DCD Magazine #62 - The coming wave
Will compute at sea sink or swim?
News - North America, BlackRock
The latest news from the AI, data center, telco, chip, and cloud sector
DCD Magazine #62 out now
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Nvidia partners with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR for $500bn financing program
Chip company aims to 'secure capital at attractive rates' for Nvidia customers
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Meta and BlackRock team up for data center in El Paso, Texas
Will offer 1GW of compute capacity
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Google, BlackRock, Ford Motors, and Carhartt launch Alliance for America’s Skilled Trades
Training initiative aims to meet America’s growing demand for skilled trades workers
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MGX, AIP, and BlackRock’s GIP complete $40bn acquisition of Aligned Data Centers
Acquisition is the largest-ever in data centers
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BlackRock's GIP and ACS name data center joint venture Coravel, sign customer in Texas
Former DXC president Howard Boville to lead company
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Aligned raises $1.19bn in asset-backed securities
The latest series in its master trust
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Edge data center firm Armada raises $230m in latest funding round
Largest round to date
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GIP, EQT strike $10.7bn deal to acquire US power producer AES
AES is one of the biggest providers of renewable power to the US data center market
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BlackRock brings Aladdin investment platform to AWS
Customers will be able to manage financial services workloads on AWS
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Altice USA files lawsuit against creditors, accuses them of blocking debt refinancing
The company accuses Apollo, Ares, and BlackRock of collusion
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ACS and BlackRock's GIP form €2bn data center development JV
Will manage pipeline across four continents
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Cooling firm Xnrgy secures investment from BlackRock, Temasek, others
Second investment round this year for cooling firm
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Aligned Data Centers sold to BlackRock and MGX in record-breaking $40bn deal
Set to close in the first half of 2026
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Spain’s ACS looks to sell stake in data center business to BlackRock’s GIP – report
Construction firm looks to raise €1 billion from sale of data center and energy biz
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AI chip company Groq raises $750m at $6.9bn valuation
Round was led by investment firm Disruptive
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ITG Communications to buy Tilson for $22m following auction win
A sale could be complete by the end of the month
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Tilson files lawsuit against Gigapower over contract termination
Alleges a breach of contract, wants more than $200m
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Talen Energy acquires two gas plants within PJM market in data center power push
Acquired the assets for $3.5bn
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Nvidia and Elon Musk's xAI join $30bn AI data center fund from Microsoft and BlackRock
Fund yet to announce any investments
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Optical interconnect startup Celestial AI raises $250m
Brings total raised by the company to $515m
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xAI raises another $6bn, including from Nvidia and AMD
An early Christmas present for Musk
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AT&T expects to reach more than 50 million fiber locations by 2029
The telco wants to ensure people get enough fiber
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AI cloud company CoreWeave secures another $650m investment
Jane Street, Magnetar, Fidelity, and Macquarie lead latest round
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US DOE considers building AI data center testbed, setting data center standards, grid upgrade tariffs
Building its own facility and enacting new legislation to help avert AI energy crisis
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Groq closes $640m funding round; hires Meta and former HP and Intel execs
Latest round values company at $2.8bn
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AI cloud firm CoreWeave raises $7.5 billion in debt financing
Company has warchest of almost $10 billion
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Phoenix Tower International secures investment from Grain Management and BlackRock
Will support expansion into new markets
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AT&T and BlackRock form Gigapower LLC
Will deploy fiber services to more cities, including Las Vegas