KKR’s Helix Adds Two Veterans to Its $10 Billion AI Buildout
Running the next generation of data centers, the people who do it for a living like to say, is no longer mainly a problem of money or of chips. It…
KEPCO Asks Samsung and SK Hynix to Prepay $18 Billion for the Grid
The proposal is now sitting with two of South Korea’s most valuable companies. Korea Electric Power Corp., the state-owned utility known as KEPCO, has asked Samsung Electronics to prepay 20…
Texas Pauses New Data-Center Hookups as Power Requests Swell
AUSTIN, Texas—The state that spent years inviting the world’s data centers to plug in has told the next ones to wait. Texas has become the first state to freeze new…
Nestle Sells Its Mainstream Vitamin Business for $1 Billion
VEVEY, Switzerland—For most of the past decade, Nestle bought its way into vitamins. On Wednesday it agreed to sell the mainstream part of that business for $1 billion, the clearest…
SpaceX Puts Starlink Veteran in Charge of AI Data Centers
SpaceX has put Michael Nicolls, a longtime Starlink executive, in charge of its AI data-center operations after a string of departures among the executives who built them, according to people…
Google Signs Record 396-Megawatt Geothermal Deal With Fervo
On September 1, Fervo Energy and Google announced a 396-megawatt geothermal power agreement, the largest single geothermal contract either company has signed. The 15-year deal covers power from a project…
SoftBank’s SB Energy Files for IPO, Targeting $7 Billion Raise
SB Energy, the data center and energy infrastructure company controlled by SoftBank, filed for an initial public offering with the U.S. Securities and Exchange Commission on September 1, aiming to…
Apple Accuses OpenAI of Destroying Evidence in Trade-Secret Case
In a court filing submitted on August 31, Apple told a federal court that OpenAI had “actively destroyed key evidence” and that Chang Liu, a former iPhone engineer who moved…
TSMC Bets Silicon Photonics Will Carry AI Chips Past Electrical Limits
The chips are getting faster. The wires between them are not. That is the problem TSMC expects silicon photonics to solve, and the company says the technology will start accelerating…
HBM Spot Prices Hit Five Times Contract Levels as AI Demand Surges
In the memory market’s spot trade, where chips are bought for immediate delivery at whatever the market will bear, the price of HBM has gone vertical. Korea Economic Daily reported…
