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Big Tech locks in $1.09 trillion AI data-centre lease burden as infrastructure race intensifies

Microsoft, Meta, Oracle, Amazon and Alphabet have committed $1.09 trillion in future lease payments for AI data centres that haven't yet begun. The uncommenced lease commitments are nearly four times their current $285 billion recognized lease liabilities, revealing the massive scale of Big Tech's AI infrastructure investments and the financial risks if AI computing demand doesn't meet expectations.

Business3 sources

Big Tech locks in $1.09 trillion AI data-centre lease burden as infrastructure race intensifies

Business3 sources

CoreWeave Launches First Asia-Pacific Data Centers in Indonesia with 360 Megawatts of AI Cloud Power

CoreWeave announced its expansion into Indonesia with three new data centers totaling 360 megawatts of contracted IT power, marking the AI cloud computing firm's first data center presence in the Asia-Pacific region. Expected online in 2028, the facilities will serve AI pioneers across Southeast Asia while supporting Indonesia's digital infrastructure priorities.

Technology4 sources

CoreWeave Launches First Asia-Pacific Data Centers in Indonesia with 360 Megawatts of AI Cloud Power

Technology4 sources

AI Power Demand Crisis Forces Data Centers to Buy Ship Engines for Off-Grid Solutions

A South Korean shipbuilder sold $673.8 million worth of engines to power US data centers off the grid, marking AI's escalating power crunch. HD Hyundai's 1,000 MW engine order highlights how grid interconnection delays are forcing tech companies to build their own power generation, even as volatile power demand damages critical infrastructure.

Technology8 sources

AI Power Demand Crisis Forces Data Centers to Buy Ship Engines for Off-Grid Solutions

Technology8 sources

AI-Linked Stocks Drive S&P 500 and Dow to Record Highs Amid Strong Earnings Season

Strong AI-driven demand forecasts from Palantir and ON Semiconductor pushed stock futures higher, with the S&P 500 and Dow Jones Industrial Average hitting record highs. The rally comes as 85.2% of companies beat second-quarter earnings estimates, while Middle East deal hopes and Federal Reserve policy decisions keep investors cautious about future rate moves.

Business5 sources

AI-Linked Stocks Drive S&P 500 and Dow to Record Highs Amid Strong Earnings Season

Business5 sources

Spotify Profits Take Hit as Company Doubles Down on AI Investments Despite 300M Paid Subscribers

Spotify reported lower-than-expected profits as operating expenses surged 19% due to AI investments and marketing spend. The streaming giant now has 300 million paid subscribers and 777 million monthly active users, but its stock fell 8% as investors question whether AI features can justify mounting costs.

Business5 sources

Spotify Profits Take Hit as Company Doubles Down on AI Investments Despite 300M Paid Subscribers

Business5 sources

Amazon Joins $3 Trillion Club as AI Demand Powers AWS to Fastest Growth in Four Years

Amazon market capitalization surpassed $3 trillion for the first time, fueled by artificial intelligence optimism and Amazon Web Services revenue hitting $42.2 billion with 37% growth. CEO Andy Jassy raised capital expenditure projections to $220 billion as AI demand outpaces capacity.

Business7 sources

Amazon Joins $3 Trillion Club as AI Demand Powers AWS to Fastest Growth in Four Years

Business7 sources

Steve Hanke Says AI Costs Too Much to Replace Most Jobs, Challenging Industry Hype

Johns Hopkins economist Steve Hanke argues AI won't destroy most jobs because deploying it costs more than hiring humans. He calls AI "incredibly costly" and resource-intensive, requiring huge amounts of water, power, and physical capital, challenging predictions from AI evangelists like Jensen Huang and Elon Musk.

Business2 sources

Steve Hanke Says AI Costs Too Much to Replace Most Jobs, Challenging Industry Hype

Business2 sources

Bank of Japan Warns AI Demand Could Drive Sticky Inflation, Signals Potential Rate Hikes

The Bank of Japan issued a stark warning that global AI-related demand may create lasting upward pressure on inflation, potentially triggering near-term interest rate hikes. While AI promises long-term productivity gains, the BOJ's quarterly outlook report reveals that short-term AI-driven investment boom effects are outweighing those benefits, creating persistent inflationary pressures across the economy.

Business2 sources

Bank of Japan Warns AI Demand Could Drive Sticky Inflation, Signals Potential Rate Hikes

Business2 sources

SpaceX's $15.8 Billion AI Spending Shakes Investors Despite Strong Revenue in First Public Earnings

SpaceX disclosed massive AI infrastructure investments of $15.8 billion in its debut earnings report, causing shares to drop 10% despite beating revenue expectations. The company's AI revenue tripled to $2.56 billion as it pursues aggressive data center expansion plans, raising questions about profitability timelines.

Business36 sources

SpaceX's $15.8 Billion AI Spending Shakes Investors Despite Strong Revenue in First Public Earnings

Business36 sources

AI Agents Promise Billions Users, But 30 Homes Demolished and Power Bills Soar in $145 Billion Push

Georgia Power is using eminent domain to seize over 330 properties and demolish up to 30 homes to build transmission lines for AI data centers. Mark Zuckerberg envisions billions using personal AI agents within five years, but Meta's $130-145 billion spending spree is raising electricity costs nationwide and sparking community protests across 42 states.

Entertainment2 sources

AI Agents Promise Billions Users, But 30 Homes Demolished and Power Bills Soar in $145 Billion Push

Entertainment2 sources

South Korea Exports Jump 62.8% in July Driven by AI Investments and Semiconductor Demand

South Korea exports climbed 62.8% year-over-year to $98.89 billion in July, exceeding forecasts as global demand for AI-related semiconductors and computer infrastructure surged. Semiconductor exports jumped 179% while computer sales soared 404%, fueled by increased AI investments by major U.S. tech firms despite market volatility.

Business3 sources

South Korea Exports Jump 62.8% in July Driven by AI Investments and Semiconductor Demand

Business3 sources

Memory Chip Shortage to Intensify Through 2027 as AI Demand Pushes Prices Up 5-6x

Samsung warns the global shortage of RAM chips will deepen in 2027 and persist until 2028 as AI-driven demand overwhelms supply. Memory chip prices have surged 5-6 times, forcing Apple and Samsung to raise device prices while manufacturers like SK Hynix invest $38 billion in new facilities that won't open until 2028.

Business8 sources

Memory Chip Shortage to Intensify Through 2027 as AI Demand Pushes Prices Up 5-6x

Business8 sources

Kioxia Reports 45-Fold Profit Surge Driven by AI Demand for NAND Flash Memory

Japanese chipmaker Kioxia posted a staggering 45-fold increase in quarterly net profit to $5.3 billion, driven by AI-driven demand for NAND flash memory chips. Despite missing analyst estimates, the company announced an $800 billion buyback and 3-for-1 stock split while navigating intense competition from Samsung Electronics and SK hynix.

Business3 sources

Kioxia Reports 45-Fold Profit Surge Driven by AI Demand for NAND Flash Memory

Business3 sources

Microsoft Jumps 8% While Meta Tanks 8.5% as AI Investments Split Big Tech

Microsoft shares surged 8% after reporting 43% Azure cloud business growth and 30 million paid Microsoft 365 Copilot seats, validating its $190 billion data-center buildout. Meanwhile, Meta Platforms dropped 8.5% on softer revenue forecasts and increased AI infrastructure spending, highlighting diverging investor sentiment on AI strategies.

Business2 sources

Microsoft Jumps 8% While Meta Tanks 8.5% as AI Investments Split Big Tech

Business2 sources

US Economic Growth Reaches 1.5% in Q2 as AI Spending and Consumer Demand Drive Expansion

The US economy grew at a 1.5% annualized rate in the second quarter of 2026, slightly below economist expectations but showing resilience. Consumer spending surged 3.2% while business investment in AI infrastructure continued its double-digit expansion, offsetting trade deficits and geopolitical headwinds from the Middle East conflict.

Business2 sources

US Economic Growth Reaches 1.5% in Q2 as AI Spending and Consumer Demand Drive Expansion

Business2 sources

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