Data Centres news

CoreWeave raises its forecast as sales nearly triple

The AI cloud company’s revenue rose to $3.66 billion in the third quarter, from $1.37 billion a year earlier, and its order book reached about $132.5 billion. It still lost $709 million. Its shares had fallen more than 40% in a month on fears about its debt.

CoreWeave rents out computing power built on Nvidia chips to AI companies. On November 10 it reported results for the three months to September 30, and raised its revenue forecast for 2026 to $13.0 billion to $13.3 billion.

Chip index falls about 12% as US vote hits AI stocks

The Nasdaq 100 lost $2.3 trillion of value in one day on Thursday. Investors fear that Democrats who won on Tuesday will slow data centre building. Asia fell on Friday, and the Nasdaq won back 1.09% in New York that day.

The Philadelphia chip index fell about 12% on November 5, its worst day since March 2020. The Nasdaq 100 dropped 6.3%, wiping out $2.3 trillion of value, NBC News reports. The fall spread to Tokyo and Seoul, which each closed 6.0% lower on November 6.

Google plans $17B data centre in Wyoming, its first there

Google says it will pay for all the power the site uses, and its utility partner says those costs won’t shift to other customers. Google bought the site from Crusoe. The plan came two days after US voters backed limits on data centres.

Google announced the campus in Laramie County, near Cheyenne, on November 5. It will run partly on a planned 702-megawatt plant of fuel cells that use natural gas and capture carbon. On November 6, Crusoe said Google had acquired the site. No price was given.

OpenAI pledges no NDAs with officials at sites it owns

Two days after US voters turned against data centres, OpenAI published a National Community Compact. It also promises to pay its full power costs. The promises are voluntary, and cover only future campuses that OpenAI owns and operates.

OpenAI published a National Community Compact on November 5, after voters rejected data centres in the US midterm elections. It says it will stop using NDAs with public officials, with narrow exceptions, pay the full cost of its electricity, and publish water, noise and energy data. Reuters says the policies had been in the works since August.

Opponents win nearly all US data centre votes so far

Voters in 10 US states decided about 40 local questions on November 3. One early count shows 33 limits approved and one measure allowing data centres. In Texas, a candidate who promised a moratorium beat Governor Greg Abbott.

Early results from the US midterm elections show opponents of data centres winning almost every local vote. Ballotpedia counted 41 measures in 10 states before the vote. By 8 a.m. Eastern Time on November 4, Redbud Consulting counted 33 restrictions approved and one measure allowing data centres, Business Insider reports. Counting continues, and some votes are only advisory.

AMD’s data centre sales nearly double to $8.5B

Total revenue rose 45% to $13.38 billion, and AMD forecasts about $17 billion for the next quarter. It says Anthropic, Meta, Microsoft, OpenAI and Oracle now run work on its new Helios AI racks.

AMD reported third-quarter results on November 3. Revenue rose 45% from a year earlier to $13.38 billion, above the $13.09 billion that analysts expected, according to LSEG. Data centre sales rose 97% to a record $8.5 billion, helped by server processors and new MI450 AI chips. AMD forecasts about $17 billion for the fourth quarter, and its shares rose after the report.

Oracle plans to raise $20B, its whole limit through 2030

Oracle filed on Monday to sell $10 billion of new shares and $10 billion of bonds. Last week it promised to raise no more than $20 billion of new money through its 2030 financial year. Prices and interest rates are not set yet.

Oracle launched the two offerings in filings on Monday, November 2. It says the money is for general corporate purposes, which may include capital spending and paying back debt. Oracle is spending heavily on data centres for AI, and its shares fell on the news.

Musk says SpaceX closed $40B of debt to buy AI chips

Elon Musk wrote on X on Sunday that SpaceX has closed $40 billion of debt for graphics chips, which arrive in early 2027. He also said lenders have almost stopped funding AI data-centre firms without other income, and predicted that most of the 200-plus “neoclouds” will not survive.

SpaceX has closed $40 billion of debt to buy GPUs, the chips that train and run AI models, Elon Musk said in a post on Sunday, October 25. SpaceX has not published the lenders, the interest rate or the closing date. In early October, Bloomberg reported that the talks were at an early stage.

AI is now SpaceX’s biggest business, ahead of Starlink

SpaceX says its AI unit brought in $7.6 billion in the third quarter, mostly from renting out computing power. It spent $16.4 billion on AI equipment in the same three months.

SpaceX’s revenue rose 161% from a year earlier to $14.6 billion in the quarter to September. Its AI unit, called Super Intelligence, made $7.6 billion, more than its Starlink internet business. The AI unit made an operating profit of $431 million, after a loss a year earlier.

Amazon plans more than €16bn for Germany in 2027

Amazon says €4.8 billion of it will expand its cloud data centres around Frankfurt. The total is a plan for one year, close to what Amazon says it spent in Germany in 2025.

Amazon says it will invest more than €16 billion in Germany in 2027, in cloud and AI data centres, warehouses, its Leo satellite internet and Prime Video shows. It announced the plan in Berlin at the government’s Invest in Germany Summit.

Microsoft quits Nscale’s Essex AI data centre, reports say

The Telegraph and the BBC say Microsoft has ended its part in the planned UK site, which cannot get enough power until the 2030s. Microsoft declined to comment, and Nscale says it still plans to build.

Microsoft has pulled out of Nscale’s planned AI data centre in Loughton, Essex, the Telegraph reported on October 18. The BBC said it understood the same. Nscale, a British company, has been told that the site will not get its power until the 2030s. Microsoft declined to comment to the BBC, and Nscale says it remains committed to the project.

Google to buy power from a $4B fuel cell plant in Wyoming

American Electric Power will build a 702-megawatt plant of Bloom Energy fuel cells near Cheyenne and sell its power to Google for 20 years. It should run fully by the end of 2028.

American Electric Power (AEP), a big US utility, plans to spend about $4 billion on a 702-megawatt fuel cell plant near Cheyenne, Wyoming. Google will buy its power for 20 years. Google is building a large data centre campus nearby. The fuel cells make electricity from natural gas without burning it, and AEP plans to add carbon capture.

Microsoft’s Maia 300 chip will run its AI from 2027

Microsoft says its own chips will become the main system that runs AI in its products. It claims 40% more AI output per unit of power than leading GPU systems, but nobody outside has tested the chip yet.

Microsoft unveiled Maia 300, the third generation of its own AI chip, on October 12. It is built to run AI models rather than train them, and its production use starts in 2027. Microsoft plans to scale its Maia chips to several gigawatts of data-centre power from 2027.

Yandex says drones shut a third data centre in four days

Its Vladimir site stopped on October 11, after strikes on two other sites on October 8 and 9. Reuters says the first site held two of the three supercomputers Yandex used to train YandexGPT.

Yandex said a drone attack damaged its data centre in the Vladimir region on Sunday, October 11, and that work there was completely suspended. Its cloud platform was still running in a limited mode that evening, and it told customers to consider other sites. It is the third Yandex data centre hit since October 8.

Amazon says it has dropped NDAs with data centre officials

AWS’s chief wrote that the company no longer signs secrecy deals with the government agencies on its projects. The post does not say whether older agreements still apply.

“We no longer use nondisclosure agreements with the government agencies we work with on our projects,” AWS chief executive Matt Garman wrote on Amazon’s website. The same post pledged more than $1 billion over five years to data centre communities and promised yearly figures on energy and water use.

Amazon pledges $1 billion more to its data centre towns

The money over five years goes to job training, energy and water projects, and local priorities. AWS’s chief warns that more than 100 proposed moratoriums could cost the US the AI race.

Amazon said on October 2 that it will add more than $1 billion over the next five years to what it already spends in US communities that host its data centres. The programme, called Built Together, also comes with promises to stop using nondisclosure agreements with government agencies and to cover the energy costs its sites add.

Oracle sent a force majeure notice on a Stargate campus

The data-centre campus is in New Mexico. Oracle says the project is still on schedule.

Oracle sent a force majeure notice to the developer of Project Jupiter, a huge data-centre campus in New Mexico linked to the Stargate effort with OpenAI and SoftBank. Bloomberg first reported it on September 24. The notice could let Oracle delay payments if the site misses its 2028 start, but Oracle says the project remains on schedule.

Helsinki’s Verda raised $189 million to rent out AI chips

Its growth figures are its own.

Verda, the Finnish AI cloud company formerly called DataCrunch, announced $189 million in new funding on September 22, led by Emergence Capital. It says it is now worth at least $1 billion and that its yearly revenue rate reached $165 million in July.

US House says huge data centres should pay their grid costs

The bill is only a first step.

The House passed the Ratepayer Protection Act by 417 votes to 3. It asks state regulators to consider special rules for sites above 100 megawatts, but it does not set one national price.

Amazon ordered billions in backup generators

The AI power boom now has a reliability bill.

Generac expects $2.4 billion of initial deliveries in 2027 and 2028. Amazon also received rights to buy shares as payments for data-centre generators rise toward a possible $8 billion.

AI data centres want faster grid access

A new alliance says flexible power use is the deal.

Google, Nvidia, Emerald AI, and energy companies launched a coalition for data centres that can reduce or move electricity use when the grid is stressed. The promises now need measured results.

Google will spend €13 billion in Finland

The grid plan matters as much as the servers.

Google says its largest single European investment will expand data centres and related systems in four Finnish areas. It also announced nuclear, wind, battery, and community projects.

Data centers can move some AI work to cleaner hours

Some AI jobs do not need to run at once. Data centers can move this work to times when electricity is cleaner and sometimes cheaper.