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How the world can tackle the power demands of artificial intelligence

CIO

The world must reshape its technology infrastructure to ensure artificial intelligence makes good on its potential as a transformative moment in digital innovation. New technologies, such as generative AI, need huge amounts of processing power that will put electricity grids under tremendous stress and raise sustainability questions.

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Microsoft will invest $80B in AI data centers in fiscal 2025

CIO

Microsoft is on track to invest around $80 billion this fiscal year to build out AI-enabled data centers, company president Brad Smith said Friday.

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Eye On AI: As Big Money Rolls Into Data Centers, Startup Investment Gains

Crunchbase News

It’s been hard to browse tech headlines this week and not read something about billions of dollars being poured into data centers. billion to develop data centers in Spain. Energy and data center company Crusoe Energy Systems announced it raised $3.4 So far this year, $1.3 So far this year, $1.3

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AI, Data Center And Energy Startups Get Large Capital Infusion In October

Crunchbase News

The surge was driven by large funds leading supergiant rounds in capital-intensive businesses in areas such as artificial intelligence, data centers and energy. Global venture capital funding in October reached $32 billion, marking the highest month for startup investment so far in 2024.

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Gartner projects major IT spending increases for 2025

CIO

growth this year, with data center spending increasing by nearly 35% in 2024 in anticipation of generative AI infrastructure needs. Data center spending will increase again by 15.5% in 2025, but software spending — four times larger than the data center segment — will grow by 14% next year, to $1.24

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Anthropic Snags Another $1B From Amazon; OpenAI Joins Data Center Push

Crunchbase News

Billions of dollars have been earmarked to build out new data centers for AI initiatives. Last year Amazon said it plans to invest $100 billion in AI data centers in the next decade, while OpenAI and Microsoft entered into a joint data center project that is expected to cost $100 billion.

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Microsoft expects to spend $80 billion on AI-enabled data centers in fiscal 2025

Ooda Loop

Microsoft plans to spend $80 billion in fiscal 2025 on the construction of data centers that can handle artificial intelligence workloads, the company said in a Friday blog post. Over half of the expected AI infrastructure spending will take place in the U.S., Microsoft Vice Chair and President Brad Smith wrote.