
AI Startup Nscale Secures $2 Billion at $14.6B Valuation
UK-based AI data center startup Nscale has raised $2 billion in a new funding round, pushing its valuation to $14.6 billion amid a global AI infrastructure boom.
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UK-based AI data center startup Nscale has raised $2 billion in a new funding round, pushing its valuation to $14.6 billion amid a global AI infrastructure boom.

Ohio has approved a $4.5 million tax break for an Ark Data Centers project that will create only 10 jobs, raising questions about the economic value of such incentives.

Oracle and OpenAI have canceled plans for a major AI data center expansion in Texas, opening the door for Meta and Nvidia to enter into new negotiations.

AI companies and data centers are investing in the American heartland, aiming to revitalize economies but also raising concerns about job creation and resource impact.

Political and economic pressure is mounting on Big Tech to cover the immense energy and water costs of AI data centers, a shift that could reshape the industry.

Meta Platforms is investing $65 million to influence state-level AI policy, its largest election spending ever, starting in Texas and Illinois to prevent inhibitory legislation.

Industries from EV battery manufacturing to crypto mining are pivoting to support the massive infrastructure needs of AI, signaling a major economic shift.

Elon Musk predicts artificial intelligence infrastructure will be forced to move to space within 30 to 36 months due to unsustainable energy demands on Earth.

SpaceX has filed an application with the FCC to launch up to one million satellites, creating a network of "orbital data centers" to power artificial intelligence.

Internal Microsoft forecasts reveal its data center water usage is projected to more than double by 2030, driven by the AI boom and challenging its own environmental pledges.

Nvidia announced its next-generation AI platform, Vera Rubin, at CES 2026, with shipments scheduled for the second half of the year to power complex AI.

Citing concerns over Earth's limited land and energy, tech giants like Google and leaders including Elon Musk are planning to build AI data centers in space.