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KKR eyes $3 billion sale of CoolIT Systems as data center cooling demand surges

Private equity firm KKR is working with advisers on a potential sale of CoolIT Systems for over $3 billion. The data center cooling company specializes in liquid cooling technologies for AI and computing systems. The move reflects surging demand in the data center industry as high-powered AI and cloud servers require advanced cooling solutions beyond traditional air systems.

Business3 sources

KKR eyes $3 billion sale of CoolIT Systems as data center cooling demand surges

Business3 sources

SoftBank seeks record $40 billion loan to fund OpenAI investment as AI bet intensifies

SoftBank is pursuing a record $40 billion loan to finance its massive investment in OpenAI, marking its largest-ever dollar-denominated borrowing. The 12-month bridge loan, underwritten by JPMorgan and other lenders, underscores Masayoshi Son's aggressive positioning in the AI boom. However, S&P's recent credit outlook downgrade highlights concerns about liquidity and the risks of an AI bubble.

Business3 sources

SoftBank seeks record $40 billion loan to fund OpenAI investment as AI bet intensifies

Business3 sources

AI Data Centers Spark Land Rush and Political Battles as Big Tech Seeks 85 Gigawatts by 2030

The AI boom has created a modern land rush as companies scramble to secure power and land for data centers. Firms like Cloverleaf Infrastructure act as middlemen, securing 85 gigawatts of capacity needed by 2030. But community opposition is mounting over rising utility costs, with Virginia voters electing candidates who promise to shift grid costs to tech companies. Big Tech responds with aggressive lobbying as the battle over who pays for AI infrastructure intensifies.

Business2 sources

AI Data Centers Spark Land Rush and Political Battles as Big Tech Seeks 85 Gigawatts by 2030

Business2 sources

Meta creates new AI unit in Reality Labs to accelerate model development

Meta has formed a new applied AI engineering organization within its Reality Labs division to speed up model development and support superintelligence initiatives. Led by VP Maher Saba, the unit will focus on building interfaces, generating real-world data, and providing evaluations to strengthen Meta's AI models. The move comes as Meta commits billions to AI infrastructure alongside a $50 million annual content licensing deal with News Corp.

Business2 sources

Meta creates new AI unit in Reality Labs to accelerate model development

Business2 sources

Amazon acquires George Washington University campus for $427 million to fuel AI expansion

Amazon Data Services purchased George Washington University's Virginia Science and Technology campus for $427 million to build data center infrastructure. The acquisition in Ashburn, Virginia, supports Amazon's $35 billion investment plan through 2040 as tech companies commit at least $630 billion this year to meet surging artificial intelligence demands.

Business2 sources

Amazon acquires George Washington University campus for $427 million to fuel AI expansion

Business2 sources

ECB's Lagarde Vows Close Watch on AI-Led Layoffs as Productivity Gains Emerge Across Europe

European Central Bank President Christine Lagarde told lawmakers the ECB will be "extremely attentive" to potential AI-driven job cuts as artificial intelligence boosts productivity across the euro zone. While massive investment in AI is yielding observable results in Europe and the US, no significant wave of layoffs has materialized yet, though concerns about job losses stemming from AI adoption continue to mount globally.

Policy3 sources

ECB's Lagarde Vows Close Watch on AI-Led Layoffs as Productivity Gains Emerge Across Europe

Policy3 sources

Citigroup Forms Specialized AI Infrastructure Banking Team to Tap $3 Trillion Opportunity

Citigroup has assembled a dedicated AI Infrastructure Banking team to help finance the massive build-out of data centers and computing infrastructure. The bank estimates $3 trillion in capital will be needed by 2030 as Big Tech companies like Amazon, Meta, and Alphabet dramatically increase spending on AI infrastructure.

Business2 sources

Citigroup Forms Specialized AI Infrastructure Banking Team to Tap $3 Trillion Opportunity

Business2 sources

White House Economist Dismisses AI Job Losses as 'Science Fiction' After Market Turmoil

A top White House economist rejected alarming predictions about AI-driven job losses that rattled markets this week. Pierre Yared called the Citrini Research report 'science fiction,' arguing it violates basic economic principles. The administration maintains AI will drive productivity and employment, not destroy jobs.

Policy2 sources

White House Economist Dismisses AI Job Losses as 'Science Fiction' After Market Turmoil

Policy2 sources

Goldman Sachs says AI delivered 'basically zero' GDP growth despite massive tech spending

Goldman Sachs chief economist Jan Hatzius reveals that AI contributed essentially nothing to US economic growth in 2025, despite hundreds of billions in investment. The problem: most spending flows to overseas manufacturing in Taiwan and Asia, not American GDP. While tech companies plan $700 billion in AI infrastructure spending for 2026, analysts calculate only 0.2% of the country's 2.2% growth came from AI investment.

Business6 sources

Goldman Sachs says AI delivered 'basically zero' GDP growth despite massive tech spending

Business6 sources

Nvidia posts $68B revenue quarter as AI chips demand accelerates, forecasts $78B ahead

Nvidia reported its strongest financial quarter with $68 billion in revenue, driven by unprecedented demand for AI compute. CEO Jensen Huang announced an upbeat sales forecast of $78 billion for the next quarter, marking accelerating revenue growth. However, the company faces challenges with China export restrictions on H200 chips and mounting questions about the sustainability of Big Tech's massive AI spending.

Business48 sources

Nvidia posts $68B revenue quarter as AI chips demand accelerates, forecasts $78B ahead

Business48 sources

Amazon commits $12 billion to Louisiana AI data centers as Wall Street questions spending spree

Amazon announced a $12 billion investment to build AI data centers in northwestern Louisiana, creating 540 full-time jobs and 1,700 support roles. The move comes as Wall Street grows skeptical of the company's $200 billion capital expenditure plan for 2026, with shares dropping nine consecutive days and losing over $450 billion in market value following the earnings announcement.

Business4 sources

Amazon commits $12 billion to Louisiana AI data centers as Wall Street questions spending spree

Business4 sources

Big Tech AI investment surges to $650 billion as infrastructure spending reshapes the industry

Alphabet, Amazon, Meta, and Microsoft are collectively investing about $650 billion in AI infrastructure in 2026, marking a 60% jump from $410 billion in 2025. The spending spree is forcing these tech giants to slash stock buybacks to their lowest levels since 2019, while Nvidia reports record 75% gross margins fueling both opportunity and concern about sustainability.

Business8 sources

Big Tech AI investment surges to $650 billion as infrastructure spending reshapes the industry

Business8 sources

Meta slashes employee stock awards by 5% as Zuckerberg channels billions into AI infrastructure

Meta has cut employee stock awards by 5% for the second consecutive year, following a 10% reduction in 2025. The move frees up resources as CEO Mark Zuckerberg plans to spend up to $135 billion on AI infrastructure in 2026, including gigawatt-scale data centers and over 1.3 million Nvidia AI GPUs, while offering eye-watering compensation packages to secure top AI talent.

Business4 sources

Meta slashes employee stock awards by 5% as Zuckerberg channels billions into AI infrastructure

Business4 sources

Federal Reserve governors warn AI could trigger unemployment spike that monetary policy can't fix

Federal Reserve governors Lisa Cook and Michael Barr warn that AI adoption could drive unemployment higher in ways traditional monetary policy cannot address. Cook says job displacement may precede job creation as the economy faces its most significant work reorganization in generations, while Barr outlines three scenarios ranging from gradual adoption to a jobless boom leaving many workers essentially unemployable.

Policy9 sources

Federal Reserve governors warn AI could trigger unemployment spike that monetary policy can't fix

Policy9 sources

Meta strikes up to $100 billion AI chips deal with AMD, could acquire 10% stake in chipmaker

Meta has signed a massive multi-billion dollar AI chips deal with AMD that could see the social media giant acquire up to 10% of the chipmaker's stock. The agreement covers 6 gigawatts of custom computing power as Meta races to build AI infrastructure for what CEO Mark Zuckerberg calls 'personal superintelligence.' The chips-for-stock arrangement mirrors AMD's earlier deal with OpenAI and signals Big Tech's push to diversify away from Nvidia's dominance.

Technology49 sources

Meta strikes up to $100 billion AI chips deal with AMD, could acquire 10% stake in chipmaker

Technology49 sources

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