Data Centers

OpenAI is significantly expanding its AI infrastructure through a massive deal with Oracle to build new data centers across the US as part of its Stargate initiative. These centers, requiring 4.5 gigawatts of power, will house over two million chips and support wider access to advanced AI. This supports OpenAI’s pledge to invest heavily in US AI infrastructure, potentially exceeding $500 billion, and is projected to create over 100,000 jobs. Collaborations also include SoftBank and Microsoft, highlighting the extensive industrial effort behind AI development.

Energy Plug Technologies Corp. has secured an exclusive distribution agreement with Taiwan’s SEETEL New Energy Co., Ltd. for their advanced energy storage systems in Canada, under the “MBT-SEETEL” brand. This partnership aims to supply critical infrastructure sectors like data centers and defense installations across North America. The deal includes dedicated Canadian production capacity and leverages a joint venture with the Malahat First Nation.

Alibaba Cloud is expanding its global infrastructure with new data centers in Malaysia and the Philippines, bringing its total to 29 regions. This expansion supports the growing demand for cloud and AI services. Additionally, Alibaba Cloud is launching a Global AI Capability Center to foster industry-AI collaboration and talent development, while also enhancing its AI technologies like PAI and DTS for international markets. New Intel-powered ECS instances are also rolling out globally.

IREN Limited has appointed Anthony Lewis as its new Chief Capital Officer to bolster its capital markets strategy and fuel aggressive growth in the AI infrastructure sector. Lewis brings over two decades of financial markets experience, including a significant tenure at Macquarie Group, to shape IREN’s capital structure and financing initiatives.