Data center obstacles

Developers of huge AI projects are having trouble finding the electricity to power the sites ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Top Stories Hack arrest: The FBI has arrested a person believed to have worked with the ShinyHunters hacking group, which is thought to be responsible for breaking into the US law enforcement agency’s computers. The hack exposed agents’ personal information. Empty shelves: Lumentum’s optical components used in cloud computing and high-speed data transmission are “completely sold out” through early 2029. The AI demand frenzy strikes again. IPO crash: Australian data center operator Firmus was set to make history in the country last week with a record-breaking initial public offering fueled by the artificial intelligence boom. About 48 hours later, the IPO became one of the biggest deal flops in recent memory. Must Reads OpenAI Expects $70 Billion in Annualized Revenue by End of 2026 OpenAI is expecting to reach or exceed $70 billion in annualized revenue by the end of the year, according to people familiar with the matter, driven largely by growth in its enterprise business. Old Downtown Chicago Trading Hub Is Reborn as an AI Data Center The former headquarters of Cboe Global Markets Inc. will soon house 33 megawatts of capacity and bring in rents much higher than the average Chicago downtown office building. Musk’s Bigger Test After Airwaves Is Building Costly Network SpaceX is closing in on a crucial swath of spectrum needed to turn Elon Musk’s rocket, satellite and AI company into a “major mobile carrier,” setting the stage for a clash with stalwarts like T-Mobile US Inc., Verizon Communications Inc. and AT&T Inc. Market Snapshot Space Exploration Technologies Corp $162.57 +1.2% Oracle Corp $141.40 +4.6% Microsoft Corp $535.07 +2.4% Market data as of 03:53 AM ET. Data is subject to provider delays. Your watchlist Beyond The Brief Data center providers such as Oracle are struggling to find enough electricity to power their projects as fast as needed by customers including OpenAI, Brody Ford reports in today’s Tech In Depth. Oracle is among those using creative solutions — such as using dozens of tanker trucks to deliver gas to the sites — to overcome what has become the biggest roadblock to AI data center construction, he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. This Week In Q&AI Mathematicians are reeling after OpenAI published AI-generated results last week for hundreds of complex math problems online, Rachel Metz reports in this week’s Q&AI. The academics are engaged in an intense debate about the future of their research at a moment when AI is rapidly advancing, potentially becoming more adept than humans at solving many problems, she writes. You’ve got questions about AI. We’ve got answers. Sign up for Bloomberg Technology’s weekly Q&AI newsletter. Before You Go... China’s Delivery Robots Are Learning to Tackle the Night Shift Autonomous vehicle companies believe there’s a huge market opportunity in delivering after dark, if the technical challenges can be overcome. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |