AI investment
DataVita’s £25M loan supports construction at its Glasgow AI data centre
DataVita has secured a £25 million ($34 million) loan from OakNorth to expand its flagship data centre near Glasgow and add new AI-ready capacity for US AI cloud provider CoreWeave.... Read More
ECB economists warns AI boom could still end in a correction
The current AI-driven stock market boom could still end in a correction, even if investor enthusiasm proves rational and the technology delivers on expectations, according to analysis published by five... Read More
Anthropic’s IPO valuation is being built on $190bn revenue expectations
Anthropic’s prospective IPO valuation is being shaped by revenue expectations extending to 2028, according to Reuters, as investors attempt to price one of the fastest-growing companies in the AI market.... Read More
Microsoft AI Spending Surges as Cloud Growth Slows in Latest Earnings
During its quarterly results call, Microsoft revealed that it spent more than £25.6 billion ($34.9 billion) in capital expenditures in Q1, largely due to the global artificial intelligence (AI) infrastructure... Read More
OpenAI Links Up With Amazon in $38 Billion Cloud Services Deal
A major seven-year agreement has been signed between OpenAI and Amazon that will see the ChatGPT maker gain access to AWS’s expansive infrastructure. The £28.8 billion ($38 billion) strategic partnership... Read More