GMI Cloud secures $82m in Series A funding for AI cloud
Funding round was led by Headline Asia
Funding round was led by Headline Asia
Signs agreement with Public Investment Fund for hub near Dammam
"We're not selling raw GPUs for other people to train"
Blow softened by performance in software business
Company announced $7bn in data center investments during the quarter
Coalition aims to improve competition, resilience, and transparency in the cloud industry
Including $420m already earmarked for New Albany campus
Project estimated to cost between $250m and $500m
Data center planned to protect against uncertain market conditions
Facility will feature data hall, public education space, and offices
Aims to build a multi-million square foot campus in Loudoun County
Charter Development LLC seeks to develop area to northwest of Wallingford
City council denies second appeal
Company wants to focus on AI
Company offers on-demand access to compute clusters for AI
Country opens up to foreign-funded enterprises
Initial phases to be completed by end of 2026
And other Virginia data center application updates
Company announced plans to switch to for-profit in September 2024
Will have a combined capacity of 560MW
AustralianSuper to become significant minority owner of DataBank
Stuart Robert seeks to benefit off the back of his own policy that government data be housed on-shore
Credit facility led by Goldman Sachs, JPMorgan, and Morgan Stanley
Asset manager moves into data centers