Neocloud Sharon AI taking capacity at former IBM site

Another Russian tech firm hit

Will commence in 2028

The contract covers 20,932 tons of carbon

Using Azure Local hosted in Meeza's data centers

Will serve as a disaster recovery data center

Company is shortly planning its IPO

Companies sign MoU to collaborate on data center projects

Colo firm leasing former GE facility from Mapletree

And other neocloud startup news

Will be deployed at multiple sites

Deal includes reallocation of 20MW of existing contracted capacity

Brings total to three AZs

Will receive a 40-year tax break on property taxes

United States Senate Committee on Finance writes to CEO Mark Zuckerberg

Design Build Contractor will have to provide the facility by December 2031

Claims to be the first bank to do so

Will combine on-premises infrastructure and cloud computing

Reports had suggested the company was reducing spending by at least 20 percent

Company aiming for 2029 grid connection

Local residents raise concerns

Announced during cloud company's AI-Pulse 2026 event

Aim to accelerate development and deployment of AI data centers

Sources say talks are in the "final stages"