DATA CENTRES
Morgan Stanley sees agentic AI widening chip spending beyond graphics processors to CPUs
Morgan Stanley predicts that as AI evolves towards autonomous action, demand will shift towards CPUs and memory, reshaping data center buildouts. This transition is expected to drive significant growth in the data center CPU market, expanding AI investment beyond GPUs to a wider range of chipmakers and memory suppliers.
AGP’s Zerra DC bags Rs 1,200 crore loan for second Navi Mumbai data centre project
Zerra DC, the data center division of AGP, has recently clinched funding worth Rs. 1,200 crore from Tata Capital. This investment will be directed towards the construction of a cutting-edge 200 megawatt data center located in Navi Mumbai. Currently, there are ongoing negotiations to finalize partnerships with cloud hosting providers, further enhancing the project's scope.
Increase in renewable energy curbs emissions growth in 2025, IEA says
Global emissions growth slowed in 2025. Solar power expansion in developing nations helped balance emissions increases in advanced economies. India saw emissions fall for the first time in normal economic conditions. China also recorded lower emissions due to leading solar capacity additions. The United States experienced an emissions rise.
Public sector banks told to take quantum leap in encryption for added security
Indian banks are preparing for a quantum computing future. The finance ministry has asked public sector banks to explore quantum-resistant encryption. This move aims to secure financial systems against future threats. Experts warn quantum computers could break current encryption. India's National Quantum Mission is also building a quantum communication network.
EU denies bowing to tech lobby on data centre green impact
The European Commission denies allegations of copying industry lobbyists' proposals for data centre environmental impact rules. A probe suggests tech giants like Microsoft, Amazon, Google, and Meta influenced a decision to keep individual data centre information secret. The Commission admits using stakeholder advice but insists the core intention of respecting business secrets remains. Aggregated national data is now publicly available.
Siemens Healthineers eyes collaboration with Karnataka on life sciences, healthtech centres of excellence: Priyank Kharge
Siemens Healthineers is exploring a collaboration with the Karnataka government to bolster upcoming centers of excellence in life sciences, healthtech, and medical products. Discussions focused on skilling, joint incubation, and partnerships to align with the state's deeptech initiatives, further strengthening the company's presence in Bengaluru.
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Stellantis, Microsoft sign five-year partnership for AI push
Automaker Stellantis partners with Microsoft for five years. They will jointly develop artificial intelligence and cybersecurity. This collaboration aims to boost Stellantis' technology efforts. The partnership will also modernize Stellantis' IT infrastructure. This move helps Stellantis compete with tech-focused rivals. It focuses on enhancing vehicle features and customer experiences.
AI demand drives chipmaker TSMC's net profit to fresh record
Governments and tech giants are pouring hundreds of billions of dollars into building new data centres that can run and train AI tools such as chatbots, image generators and agents that can execute tasks. TSMC said its net profit for the first quarter of 2026 rose a whopping 58.3% from a year ago to NT$572.5 billion ($18 billion).
Allbirds shares jump over 400% on plans to pivot to AI from sneakers
Footwear maker Allbirds shares have surged dramatically. The company is now raising capital and pivoting towards AI computing infrastructure. Allbirds plans to rebrand as NewBird AI and shift focus to offering cloud computing capacity and AI services. This move comes amid strong investor interest in AI-related stocks and the supporting data-centre infrastructure.
Maine may become first US state to pause new data centres
Maine is poised to become the first US state to pause new data centre construction. Lawmakers approved a bill that requires a moratorium on large power-hungry facilities. This move comes amid growing concerns nationwide about their impact on energy bills and the environment. The bill now awaits the Governor's final approval.
NAACP sues Musk's xAI, alleging illegal operation of gas turbines
The NAACP has sued xAI and its subsidiary MZX Tech, alleging they illegally operated gas turbines to power a data centre in Mississippi without necessary air permits. The civil rights group claims this poses a health risk to local residents by emitting pollutants and known carcinogens, violating the Clean Air Act.
MFs power up local themes, banking on valuation reset
Indian mutual funds bought more shares in March as the Nifty index fell. They focused on banks and financial companies, seeing better value. Power sector stocks also saw increased investment. This shows a move towards domestic growth areas. Concerns about global conflicts are influencing these investment choices.
Power equipment startup Ayr Energy in talks to raise $25-30 million: sources
US-based Ayr Energy is in talks to raise $25–30 million from Energy Impact Partners, which could value the startup at around $200 million. Founded by former Zetwerk and Ather Energy executive Anirudh Reddy, the company is betting on rising power infrastructure demand driven by artificial intelligence workloads and data centres.
Oracle shares gain 4%, extend rally after AI-driven power deal with Bloom Energy
Oracle shares extended gains after a major energy deal with Bloom Energy to secure 2.8 GW of fuel cell capacity for AI-driven data centres. The partnership highlights rising power demands from AI infrastructure and strengthens Oracle’s cloud expansion strategy.
French group Veolia aims $1.2 billion in revenue from data centres, chips by 2030
The tech sector's expansion of data centres, driven by surging demand for AI following the widespread adoption of ChatGPT, has strained power supplies and raised concerns over global grid capacity.
HSBC chair says Middle East peace deal needed to restore global energy flows
HSBC Chair Brendan Nelson stated that a Middle East peace deal is crucial for restoring global energy flows and mitigating inflation risks. Speaking at an investment summit, Nelson indicated that persistent uncertainty will keep energy prices elevated, impacting the global economy.
ET Graphics: Hiring slows as money flows to build AI infra
Tech companies are reallocating billions towards data centers and compute power, prioritizing AI infrastructure over personnel. This strategic shift is already leading to job cuts and a slowdown in hiring, with analysts predicting a similar trend across Indian IT services and SaaS firms as AI investments take precedence.
Gulf storm: India should be evaluated as a strategic locational hedge for co-sharing GCC data centre infra
Recent attacks on cloud data centers in West Asia highlight a new geopolitical risk. Hyperscale providers are now reassessing their global infrastructure. India offers a secure and stable environment for data center expansion. Its robust policies and existing ties with the Gulf region make it a natural strategic partner.
RMZ to invest USD 35bn to build digital infra, housing, commercial projects, exploring IPO
Realty firm RMZ on Monday said it plans to invest USD 35 billion over the next five years to develop data centres, AI factories, commercial assets and housing projects and is also considering launching an Initial Public Offering (IPO).
The Rs 1 crore sweet spot: Prestige Group's Irfan Razack says housing demand shows no signs of letting up
India's residential real estate market is defying the gloom. Prestige Group crossed the ₹30,000 crore mark in housing sales for the full year, well ahead of its own guidance, and its chairman says the demand engine is still running hot.
Supreme Court issues notice to Centre on PIL challenging provisions of digital personal data protection law
The Supreme Court has asked the Centre to respond to a petition. The petition challenges parts of the Digital Personal Data Protection Act, 2023. It claims these parts weaken transparency under the Right to Information Act, 2005. The court also ordered Rajasthan to be made a party.
India’s data centre market to reach $22 billion by 2030
India's data centre market is set for massive growth, expected to reach 22 billion dollars by 2030. This expansion is fueled by cloud computing and artificial intelligence. Significant investments are flowing into the sector, with foreign investors leading the way. Government incentives and cost advantages are making India a prime location for data infrastructure development.
Google secures discom licence for Vizag data centre hub
Google has received a power distribution license for its upcoming 1 GW data centre hub in Visakhapatnam. This is a significant step for the $15 billion project, the largest single foreign direct investment in India. The license allows Google to directly manage its electricity supply.
OpenAI pauses UK data centre project over regulation, costs
OpenAI, the creator of ChatGPT, has halted its major data centre project in Britain. Unfavourable regulations and high energy costs are cited as reasons. This decision impacts the UK government's goal to become a global AI hub. OpenAI plans to resume the project when conditions improve for sustained investment.
ESR secures $850 million from existing shareholders to fund Asia growth
Asia-Pacific-focused asset owner and manager ESR said on Thursday it has secured $850 million in fresh equity from existing shareholders to fund growth in its logistics real estate and data centre businesses.
AI startup Nava raises $22 million in round led by Greenoaks Capital
RTP Global and Unicorn India Ventures participated in the round. The company will use the fresh capital to expand its GPU compute and AI data centre capabilities and hire talent. Nava, which is expanding beyond its earlier software-led GPU cloud offering to a vertically integrated model, aims to target enterprises building AI models and applications, offering infrastructure through models such as GPU-as-a-service and bare-metal compute.
TikTok to build a second billion-euro data centre in Finland
TikTok plans to invest 1 billion euros ($1.16 billion) to build a second data centre in Finland in less than a year as it moves data storage for European users to the continent, company officials said on Wednesday.
Investors press Amazon, Microsoft and Google on water, power use in US data centres
Big tech companies Amazon, Microsoft, and Google are facing pressure from investors. Shareholders want more details on water usage and conservation for new data centers. These facilities require significant water, and companies are being asked to provide clearer data. This comes as some data centre construction projects have been halted due to community opposition. Investors seek transparency on environmental impact.
$15 billion investment: Google to kick off data centre project on April 28
So far, Google and its subsidiaries have data centres in 11 countries - the United States, Taiwan, Japan, Singapore, Ireland, the Netherlands, Denmark, Finland, Germany, Belgium, and Chile, spread across 29 geographic locations. The data centre cluster in Visakhapatnam is expected to be Asia's largest.
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