A facility housing computer systems and storage critical to the digital economy
Official figures from the Office for National Statistics are expected to show the UK economy has maintained growth in the second quarter, with GDP likely rising around 0.4%. Services and manufacturing input point to resilience despite supply pressures and political uncertainty. Analysts warn June may show a dip as heatwaves bite activity, but a quarterly rebound remains probable.
Tom Steyer is under renewed pressure over his position on a moratorium for new data centers as voters weigh affordability and climate policy ahead of the June 2 primary. Greenpeace has disputed his current stance after his comments in a campaign survey.
NextEra Energy has agreed to combine with Dominion Energy in an all-stock deal that values Dominion at about $67bn and would create the world’s largest regulated electric utility, serving roughly 10 million customer accounts across Florida and the Southeast. The transaction is expected to close in 12–18 months, subject to shareholder and regulatory approvals.
A wave of energy storage and grid-neutral projects is reshaping the power landscape. European microgrids in Dublin demonstrate how on-site generation paired with storage can stabilize supply, while a South Dakota project pilots thermal storage adjacent to a biofuels facility to ease wind-backed fluctuations. Simultaneously, a large-scale telecom-to-energy consolidation is prompting questions about consumer costs as regulators weigh rate implications.
A wave of local and state actions is driving a pause in new data-center approvals as officials weigh electricity demand, water use, and community impact. Governors and legislators are considering temporary bans or moratoria while studies assess environmental and economic effects. Industry groups warn against overreach while residents push for local control and benefits.
A wave of city and state actions curbs datacenter expansion amid AI investments. Seattle and New York push moratoriums to reassess power, water use, and community impact while major employers accelerate AI spending and layoffs.
A wave of local and state actions is shaping the data-center boom. New rules aim to curb power use, water consumption and cost pressures, while critics warn of overreach and uneven economic impacts.
Meta has launched America’s Workforce Academy, a free training program across Louisiana, Ohio, Indiana and Texas aimed at fast-tracking careers in skilled trades. The initiative offers paid apprenticeships, training costs and job guarantees for graduates as data-center buildouts accelerate for AI infrastructure.
A mounting body of studies shows climate hazards are increasingly disrupting data centers worldwide, raising costs and threatening reliability. Insurers warn of higher premiums; operators push for water-efficient cooling and location strategies. With heat waves intensifying, a systemic rethink of cooling, water use, and siting is underway.
The expansion of AI data centers is meeting increasing resistance from communities, with regulators considering moratoriums and bans while tech giants defend efficiency gains and transparency. New disclosures show progress toward water-use goals, but concerns about environmental impact persist.
Galleries have been shrinking and business models have been under sustained pressure at Art Basel this month, while major players have been narrowing investments and reshaping portfolios across regions. SoftBank has reduced deal activity in Latin America; Pace has cut artists and staff; recruitment firm Hays has sold operations; and community art projects and private collectors are adapting their approaches.
A chorus of concerns and defenses surrounds data centers as communities question their energy and water demands. Voices range from alarm over consumption to reassurances that upgrades in efficiency and infrastructure will curb impact, with investors and policymakers weighing future growth against environmental and economic considerations.
The Department of Energy has proposed up to $17.5 billion in loans to support five two-reactor projects built around Westinghouse’s AP1000 design. The plan aims to accelerate construction, standardize supply chains, and attract tech-sector investment, with selections expected after letters of intent were signed by seven potential partners.
The Federal Energy Regulatory Commission has issued region-specific orders to speed grid connections for AI-driven data centers and large energy users, aiming to balance faster power access with consumer costs. The moves target six grid regions serving over 200 million people and seek transparent cost allocation, with responses due within 60 days.
Micron has reported blockbuster fiscal third-quarter results — $41.46bn revenue and $28.24bn net income — and has forecast roughly $50bn for the current quarter. The results have pushed Micron above a $1tn market value, restarted buying in memory stocks and have sharpened concerns that soaring AI data‑centre demand is forcing consumer electronics makers, including Apple, to prepare price increases.
Federal regulators have issued orders to regional grid operators to speed connections for large data centers while requiring transparency and rules to prevent ratepayers from subsidising grid upgrades. Tech firms and energy officials are defending faster hookups and new cooling tech; communities and experts are warning about water, electricity and local costs as data‑center buildouts surge.
Recent data shows a sharp rise in home battery installations across several states, driven by high electricity prices and policies that reward rooftop solar plus storage. Utilities and tech firms see these distributed assets powering a future grid and supporting data centers, AI workloads, and virtual power plants. Major players are expanding partnerships to coordinate thousands of home batteries for grid needs.
Prologis has made an all-share approach worth 925p a Segro share, valuing Segro at about 3.6bn. Segro’s board has rejected the bid as “a long way short” of value, arguing the US bid undervalues the business. Shares have rallied on the news, while broader property stocks are buoyed by falling gilt yields and hopes of cheaper financing.
Major device makers have raised prices and warned consumers after memory and storage costs have surged because AI data‑centre buildouts are buying up DRAM and flash. Apple has increased Mac and iPad prices; Microsoft, Sony and Nintendo have signalled or implemented console and hardware hikes. Analysts say shortages will persist into 2027.
A UN Global Dialogue on AI Governance has opened in Geneva to discuss regulatory safeguards as AI technology evolves rapidly. Participants from governments, tech, academia and civil society are exploring universal guardrails while acknowledging both the potential benefits and new risks. The dialogue emphasizes the need for proactive, globally coordinated standards.
A heat dome has driven record electricity demand across the eastern United States. Officials warn temperatures will stay high this week and the grid faces stress as cooling needs rise. Cooling centers expand and energy-use guidance is issued to prevent outages.
Tech giants Google and Amazon have released sustainability reports showing rising energy use tied to AI expansion. While they claim progress on decarbonization, Scope 3 emissions and data-center activity are pushing overall emissions higher, prompting calls for tighter funding of clean energy and reforms to energy strategy.
Thinking Machines has released Inkling, a foundation model designed for customization by enterprises. It draws on large-scale pretraining but is optimized to run with lower compute, offering a tunable balance of cost and performance and open-weight accessibility for fine-tuning on private data.
Meta has expanded its Hyperion AI data center in Richland Parish, Louisiana to at least 5 gigawatts of compute capacity at a cost surpassing $50 billion. The project, already a major AI infrastructure push, is expected to create over 1,000 jobs and bring billions in local contracts and infrastructure investments.
The IMF has revised its 2026 growth outlook to 3.0%, citing energy shocks from the Middle East but noting an AI investment boom that is offsetting some pain. The US is forecast to grow around 2.3%, Europe remains subdued, and oil markets show volatility as tensions persist in Hormuz. Inflation is expected to ease only slowly.
Caribbean talks have inked MOUs for a 300MW data center and a 150MW AI facility, plus a plan to recommission a local steel plant. The deals are framed as development but raise concerns about energy use, water stress, and environmental impact amid global push for data infrastructure by US partners.
Governor Kathy Hochul has signed an executive order imposing a one-year statewide moratorium on new hyperscale data centres that use 50 megawatts or more, directing regulators to complete an environmental impact review and consider rules to make developers pay for power, contribute to grid upgrades and lose tax breaks. The move has drawn praise from community and environmental groups and rebuke from industry and national conservatives.
The OECD has forecast the UK’s GDP will slow to 0.9% in 2026, down from 1.4% last year, citing energy costs and geopolitics. It stresses the need for reforms to boost productivity and address regional disparities, as energy prices remain a risk to growth.
Palm Beach County debates Project Tango, a large AI data center proposal near Mar-a-Lago. Voters cite infrastructure, water, and schooling concerns as developers promise tax revenue and jobs amid a national data-center buildout.
The Sunshine Protection Act has passed the House to make daylight saving time permanent in most of the United States. Senate consideration is uncertain and health experts warn permanent DST could disrupt sleep, while some communities push for permanent standard time. The decision hinges on balancing public health, regional impacts, and the logistics of time-zone alignment.
Ofgem has proposed refundable upfront deposits between £237,500 and £712,500 per megawatt for projects seeking grid connections, to stop speculative data‑centre schemes clogging the queue. The regulator has opened a consultation to force applicants to hit hard milestones or lose their place as Britain faces connection requests vastly above peak demand.
As AI infrastructure expands, builders report shortages in electricians and skilled trades, while energy and material costs tighten the supply chain. The buildout is powering new, well‑paid jobs even as critics flag environmental and energy concerns.
Bloomberg reports that a joint venture between Mitsubishi Electric and Sony aims to consolidate power-regulation chips central to AI infrastructure, with a 60/40 stake. Separately, Samsung will establish robotics hubs in the US, China and Japan, under RX Business Office, signaling intensified investment in AI-enabled devices and manufacturing.
The Galaxy Z Fold 8 has a shorter, wider foldable design that fits better in the hand while unfolding into a 7.6-inch tablet. Reviews acclaim its practicality and comfort, with caveats on camera and price compared with Ultra and competing devices.
The FCC has announced restrictions on importing new Chinese humanoid and quadruped robots and connected power inverters, aiming to strengthen the U.S. AI supply chain and incentivize domestic manufacturing. The measures affect models not yet approved for sale and come amid broader U.S.-China tech tensions.
The Federal Reserve has kept its target range at 3.5%-3.75%, with three regional presidents dissenting in favor of a quarter-point rate increase. Chair Warsh has emphasised inflation as a priority while signalling uncertainty about future moves. Markets have priced in possible action later this year as data rolls in.
Big tech continues heavy investment in AI infrastructure, with JPMorgan and Meta leading capex. Analysts say cash flow remains strong enough to support expansion, while competition raises questions about returns and monetization. OpenAI and Anthropic confront a shifting landscape as cloud capacity remains scarce.
Grab reports strong Q2 results and lifts full-year outlook as AI-driven efficiency boosts margins; Grab is accelerating in Southeast Asia while pursuing Taiwan expansion. Rolls-Royce posts higher semi-annual profit guidance on defense demand and data-centre power growth, with AI-influenced efficiency lifting margins.
Texas Governor has ordered audits of data-center projects seeking grid connections. ERCOT and the Public Utility Commission are reviewing more than 1,800 interconnection requests, the vast majority from data centers. The move aims to verify power and water use, tax incentives and community impacts, and could deny connections to projects that do not comply.