patterns, hyperscaler earnings reports, the election concluding, and Anthropic completing its IPO.
cnbc.com
· 2026-10-19
A study emphasizes that software and algorithm improvements could significantly cut energy consumption in data centers, which are facing rising electricity demands for AI workloads. Experts suggest that optimizing software layers may offer more immediate and cost-effective efficiency gains than hardware upgrades. The focus on software could help address the inescapable energy crunch predicted for 2030, as hardware replacements are slower and more expensive to implement.
tomshardware.com
· 2026-10-08
Nvidia approved a new $150 billion share repurchase program on Monday, raising its total buyback authorization to $235 billion through fiscal 2028. The company posted $96.2 billion in quarterly revenue, up 106% year-over-year, and returned about $26 billion to shareholders in the second quarter of fiscal 2027 through buybacks and dividends.
cnet.com
· 2026-09-29
MIT Technology Review reports that smart glasses are enabling covert recording, non-consensual image sharing and police surveillance in India, with experts warning such incidents will grow as the devices go mainstream. Separately, the outlet cites University of Pennsylvania finance professor Jessica Wachter's analysis showing hyperscalers are on track to spend nearly $1.1 trillion on AI data centers through 2027, requiring extraordinary earnings growth to break even by 2030.
technologyreview.com
· 2026-09-23
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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