ECONOMIC IMPACT OF DATA CENTRES
Bad AI cholesterol vs good AI cholesterol
The Magnificent 7 of Big Tech has recently experienced a staggering drop, losing over $1 trillion in collective market value. This decline is fueled by apprehensions regarding spending on artificial intelligence and rampant inflation. As challenges loom for AI investments—particularly in legal and borrowing contexts—investors must now navigate a landscape where distinguishing between thriving and failing AI projects is crucial.
Environmental groups embrace AI, even as they warn of data center impacts
Environmental organisations are increasingly leveraging artificial intelligence to enhance conservation efforts and analyze ecological data. Many express concerns about the environmental impact caused by data centers that support AI technologies. The energy and water consumption of these centers is projected to double by 2030, raising emissions concerns.
Equinix seeking land for India data centres: CEO
The world’s largest data centre operator by footprint, valued at nearly $100 billion, has invested $365 million in India and sees significant opportunities in AI inference, the process of using trained models to generate responses and run business applications. Such workloads require proximity to enterprise data, users and networks.
Federal Reserve rate hike bets strengthen as US jobs growth beats estimates
Stronger than expected US jobs growth has revived expectations of a December Federal Reserve rate hike, with employers adding 165,000 jobs in October against estimates of 65,000. The unemployment rate fell to 4.1%, while markets raised the probability of a quarter point hike to 85% and brought forward expectations of another increase.
Activists breach Microsoft data centre construction site as protests spread in Europe
Activist groups have announced actions in 16 countries on Friday and Saturday, according to the "Stop Dirty Data Centres" coalition, which is rallying environmental groups and digital rights campaigns behind calls to pause large-scale construction.
D-St defies Asia rout! Sensex surges 1,500 pts, Nifty tops 24,900 as Diwali fireworks continue. What's ahead?
The Indian stock market defied global trends by experiencing gains, with Sensex and Nifty both rising up to 1% today. While international markets struggled, Indian equities benefitted from significant foreign investments. Mahindra & Mahindra led the charge in share price increases, although Nifty Smallcap and Midcap trended downwards. Analysts foresee ongoing strength in large-cap stocks, supported by robust earnings, and technical insights that may steer upcoming trading tactics.
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US stocks today: Dow rallies 1,500 pts, S&P, Nasdaq over 1% as Democrats win midterm elections
Wall Street experienced a significant rally after the Democrats gained control of Congress, which eased political uncertainties. Investor sentiment was boosted, although data centre stocks faced a selloff due to potential scrutiny. Major tech companies like Amazon and Meta Platforms rose in value while AI infrastructure providers struggled. A decline in oil prices further contributed to market optimism regarding energy and clean technologies.
Bloodbath in Nasdaq, Kospi and Nikkei but why Nifty is an oasis of peace amid global rout
A global AI-led tech selloff has battered US and Asian markets, wiping out $3 trillion from S&P 500 companies. However, Indian equities are showing relative resilience as investors rotate away from crowded AI trades. Market experts believe India's lower exposure to the AI boom, attractive large-cap valuations and renewed foreign inflows could help it weather the global rout.
Why did US stocks crash? Trump blames Democrats as AI regulation fears rattle markets
Donald Trump blamed the Democrats' midterm election gains for Wall Street's sharp selloff, as concerns over potential curbs on AI investments rattled technology stocks. Uncertainty surrounding data centre expansion and regulatory scrutiny added to investor anxiety.
US midterm results threaten data center boom as AI backlash grows
US midterm election results have raised fresh concerns over the future of America's data centre boom, with Democratic victories in Texas and Georgia strengthening opposition to new projects. Investors fear tighter regulations, construction moratoriums and reduced tax incentives could disrupt AI infrastructure spending, putting nearly 45% of planned US capacity at risk.
European shares rise as miners rally, tech stocks lag
European shares opened higher, led by mining stocks, as strong earnings from ArcelorMittal and easing oil prices supported sentiment. Technology stocks declined amid concerns over US policy scrutiny of AI infrastructure, while Rheinmetall plunged after cutting its sales forecast.
Trump-linked crypto assets slip up to 16%, AI data centre stocks slide after Democrats' US midterm win
Trump-linked cryptocurrencies tumbled up to 16%, while shares of Bitcoin miners transitioning into AI data centre businesses slumped as Democrats' strong midterm performance rattled investor sentiment. Concerns over tighter regulations, potential construction delays in Texas and rising financing costs weighed on companies betting on the AI infrastructure boom.
Google unveils $15 billion data centre investment in Malaysia
Google announced plans on Wednesday to invest $15 billion in Malaysia over the next two years to build data centres and other infrastructure as demand booms for artificial intelligence services. It said the $15 billion investment will be made "over the next two years (2027 to 2028)", expanding on a $2 billion investment announced in 2024.
Australia data centre inquiry finds inadequate checks, stops short of moratorium
An inquiry into data centres by Australia's most populous state found approvals failed to consider the cumulative effect on resources and infrastructure but stopped short of calling for a moratorium, prompting a blistering rebuke from its chair.
Democratic victories threaten to slow US data-centre expansion, ease bond yields: ICICI Bank report
The US midterm election results have put 141 GW of planned data-centre capacity at risk of tighter policy restrictions, potentially slowing AI infrastructure investments, while supporting US Treasury bonds, according to an ICICI Bank report.
KOSPI crashes 4% as US midterm shock rattles Asian markets
Oil prices and stock markets reacted significantly to the recent midterm election victories by Democrats in the United States. Asian chip stocks declined alongside the dollar, indicating market volatility following the elections. Lower oil prices have resulted in a bond rally, subsequently reducing yield rates. Anticipation of increased support for renewables is driving optimism in solar supply chain stocks.
Why did the Dow Jones jump 1,250 points today after Democrats won Congress while Tesla, SpaceX and AI stocks struggled? Will a Democratic Congress slow the AI boom?
Wall Street took the election result well on Wednesday, yet some names missed the rally. Democrats won Congress, and the Dow climbed 1,245 points, or 2.40% by 10:44 am ET. The S&P 500 rose 1.52% and the Nasdaq gained 1.82%. But Tesla, SpaceX and data centre stocks fell, as investors worry tighter rules may slow the AI boom.
US stock market stages big rally today: Why is Dow Jones surging? Dow jumps 1,100 points as S&P 500 and Nasdaq turn green, with healthcare stocks at the centre
US stock market today: US stocks rallied sharply on Wednesday after Democrats won control of Congress. The Dow Jones jumped 1,143 points, while the S&P 500 and Nasdaq also posted strong gains. Healthcare stocks attracted fresh buying, with Molina Healthcare, Centene and HCA Healthcare rising around 6% to 7%. Amazon and solar stocks also climbed, while Nvidia shares moved lower.
Texas and Georgia host the AI data-centre boom and both swung blue; AI cloud stocks fell and solar jumped up to 10% as the fight over who pays for power begins
Data centre stocks fall after Democrats win Congress, but solar shares jump 10% as US election results shake up energy outlook. Texas and Georgia are two important locations for the industry. Both elected Democratic candidates in the midterm elections. Democrats also made gains in traditionally Republican areas, including Kansas.
US Midterms: Exit polls reveal voter dissatisfaction with Trump administration as economic concerns dominate 2026 elections
Dissatisfaction with the country's direction is influencing voter sentiment ahead of the 2026 midterm elections. Recent exit polls indicate three-quarters of voters feel unhappy with the current state of affairs. Economic concerns are a major source of voter frustration, especially regarding financial conditions. Democratic voters show particular anger about these issues, reflecting a broader mood of discontent. Overall, this growing economic dissatisfaction is shaping the upcoming electoral landscape.
India's data centre capacity set for 5x surge by 2030
By March 2030, India’s data centre capacity is projected to soar to 7.5 gigawatts, fueled by escalating demand from global hyperscalers and the emergence of generative artificial intelligence. However, challenges such as power infrastructure and project execution timing loom large. To mitigate these risks, pre-commitments and long-term contracts are essential, alongside the industry's flexibility to adapt to changing computing needs, which will dictate its future profitability.
NTT Data to nearly triple Mangaluru workforce to over 2,500 by 2027
The company entered Mangaluru through its acquisition of local cloud engineering company Niveus Solutions, and is looking to use the city as a base for developing specialised technology capabilities. Its focus areas include healthcare and life sciences, automotive, manufacturing, high technology, AI and data.
STT Global’s India biz on the block; micro occasions power qcomm
KKR, Singtel, and the Tatas are preparing to sell STT GDC India, a major data centre platform. This and more in today’s ETtech Top 5.
Goldman Sachs expects Bank of England to raise rates again in February
Goldman Sachs has revised its outlook on the Bank of England's interest rates, now predicting a possible quarter-point rise in November's monetary policy meeting. This would be the first increase since 2023, influenced by climbing energy costs and robust economic growth. Although immediate policy shifts are unlikely, the Bank will vigilantly observe inflation risks, maintaining rates at 4.25% through mid-next year.
KKR, Singtel and Tata Communications put data centre company STT GDC India up for sale at over $5.5 billion
In a significant move, KKR, Singtel, and Tata Communications are gearing up to offload STT Global Data Centres India, anticipating a valuation that could surpass $5.5 billion. This initiative underscores their intent to bolster capital and refine strategic objectives. With 34 data centres in operation, STT GDC India stands as a leading co-location service provider, well-poised to capitalize on the escalating appetite for data infrastructure amidst evolving tech trends.
Australian outback data centre pulls timeline after regulator stalls
Startup Energy North, which says it has finance lined up for a sprawling gas and solar-powered data centre on a cattle ranch in the country's remote north, 683 km (424 miles) from the nearest city, had given a "first power" date of June 28, 2028, in regulatory filings four months ago.
See data centres less as energy-sucking private warehouses, and more as quasi-public utilities
We need data centres. They run far more than ChatGPT. Search, banking, streaming, social networks, cloud software, government services, hospitals and almost every company's digital operations depend on them. AI simply raises the requirement dramatically. Google says its Vizag hub will provide new subsea connectivity for India. IEA says electricity use by AI-focused data centres jumped 50% in 2025. A country without serious compute infrastructure risks becoming a consumer, rather than a producer, of the AI revolution.
STMicro nearly doubles quarterly profit, sees Q4 sales exceeding $4 billion
STMicroelectronics reported a third-quarter operating profit above market expectations on Thursday, as demand from AI data centres and satellite operators added to a broader recovery in the chipmaker's markets.
TPG pursues $5 billion acquisition of British data centre group Ark: FT
Global alternative asset manager TPG is in talks to buy British data centre group Ark from Elliott Investment Management at a valuation of about $5 billion, the Financial Times reported on Wednesday, citing people familiar with the matter.
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