📅 - The artificial intelligence company founded by Elon Musk, xAI, has closed a funding round of unprecedented scale, raising $20 billion in a transaction led by NVIDIA. The round values the company at close to $230 billion, positioning xAI among the most valuable private technology companies in the world and firmly placing it alongside OpenAI and Anthropic in the intensifying race to dominate foundational AI models.
Sources familiar with the deal say xAI initially set out to raise $15 billion but ultimately expanded the round after overwhelming investor demand pushed commitments well beyond the original target. Even by Silicon Valley standards, the pace of xAI's ascent is notable. Founded in [...][... Check source for end of article ...]
📅 - Modine Shares Slide After NVIDIA Questions Chiller Needs - The Modine Manufacturing Company stock (MOD) came under pressure this week after comments from Jensen Huang, chief executive of NVIDIA, sparked renewed debate about the future of data center cooling. Investors reacted sharply to Huang's suggestion that NVIDIA's next-generation Rubin AI platform can operate without traditional water chillers, raising concerns about long-term demand for certain types of thermal management infrastructure.
Modine's fell 7.46 percent on Tuesday to $129.97, following a volatile start to the week. On Monday, shares had dropped as much as 21 percent to $111.21 before rebounding to close at $140.44. The moves highlight how closely Modine's valuation has become [...]
📅 - Park Place Completes Merger with Service Express - Park Place Technologies has completed its previously announced merger with Service Express, creating a combined organization positioned as a global provider of data center and IT infrastructure services. The newly merged company will operate under the Park Place Technologies name and bring together more than 3,000 employees serving over 20,000 customers across North America, Europe, Asia, and South America.
The combined entity will be headquartered in Cleveland, Ohio, while maintaining a significant operational presence in Grand Rapids, Michigan, the longtime base of Service Express.
Chris Adams will serve as Chief Executive Officer of Park Place Technologies and as a member of its Board [...]
📅 - Vantage Taps Liberty for 1GW AI Data Center Power Buildout - Global hyperscale data center operator Vantage Data Centers has entered into a strategic partnership with Liberty Energy to develop and operate up to one gigawatt of utility-scale power solutions designed to support next-generation cloud and AI data center campuses across North America.
The collaboration reflects growing pressure on both energy and digital infrastructure as AI workloads drive unprecedented demand for reliable, high-density computing environments.
Under the agreement, Liberty's subsidiary Liberty Power Innovations will own and operate the power assets, providing long-term power services directly aligned with the needs of Vantage's hyperscale customers. The partnership [...]
📅 - Nostrum Taps JLL to Advance AI-Ready Data Centers in Spain - Nostrum Data Centers, the digital infrastructure arm of Nostrum Group, has engaged JLL to support the advancement of its AI-ready data center platform in Spain, a move that underscores the country's growing ambitions to become a next-generation connectivity hub for Europe and beyond.
By tapping into JLL's global data center advisory expertise, Nostrum aims to sharpen its customer engagement strategy while accelerating the commercial positioning of its large-scale, sustainability-focused developments.
The collaboration follows Nostrum Data Centers' announcement in December 2025 that its initial portfolio of facilities will be available for customers in 2027, with power and land already [...]
📅 - JLL Sees Global Data Center Capacity Nearly Doubling by 2030 - The global data center industry is entering a new phase of accelerated expansion, driven primarily by the rapid rise of artificial intelligence workloads and unprecedented levels of capital deployment. According to the 2026 Global Data Center Outlook published by JLL, total installed data center capacity worldwide is projected to nearly double from roughly 103 gigawatts today to around 200 gigawatts by 2030.
The report characterizes the coming years as a structural growth cycle rather than a speculative surge, arguing that real estate fundamentals remain strong and do not point to a bubble despite the scale and speed of expansion.
At the heart of this growth is AI. JLL estimates that by [...]
📅 - KAYTUS Completes 100-Cabinet Liquid-Cooled Facility - Up to 80% quicker than conventional deployment models, KAYTUS just finished delivering a 100-cabinet, high-density liquid-cooled AI data center in Europe in just four months. Professional performance testing and tuning resulted in a 20% improvement in overall system performance, allowing for on-site optimization and customisation to launch the firm with stability and high efficiency. In addition to meeting pressing deadlines for AI infrastructure, this expedited and reliable delivery offers a scalable blueprint for the deployment of high-density liquid-cooled clusters throughout Europe.
The client is a European infrastructure unicorn that provides networking, compute, and storage services [...]