The AI Data Center Boom Is Warping the US Economy
The amount of capital pouring into AI data center projects is staggering. Last week, Microsoft, Alphabet, Meta, and Amazon reported their 2025 capital expenditures would total roughly $370…
Tag
Data
China bans foreign AI chips from state-funded data centres: sources
The Chinese government has issued guidance requiring new data centre projects that have received any state funds to only use domestically-made artificial intelligence chips, two sources…
Gold edges up on bargain-hunting as market awaits US jobs data
Bullion hit a record high of US$4,381.21 on Oct 20, but has fallen close to 10% since then. Gold prices edged higher on Wednesday (Nov 5) as bargain hunters stepped in after bullion…
Tesla’s UK car sales halve in October, New Automotive data shows
TESLA’S UK car sales halved year-over-year in October, data from research group New AutoMotive showed on Wednesday, echoing the steep falls the US electric vehicle maker saw in other…
Paul Allen’s AI nonprofit unveils satellite data platform
A new open AI platform from the nonprofit created by the late Microsoft cofounder Paul Allen aims to make satellite imagery and other data about the earth more available and useful. The…
Dollar has second best month of 2025 on data void, hawkish Fed
The dollar wrapped up its second best month of the year as lack of official data muddies the outlook for the US economy and the Federal Reserve’s interest rate path. The Bloomberg Dollar…
European shares end week lower after corporate results, inflation data
European equities edged lower on Friday (Oct 31) as investors absorbed mixed quarterly results and a benign euro zone inflation report that reinforced the European Central Bank’s view that…
Data storage firms Western Digital, Seagate soar on AI-driven demand spike
Shares of data storage companies such as Seagate and Western Digital (WDC) have sharply outperformed the broader market this year, powered by the staggering demand for hard drives in the…
Transcript: Trump Ballroom Fiasco Worsens as Economic Data Gets Brutal
Sargent: Yeah. You brought up these numbers—Gallup numbers—showing that Democrats kind of have this advantage on the economy in a sense, over Republicans, in a way that we’ve never seen…
Trump Ballroom Fiasco Takes Worse Turn as Economic Data Gets Brutal
The economic news is getting worse. Major companies are announcing mass layoffs, and it’s dominating the headlines, including in the Rust Belt. Food stamps are about to expire for…
Increasingly challenging to find suitable land for data centres: Keppel CEO
Loh Chin Hua says the company has been exploring power banking to boost efficiency Finding land with the right connectivity and access to water to build data centres is becoming…
Amazon to invest another US$5 billion in South Korea data centres
The spending comes on top of more than US$4 billion of envisioned investment with partner SK Group announced in June Amazon.com is setting aside another US$5 billion for investment in…
Singapore future-proofing its grid to meet higher energy demand from EVs, data centres
The intermittency of solar and wind power introduces new operational challenges for the grid Keeping Singapore’s lights on is set to get more complex – with the Republic’s plans to import…
Marina Bay Sands fined S$315,000 for 2023 data breach
IMDA notes the failure to take reasonable security measures during a software migration exercise, among other faults The Personal Data Protection Commission (PDPC) has fined Marina Bay…
Eurozone to get hard data on tariff damage as ECB sets rates
Analysts expect the bloc to maintain the minimal 0.1% expansion it managed in the three months to June Europe will get a rigorous economic health-check this week, helping gauge the impact…
Singapore to build 700MW data centre park on Jurong Island, pilot biomethane imports: Tan See Leng
Singapore will build a low-carbon data centre park on Jurong Island with up to 700 megawatts (MW) of capacity – its largest such facility – and set up a regulatory sandbox to explore…
Europe: Shares close at record high on US data, trade hopes
European shares closed at a record high on Friday (Oct 24), boosted by cooler than expected US inflation data and hopes of an easing in US-Chinese trade tensions, as investors assessed a…
US: Stocks end at record highs after inflation data; Dow up 1%
Wall Street stocks surged to fresh records on Friday (Oct 24) after benign US inflation data set the stage for another US Federal Reserve interest rate cut. All three major US indices…
US: Wall Street opens higher as cool inflation data fuels Fed rate cut bets
WALL Street opened on solid ground on Friday (Oct 24), as investors welcomed a cooler-than-expected inflation reading, while Intel’s upbeat results offered a boost. At 9.30 am EDT, the Dow…
How Data Centers Actually Work
Lauren Goode: Well, they're all interested in growing more. Who among us, Mike? But the hyperscalers refers to this class of major tech companies or cloud service providers. So Meta,…
Gold firms ahead of US inflation data, but heads for weekly fall
Investors have nearly fully priced in a 25-basis-point rate cut at the US Federal Reserve’s meeting next week. Gold prices rose on Friday (Oct 24), supported by lingering geopolitical…
Redefining data engineering in the age of AI
As their influence grows, so do the challenges data engineers face. A major one is dealing with greater complexity, as more advanced AI models elevate the importance of managing…
Gold eases as dollar firms, focus on US inflation data
Investors have nearly fully priced in a 25-basis-point rate cut at the US Federal Reserve’s meeting next week Gold prices edged lower on Thursday (Oct 23), weighed down by an uptick in the…
OpenAI to offer UK data residency driven by government partnership
OpenAI will offer Britain’s government and businesses an opportunity to store data in the UK from Friday, helping unlock the potential of AI for more companies and public services, Deputy…