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The global demand for Artificial Intelligence (AI) is causing a huge spending surge. This spending is focused on underwater communication cables. Over 95% of international data traffic uses these subsea cables. They transmit everything from emails to financial transactions worldwide. Investment in new cable projects is booming. It is projected to reach about $13 billion…
Saudi Arabia is pouring billions into artificial intelligence as it works to become a top global player in tech. The kingdom’s new state-backed firm, HUMAIN, is leading this effort — building data centres, developing advanced AI tools and striking major tech partnerships. HUMAIN plans to roll out up to six gigawatts of data-centre capacity by…
Meta Platforms (META) shares experienced volatility following its latest earnings report, not over revenue figures, but due to a massive increase in its AI spending guidance. CEO Mark Zuckerberg’s commitment to building the Artificial Intelligence infrastructure of the future is translating into a sharp rise in Capital Expenditures (CapEx), a move that has deeply unsettled…
Amazon Web Services (AWS), the cloud computing arm of Amazon, has announced a massive expansion plan in Asia. The company will invest at least $5 billion in South Korea by 2031. This significant pledge was confirmed by the South Korean presidential office. Strengthening the Cloud Core The colossal investment is primarily aimed at expanding and…
Cerebras Systems, a U.S. artificial intelligence chipmaker, is building a massive AI data center in the United Arab Emirates, called “Stargate.” The facility aims to become one of the largest AI computing hubs in the world, marking a major milestone in global AI infrastructure. Located in Abu Dhabi, Stargate will host thousands of Cerebras Wafer-Scale…
Applied Digital shares jumped 16% on Friday, extending a stellar year that has seen the stock soar over 340% in 2025. The surge followed a strong Q1 earnings report, fueled by rising demand for AI-focused data centers. Here’s how the company performed compared to analyst expectations (LSEG): Quarterly revenue climbed 84% year-over-year, underscoring the company’s…
Austin, Texas — Dell Technologies CEO Michael Dell says the current global rush to build artificial-intelligence data centers will eventually hit its limit — but for now, the surge is showing no signs of slowing. Speaking Tuesday on CNBC’s Closing Bell: Overtime, Dell said demand for computing power remains “tremendous,” driven by the rapid evolution…
