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Data center provider fakes Tier 4 data center certificate to bag $11M SEC deal

CIO

Deepak Jain, CEO of a Maryland-based IT services firm, has been indicted for fraud and making false statements after allegedly falsifying a Tier 4 data center certification to secure a $10.7 The Tier 4 data center certificates are awarded by Uptime Institute and not “Uptime Council.”

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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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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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Hungry for resources, AI redefines the data center calculus

CIO

The AI revolution is driving demand for massive computing power and creating a data center shortage, with data center operators planning to build more facilities. But it’s time for data centers and other organizations with large compute needs to consider hardware replacement as another option, some experts say.

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Qarnot creates green data centers by putting servers in central heating boilers

TechCrunch

Running a data center means that you have to find innovative ways to manage heat from the servers. This is an innovative way of building decentralized data centers. The idea is that we should be able to deploy data centers in locations where people consume heat. It has raised a €12.5 Image Credits: Qarnot.