Demand for new AI data centers is surging, but they can’t build themselves. Big Tech is funneling billions into building out these specialized facilities, with the four hyperscalers, Alphabet, Microsoft, Meta, and Amazon, committing nearly $700 billion in combined capex spending this year to fund these developments. Amazon said last month that it’s committing $12…
Cuba’s President Miguel Diaz-Canel gestures during the BRICS summit second plenary session in Rio de Janeiro, Brazil, on July 6, 2025. Pablo Porciuncula | Afp | Getty Images Cuba’s President Miguel Díaz-Canel on Wednesday lashed out at the “almost daily” threats from the U.S. and pledged to meet the Trump administration’s move to choke off the…
A Tesla Megapack battery at the Harmony Energy Ltd. and Fotowatio Renewable Ventures BV battery energy storage project near Burgess Hill, England, May 11, 2021. Chris Ratcliffe | Bloomberg | Getty Images Tesla is expanding ties with South Korea’s LG Energy Solution, striking a deal to buy $4.3 billion worth of battery cells for energy…
The AI boom may be having a side effect: a surge in Big Tech buying carbon credits to offset emissions generated by its energy-hungry buildout. Amazon, Google, Meta, and Microsoft have ramped up purchases of permanent carbon credits since the launch of ChatGPT sparked the AI race in 2022, according to data compiled for CNBC…
Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Bloomberg | Bloomberg | Getty Images Less than six weeks after Elon Musk merged SpaceX and xAI in a deal he valued at $1.25 trillion, the world’s richest person…
Just outside Ireland’s capital, Dublin, a data center has become the first in Europe to turn to an independent, so-called “islanded,” microgrid to keep its servers running. Europe is looking to cash in on the AI boom while tackling power connection delays that have persisted for decades. The European Commission estimates the bloc needs at…
Elon musk and the xAI logo. Vincent Feuray | Afp | Getty Images Elon Musk’s xAI scored a victory in Mississippi, where regulators on Tuesday authorized the artificial intelligence company to build a power plant with 41 natural gas-burning turbines in the town of Southaven to power its nearby data centers. The Mississippi Department of…
Elon Musk waves to the crowd during the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 22, 2026. Denis Balibouse | Reuters With Elon Musk’s xAI planning to build a massive, natural-gas burning power plant in Southaven, Mississippi, the state’s environmental authority has scheduled a board meeting for Tuesday — Election Day…
President Donald Trump will haul big technology companies into the White House on Wednesday to sign a pledge that they will supply their own power for artificial intelligence data centers, as anger grows across the U.S. over rising electricity prices ahead of the midterm elections. Trump has embraced the artificial intelligence industry as an engine…
A prolonged surge in natural gas prices triggered by the ongoing war in the Middle East risks denting European growth and hitting some Asian economies hard, analysts have warned. Global gas prices have soared this week amid fears of a lengthy disruption to energy flows through the Strait of Hormuz — a key shipping route…
