National and state political leaders are rushing to regulate and incentivize the rapidly growing data center industry.

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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.

Vertiv 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.

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.

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

Google will expand AI data centers across PJM, the nation’s largest grid, targeting surging compute demand in regions like Virginia and the Midwest.