Hacker NewsFeb 19, 2025
Malaysia is betting on data centers to boost its economy
https://apnews.com/article/malaysia-johor-data-centers-energy-electricity-power-cfb087f755d3e203a347463af229e88d
#ycombinator #Data_management_and_storage #Malaysia #Malaysia_government #Anwar_Ibrahim #Joe_Biden #Asia #Asia_Pacific #Alex_de_Vries #Donald_Trump #Climate_and_environment #Equinix #Inc #Cushman_Wakefield_Plc #Business #NVIDIA_Corp #United_States_government #Francis_Hutchinson #Sofia_Scasserra #Microsoft_Corp #Climate
Malaysia is betting on data centers to boost its economy. But experts warn they come at a price.

Johor in Malaysia is being transformed by the construction of giant data centers. The government hopes that the billions in investment as part of a global artificial intelligence boom will help it get rich by modernizing its economy. But experts warn that data centers come at a price: They guzzle land, water and power and offer few direct jobs in return. Some experts say that they're looking to build in warmer countries, despite higher power and water consumption for cooling, because they're less welcome in cooler, richer countries. Others warned of digital colonialism, where rich tech companies get richer but leave little behind.

AP News
 Hacker NewsJan 22, 2025
Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers
https://apnews.com/article/trump-ai-openai-oracle-softbank-son-altman-ellison-be261f8a8ee07a0623d4170397348c41
#ycombinator #Generative_AI #OpenAI_Inc #Oracle_Corp #Donald_Trump #Joe_Biden #Larry_Ellison #Microsoft_Corp #Masayoshi_Son #Artificial_intelligence #Sam_Altman #Elon_Musk #Data_management_and_storage #District_of_Columbia #General_news #TX_State_Wire #Washington_news #Technology #Business #SoftBank_Corp #Texas #Politics #NVIDIA_Corp
President Trump highlights investing $500 billion in 'Stargate' AI project

President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.

AP News
 Hacker NewsJan 21, 2025
Stargate Project: SoftBank, OpenAI and Oracle to invest up to $500B in AI
https://apnews.com/article/trump-ai-openai-oracle-softbank-son-altman-ellison-be261f8a8ee07a0623d4170397348c41
#ycombinator #Generative_AI #OpenAI_Inc #Oracle_Corp #Donald_Trump #Joe_Biden #Larry_Ellison #Microsoft_Corp #Masayoshi_Son #Artificial_intelligence #Sam_Altman #Elon_Musk #Data_management_and_storage #District_of_Columbia #General_news #TX_State_Wire #Washington_news #Technology #Business #SoftBank_Corp #Texas #Politics #NVIDIA_Corp
President Trump highlights investing $500 billion in 'Stargate' AI project

President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.

AP News