Artificial Inteligence

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Reliance Industries, JV Partners to Invest $11 Billion in India AI Data Capacity

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A Reliance Industries joint venture will invest $11 billion over five years to develop 1 gigawatt of AI data capacity in the southern Indian state of Andhra Pradesh, the companies and the state’s government said on Wednesday. Canadian multinational company Brookfield Corporation and U.S.-based real estate investment trust Digital Realty are the other partners involved …

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UAE to Invest up to $50 Billion in Canada in Industries Such as AI, Energy

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The United Arab Emirates said on Friday it will invest up to $50 billion in Canada under a framework that includes projects in artificial intelligence, energy, and mining sectors. The UAE has been looking to expand its energy investments abroad, especially through its recently launched firm XRG, the foreign investment arm of Abu Dhabi’s oil …

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COMMENTARY: Selected US States Offer Enormous Advantages for AI Data Centers – Yogi Schulz

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By Yogi Schulz The characteristics of some US states offer significant advantages over others in the competitive race to attract AI data centers. Contact your member of Congress to express your support for realizing this economic development opportunity for your state. Ohio and Pennsylvania are the states with the most advantages in this analysis. How …

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Biggest US Power Grid Operator Moving Forward With Plan to Manage Data Centers

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(Reuters) – Operators of the U.S. electric grid covering the world’s largest data center market on Wednesday said they planned to move forward with a plan to manage the connection of the giant server warehouses that are propelling the country’s power use to record highs and raising the risk of supply shortfalls. PJM Interconnection, the …

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Schneider Electric Seals $2.3 Billion in US Data Centre Deals to Power AI Boom

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By Gianluca Lo Nostro Schneider signs two deals with US data centre operators New agreements expected to generate nearly $2.3 billion in sales Company says its solution can scale AI capacity without raising power demand Nov 19 (Reuters) – Schneider Electric (SCHN.PA) said on Wednesday that it had signed new deals worth almost $2.3 billion …

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US Data Center Demand Raising Power Risks This Winter, Regulator Says  

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Rising power demand driven by data centers is shrinking U.S. electricity supplies and increasing the risk of energy shortages if extreme winter weather strikes this year, the North American Electric Reliability Corporation said on Tuesday. The swift proliferation of data centers in the U.S., along with the electrification of buildings and transportation, is driving up …

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Chevron Picks Texas for First AI Data Center Power Project

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By Kevin Crowley Chevron Corp. chose West Texas as the site of its first project to provide natural gas-fired power to a data center, the beginning of a new line of business for the oil giant to capitalize on the boom in artificial intelligence. The company is in exclusive talks with the data center’s end …

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TotalEnergies Agrees Renewable Power deal with Google for Ohio Data centres

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By Reuters Nov 12 (Reuters) – Oil major TotalEnergies  has agreed a 15-year power purchase deal to supply Alphabet’s Google  with 1.5 terawatt hours of renewable electricity from its Montpelier solar farm in Ohio, the French company said on Wednesday. The solar facility, which is nearing completion, is connected to the PJM grid, the largest in the United …

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Adnoc CEO Says AI Raises Energy Investment Needs to $4 Trillion

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By Anthony Di Paola, Salma El Wardany, and Omar El Chmouri Sultan Al Jaber Photographer: Hollie Adams/Bloomberg The global energy industry needs annual investment of $4 trillion as the boom in data centers and artificial intelligence increases demand, according to Sultan Al Jaber, head of the biggest crude producer in the United Arab Emirates. Long-term …

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Google to Buy Power From NextEra Nuclear Plant Being Revived

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By Josh Saul and Will Wade NextEra Energy Inc. plans to restart a nuclear power plant in Iowa, primarily to supply Google data centers. The Duane Arnold Energy Center is expected to start delivering power by 2029 following agreements with Google, according to a statement Monday. The 615-megawatt plant shut down in 2020, well before …

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