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Oracle trumpets $6M private data center amid AI spending blitz
Oracle plans a $35 billion investment to expand cloud and data center infrastructure, driven by a 1,529% revenue growth from AI partnerships with major companies.
Summary by ciodive.com
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US data center construction spending reaches record-breaking high
The AI race is fueling a construction boom in the US. Getty ImagesData center construction spend hit $40 billion annually in June.That's a 30% increase from the year before, a new Bank of America Global Research report says.Big Tech is fueling the spending boom, with plans that could total more than $1 trillion by 2028.Data center construction spend in the US hit a record high of $40 billion a year in June, Bank of America Global Research said i…
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Total News Sources2
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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