AI, Trump and Pennsylvania
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National and state political leaders are rushing to regulate and incentivize the rapidly growing data center industry.
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Investor's Business Daily on MSNVertiv Bolsters AI Data Center Offerings With AcquisitionVertiv on Thursday announced an agreement to buy Great Lakes Data Racks & Cabinets for $200 million. Vertiv stock rose on the news.
But as more data centers are built to accommodate AI and other data-intensive processes, energy demand is expected to skyrocket. A single hyperscale data center can use the same amount of energy as a large city, and the stress this is placing on local power grids is expected to drive up energy costs for residents in Virginia—and around the country.
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24/7 Wall St. on MSNAI, Data Centers, and Big Tech Are Devouring Electricity: Jim Cramer Has 4 Favorite Utility StocksFour of Jim Cramer's favorite ideas are also top utility stock picks at 24/7 Wall St., and they are rated Buy at top Wall Street firms.
The Shapiro administration is slashing red tape and has given developers the green light so Pennsylvania will move at the “speed of business” and become a global competitor in AI. Not everyone is happy about it.
Vertiv to Acquire Data Rack Maker for $200 Million. The AI Stock Is Climbing. Shares of Vertiv Holdings were rising sharply Thursday after the maker of data center infrastructure solutions announced an agreement to acquire Great Lakes Data Racks & Cabinets for $200 million.
China is pulling ahead of the rest of the world in sinking data centers that power AI into the ocean as an alternate way to keep them cool