Qualcomm announced an AI chip agreement with Amazon on September 8 to provide custom AI inference chips for Amazon Web Services, while also granting Amazon a right to purchase approximately $4 billion in Qualcomm stock. The deal pushed Qualcomm shares up about 10 percent in after-hours trading, underscoring the intensifying AI computing arms race.
Chip giant Nvidia announced a $100 billion investment to build a hyperscale data center in Ohio in partnership with OpenAI, marking the largest single investment in AI infrastructure in history.
Crypto investment firm Galaxy Digital has acquired 500 acres of land in McGregor, Texas, for its second AI data center campus. The campus is expected to generate at least $130 million in local tax revenue.
[Brief] Microsoft Announces 2GW Data Center Campus in Texas Microsoft announced on June 22 it will build a new data center campus in Pecos, Texas, adding approximately 2GW of global data center capacity. This is the company’s largest single expansion in history, with tens of billions of dollars invested over five to seven years. Peak construction is expected to support over 6,000 construction jobs and create hundreds of permanent operations positions. ...
The U.S. Department of Justice has intervened in a pollution lawsuit against Elon Musk’s xAI, citing national security concerns to block the case from proceeding. The move has sparked fierce debate over the balance between security and public health.
[Brief] Hut 8 Shares Surge Over 30 Percent on 9.8 Billion Dollar AI Data Center Lease According to CoinDesk, Bitcoin miner Hut 8 announced a long-term hyperscale AI infrastructure contract in Texas, including options that could bring the total value to $9.8 billion. Following the news, Hut 8 shares surged over 30 percent. The company is accelerating its transition from traditional mining operations to AI infrastructure. Source: CoinDesk
Hut 8 Secures Massive AI Data Center Lease Bitcoin mining company Hut 8 shares jumped over 30% after signing a long-term hyperscale AI data center lease built to NVIDIA specifications in Texas, with a total potential value of $9.8 billion. This marks Hut 8’s significant pivot from crypto mining to AI infrastructure.
AMD posts record Q1 2026 revenue as AI accelerator demand surges, continuing to challenge Nvidia’s dominance in the data center AI chip market.
Google plans to build its first AI campus outside the United States in South Korea, signing a cooperation agreement with the Korean government in a landmark move for Asian AI infrastructure investment.