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TikTok plans to establish €1bn data centre in Finland
The move is part of TikTok's effort to ease concerns over potential Chinese government access to European user data.
Exclusive-TikTok plans to build 1 billion euro data centre in Finland, spokesman confirms
STOCKHOLM/HELSINKI (Reuters) -TikTok plans to invest 1 billion euros ($1.14 billion) to build its first data centre in Finland as it moves data storage for European users to the continent, a TikTok spokesman confirmed on Wednesday. Finland's Prime Minister's office did not immediately respond to a request for comment. TikTok, owned by China-headquartered Bytedance, has been trying to address concerns over whether the Chinese government could access the data of European citizens who use TikTok.
Toast, Clover fight for restaurant customers
The fledgling fintechs have gobbled up a significant share of the U.S. restaurant point-of-sale market, but they’ll increasingly be battling industry heavyweights.
Solidigm Unveils World’s First “122 TB” Data Center SSD, Targeting AI-Focused Workloads
Solidigm, a NAND flash memory manufacturer, has unveiled the world's first data center SSD to feature a capacity of 122 TB.
Micron Blazes Ahead With PCIe Gen6 SSDs, First Data Center Drives Achieve Up To 26 GB/s Speeds
Micron has just announced the development of the industry's first PCIe Gen6 SSDs which blaze up to 26 Gbps, almost double that of PCIe Gen4.
Netflix’s first data dump explains why it’s spending $17B next year
Subscribers watched Netflix for a whopping 93 billion hours from January to June.
Mentions: NFLX
These Big Cities Cut Back Cars. This Is What Happened Next
Traffic restrictions are controversial. Here is how they are playing out in three global cities.
AirTrunk seeks $2.2 billion loan to build Singapore data centres
AI advances are fuelling demand for data centre fund-raising in Asia.
3 Pipeline Stocks to Buy With $1,000 and Hold Forever
OpenAI’s First Stargate Site to Hold Up to 400,000 Nvidia Chips
(Bloomberg) -- The first data center complex for OpenAI’s $100 billion Stargate infrastructure venture will have space for as many as 400,000 of Nvidia Corp.’s powerful AI chips — an amount that, if filled, would make it one of the largest known clusters of artificial intelligence computing power.Most Read from BloombergHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Pro
Mentions: NVDA
OpenAI’s First Stargate Site to Hold Up to 400,000 Nvidia Chips
The first data center complex for OpenAI’s $100 billion Stargate infrastructure venture will have space for as many as 400,000 of Nvidia Corp.’s powerful AI chips — an amount that, if filled, would make it one of the largest known clusters of artificial intelligence computing power.
Mentions: NVDA
Retail sales rise less than expected in February
Monday's retail sales report comes as investors have been watching closely for any further signs of slowing economic growth.
Homebuilders Near S&P 500 Bottom on High Rates and Tariff Fears
Investors are ditching US homebuilder stocks at a record pace as elevated borrowing costs bruise the industry’s prospects and signal that the shares may have further to fall.
Mentions: TOL
CapitaLand Investment to invest $944 million to develop first data centre in Japan
It has added 23 data centres to its portfolio since 2021.
Italy sends first data watchdog request to DeepSeek: ‘The data of millions of Italians is at risk’
The jury is still out on whether the Chinese AI upstart DeepSeek is a game changer or possibly part of an elaborate plan by its hedge fund parent company
Stargate's first data center is underway in Texas. Public filings show how much it will cost to build.
Stargate's first data center campus in Texas, a joint venture by Oracle, OpenAI, and SoftBank, could cost an estimated $1.1 billion.
Mentions: ORCL
Stargate’s First Data Center Site is Size of Central Park, With At Least 57 Jobs
(Bloomberg) -- In a small Texas city nearly 200 miles west of Dallas, the first data center associated with the $100 billion Stargate venture from OpenAI, SoftBank Group Corp. and Oracle Corp. is taking shape.About 875 acres in Abilene, or roughly the size of New York’s Central Park, have been set aside to construct data centers, according to city documents seen by Bloomberg News. Oracle facilities that Chairman Larry Ellison has said are for Stargate are being developed on this land, according
Stargate’s First Data Center Site is Size of Central Park, With At Least 57 Jobs
The $100 billion venture from OpenAI, SoftBank and Oracle is starting with a small Texas city.
Behind $500 billion AI data center plan, US startups jockey with tech giants
SAN FRANCISCO (Reuters) - - This week's announcement by President Donald Trump of a massive private-sector investment to build more AI data centers casts a spotlight on a relatively small and nimble class of cloud computing firms positioned to play a bigger role in the tech sector. On Tuesday, Trump said that ChatGPT creator OpenAI, SoftBank, Oracle and others will pour up to $500 billion in private capital into a joint venture called Stargate, which he said will build data centers and create more than 100,000 jobs in the United States. One goal of the project, said Trump, is to keep the U.S. ahead of China in the global race for supremacy in artificial intelligence.
Mentions: ORCL
Amazon investing another $10 billion in Ohio-based data centers
Amazon Web Services will invest another $10 billion to bolster its data center infrastructure in Ohio. The company and Republican Gov. Mike DeWine announced the plan Monday. The new investment will boost the amount it has committed to spending in Ohio by the end of 2029 to more than $23 billion.
Mentions: AMZN
Why Is BioNTech Stock Trading Higher On Friday?
On Thursday, Duality Biologics revealed the first data from a global Phase 1/2a trial of BNT324/DB-1311, which it co-developed with BioNTech SE (NASDAQ:BNTX). The data were presented in an oral session at the 2024 European Society of Medical Oncology Asia Annual Meeting in Singapore and showed encouraging antitumor activity alongside a manageable safety profile in heavily pretreated patients with locally advanced or metastatic solid tumors. The ongoing Phase 1/2a trial analysis included 277 part
Mentions: BNTX
Keppel to buy AI-ready data centre project in Tokyo
Project marks Keppel’s first data centre development in Japan and its second data centre asset in the country.
Google to invest $1 billion in Thailand to build a data center and accelerate AI growth
Google is investing 36 billion Thai baht ($1 billion) into Thailand to build a new data center and expand its cloud infrastructure, the company said Monday.
Google plans $2B investment for datacenter and cloud buildout in Malaysia
The US tech giant will build its first data center in the Asian market, where it offers AI training at local schools.
Mentions: GOOG
Google to invest $2 billion in Malaysia and build data center to capture rising AI demand
The investment will be Google's largest one in the country so far in its 13 years of operation there.
Mentions: GOOG
Google Pledges $2 Billion Investment in Malaysia
(Bloomberg) -- Google committed to making $2 billion in investments in Malaysia, including its first data center and Google Cloud effort in the region.Most Read from BloombergWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarWarning Signals Are Flashing for Homeowners in Texas and Florida‘Not Gonna Be Pretty:’ Covid-Era Homebuyers Face Huge Rate JumpNew BYD Hybrid Can Drive Non-Stop for More Than 2,000 KilometersWall Street Returns to T+1 Stock Trading After a CenturyThe pledge mark
Mentions: GOOG
Google Pledges $2 Billion Investment in Malaysia
Google committed to making $2 billion in investments in Malaysia, including its first data center and Google Cloud effort in the region.
Mentions: GOOG
1 Undervalued Growth Stock Down 79%: But Don't Buy and Hold Until You Know These 3 Risks
It's always a good idea for investors to learn the bearish arguments for any business.
How Does The Stock Market Perform Ahead Of Tax Day? 'Rough' At First, Data Shows
There are tons of interesting tidbits about Tax Day. According to the Internal Revenue Service (IRS): Officers answered more than one million taxpayer phone calls this season. They processed over 100 million individual tax returns through April 6. Tens of millions more filings will be made on the April 15 deadline. About 19 million taxpayers will file extensions due Oct. 15. More than $200 billion in refunds were already delivered. The average refund was $3,011 — a 4.6% increase from last April'
How Does The Stock Market Perform Ahead Of Tax Day? 'Rough' At First, Data Shows
Tax Day usually coincides with a jittery stock market as the S&P 500 Index typically declines during the first half of April.
US FTC reaches first location data tracking settlement
Outlogic, a Virginia-based data broker, agreed to stop selling sensitive location data that helps track people's whereabouts, as part of the Federal Trade Commission's first data tracking settlement. Tuesday's accord resolves claims that Outlogic, formerly known as X-Mode Social, violated consumers' privacy for several years by selling their data to advertisers, researchers, retailers and government contractors without permission. According to the FTC, Outlogic had no policies until last May to remove doctor's offices, domestic abuse shelters, reproductive health clinics, places of worship and other sensitive locations from raw data it sold.