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ABB Posts Record $12 Billion Orders as AI Data Centre Boom Drives Power Distribution Demand

ABB reported record quarterly orders of $12 billion, driven by surging demand for power distribution and cooling systems in AI data centres. Despite strong results, shares fell 5.5% amid broader AI sector concerns. The Swiss engineering group announced a $495 million investment in a joint venture with Mitsubishi Electric to expand its low-voltage power distribution business in Asia-Pacific markets.

Business3 sources

ABB Posts Record $12 Billion Orders as AI Data Centre Boom Drives Power Distribution Demand

Business3 sources

Elice IPO Crashes 32% on Debut as AI Infrastructure Stocks Face Growing Investor Skepticism

South Korean AI services firm Elice plummeted 32% in its market debut despite raising $150 million and being 388 times oversubscribed. The collapse signals a dramatic shift in investor sentiment toward AI infrastructure as concerns mount over massive AI spending, elevated borrowing costs, and uncertain returns on AI cloud services investments.

Business8 sources

Elice IPO Crashes 32% on Debut as AI Infrastructure Stocks Face Growing Investor Skepticism

Business8 sources

Anthropic Secures First Canadian Data Centre Deal with EverWind in Nova Scotia

Anthropic has signed its first Canadian data centre lease with EverWind at Point Tupper, Nova Scotia, as part of a C$10 billion investment combining AI computing infrastructure and renewable energy. The deal expands capacity for the Claude AI assistant while Anthropic spent $7.33 billion on infrastructure last year and prepares for a potential $2 trillion US public listing.

Business2 sources

Anthropic Secures First Canadian Data Centre Deal with EverWind in Nova Scotia

Business2 sources

Anthropic Co-Founder Says AI Could Boost US GDP to $44 Trillion by 2030

Anthropic co-founder Jack Clark predicts AI could expand US economic output from $30 trillion to $44 trillion by 2030, representing nearly 50% growth. Speaking at IMF and World Bank meetings in Bangkok, Clark warned that rapid AI advancement demands urgent global cooperation on regulations while raising questions about equitable access to AI tools and infrastructure.

Business3 sources

Anthropic Co-Founder Says AI Could Boost US GDP to $44 Trillion by 2030

Business3 sources

AI Boom Fuels Inflation Concerns as Central Bankers Consider Higher Interest Rates

Central bankers worldwide acknowledge AI investments are driving inflation higher, with Goldman Sachs estimating 0.5 percentage points added to US annual inflation. Federal Reserve Chair Kevin Warsh and global policymakers at IMF-World Bank meetings warn the technology creates demand shocks before delivering promised productivity gains, potentially forcing interest rate increases that could hurt everyone except AI companies.

Business6 sources

AI Boom Fuels Inflation Concerns as Central Bankers Consider Higher Interest Rates

Business6 sources

AI Infrastructure Boom Hits $10 Trillion Wall as Debt-Fueled Growth Faces Reality Check

The AI infrastructure boom is unraveling as data centre companies grapple with mounting debt, project delays, and investor skepticism. CoreWeave's bonds crashed while NextDC shares plunged 40%, exposing the fragile economics behind the $10 trillion buildout that promised to power the AI revolution.

Business23 sources

AI Infrastructure Boom Hits $10 Trillion Wall as Debt-Fueled Growth Faces Reality Check

Business23 sources

Schneider Electric Raises 2026 Targets Again as AI Data Centers Drive Triple-Digit Demand Growth

Schneider Electric has raised its 2026 profit and revenue targets for the second time this year, driven by booming data centre demand. The French industrial group now expects adjusted EBITDA growth of 18-21% and organic revenue growth of 12-14%, fueled by triple-digit demand growth from AI data centers and hyperscalers.

Business2 sources

Schneider Electric Raises 2026 Targets Again as AI Data Centers Drive Triple-Digit Demand Growth

Business2 sources

Fed Chair Kevin Warsh: AI Will Transform Economy But Warns of Bumpy Transition at IMF Meetings

Federal Reserve Chairman Kevin Warsh called artificial intelligence the most consequential change to the US and global economy in his lifetime during IMF-World Bank Annual Meetings in Bangkok. While optimistic about AI's potential to boost productivity and wealth, he warned the transition will be very bumpy with uncertain near-term impacts on jobs and inflation.

Policy6 sources

Fed Chair Kevin Warsh: AI Will Transform Economy But Warns of Bumpy Transition at IMF Meetings

Policy6 sources

TSMC in Talks for Texas Expansion as AI Chip Demand Outpaces Supply by Wide Margin

Taiwan Semiconductor Manufacturing Co. confirmed it's evaluating a Texas expansion and discussing participation in Elon Musk's proposed Terafab chip manufacturing complex. The world's largest chipmaker reported record $24 billion quarterly profits as AI market demand continues to far exceed its current production capacity.

Business2 sources

TSMC in Talks for Texas Expansion as AI Chip Demand Outpaces Supply by Wide Margin

Business2 sources

Larry Fink warns halting AI data centers could push U.S. into recession

BlackRock CEO Larry Fink issued a stark warning that blocking AI data center construction could tip the U.S. into recession, citing massive infrastructure spending that now underpins economic growth. His comments come as local opposition intensifies ahead of midterm elections, with communities raising concerns over electricity demands and environmental impact.

Business3 sources

Larry Fink warns halting AI data centers could push U.S. into recession

Business3 sources

AI Credit Default Swaps Surge to Record Highs as CoreWeave Debt Concerns Trigger Market Jitters

Credit default swap spreads for US tech companies reached unprecedented levels as investor confidence in AI infrastructure wavers. Oracle's CDS hit 288 basis points while CoreWeave exceeded 1,000 bps, reflecting growing doubts about whether heavily indebted data centers can generate returns fast enough to service mounting interest costs amid rising rates.

Business4 sources

AI Credit Default Swaps Surge to Record Highs as CoreWeave Debt Concerns Trigger Market Jitters

Business4 sources

Meta Faces Senate Investigation Over $6.6 Billion AI Data Center Tax Credits Claim

Senate Democrats are demanding answers from Meta CEO Mark Zuckerberg after the company claimed $6.6 billion in federal research and development tax credits for AI data centers between 2023-2025. Senators question whether Meta characterized commercial infrastructure as experimental pilot models to avoid taxes, potentially violating tax law.

Policy2 sources

Meta Faces Senate Investigation Over $6.6 Billion AI Data Center Tax Credits Claim

Policy2 sources

Salience Labs Raises $125M for Optical AI Switches to Eliminate Data Center Bottlenecks

Salience Labs secured $125M in Series B funding led by Bullhound Capital, with AMD Ventures and Intel Capital participating. The Oxfordshire-based photonics company unveiled a 64-port all-optical photonic switch at ECOC 2026 conference, targeting the networking bottlenecks in AI data centers that plague GPU clusters running massive workloads.

Technology2 sources

Salience Labs Raises $125M for Optical AI Switches to Eliminate Data Center Bottlenecks

Technology2 sources

AI Infrastructure Spending Forecast to Outstrip Revenue by $5 Trillion, Gartner Warns

Gartner projects AI providers will spend $7 trillion on infrastructure by 2030 but generate only $3.6 trillion in revenue—a massive shortfall threatening 80% of neocloud operators with consolidation. The report warns of potential capital write-downs exceeding $4 trillion by 2032.

Business9 sources

AI Infrastructure Spending Forecast to Outstrip Revenue by $5 Trillion, Gartner Warns

Business9 sources

EU AI Policy Takes Cues from Ireland as Bloc Races to Match US and China in AI Adoption

The EU is accelerating its AI push by following Ireland's playbook, hosting an international AI summit in Dublin with Google DeepMind and Microsoft leaders. But Ireland's experience reveals critical challenges: data centers consume 23% of national electricity while employing only 3,300 people, sparking local opposition and questions about infrastructure strain versus economic benefits.

Policy2 sources

EU AI Policy Takes Cues from Ireland as Bloc Races to Match US and China in AI Adoption

Policy2 sources

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