The Oct. 10 op-ed warning about water use by AI centers states that by 2028 those centers across the entire United States will use as much as 124 billion liters of water per year, but it does not put that amount into any context. Well, that is about 100,000 acre-feet per year. The State Water Project export pumps in the Delta can pump that amount in a week.
The stock has surged more than 260% so far in 2025 as investors have re-rated the company from a crypto-hosting niche player into a high-performance computing (HPC) and AI-data-center operator. Since last quarter's earnings release, shares are up 180% after APLD announced a transformative 15-year lease with AI hyperscaler CoreWeave - a deal expected to generate $7 billion in contracted revenue and cement Applied Digital's flagship Polaris Forge 1 campus as a major AI infrastructure hub.
Despite being under a year old and having no revenue, Fermi America had a very successful initial public offering (IPO) this week. The company, which aims to provide data and power centers for artificial intelligence, saw its shares (Nasdaq: FRMI) close at $32.53 on their first day of trading Wednesday, up nearly 55% from their IPO price of $21 per share. Fermi's stock price continued to rise through after-hours and into premarket trading on Thursday, reaching $36.
Earlier on Monday, Nvidia and OpenAI announced that they'd signed a letter of intent to pursue the $100 billion deal. The goal is to produce Nvidia-equipped data centers with a capacity of at least 10 gigawatts of power. The infrastructure will be used to develop and run artificial intelligence models. Nvidia chips have become the most prized commodity in Silicon Valley in recent years, with data center operators scrambling to obtain as many as possible.
By The Associated Press Chipmaker Nvidia will invest $100 billion in OpenAI as part of a partnership announced Monday that will add at least 10 gigawatts of Nvidia AI data centers to ramp up the computing power for the owner of the artificial intelligence chatbot ChatGPT. Per the letter of intent signed by the companies, the first gigawatt of Nvidia systems will be deployed in the second half of 2026. Nvidia and OpenAI said they would be finalizing the details of the arrangement in the coming weeks.
In the span of less than two years, Core Scientific went from a bankrupt crypto mining company to a $9 billion acquisition target. How? By reinventing itself as an upstart player in the artificial intelligence-driven data center craze. Only now, one of the company's largest shareholders is urging other investors to vote down the deal - arguing that $9 billion isn't nearly enough. While a takeover battle between little-known data center firms might seem like
Reliable high-yielders are your best friends today, and they will likely remain that way for the coming years. That's especially true if they operate as midstream or as a utility. They have a rare combination of defense and growth that no other sector can match. Demand for electricity, gas, and water does not flutter when the headlines turn grim, so cash flow stays predictable and dividends stay funded.
Nokia and Supermicro are joining forces. Together, they want to help cloud players prepare data center networks for the many demands of AI. With this new collaboration, both parties are integrating SuperMicro's 800G Ethernet switches with Nokia's Service Router Linux and automation tools. The joint solution is designed to offer organizations a pre-validated, ready-to-use solution that reduces implementation time, lowers operational costs, and improves overall efficiency.
Oklo anticipates the collaboration will lead to repeatable templates for future projects as it works toward breaking ground on its first nuclear powerhouse. The company said last week that it had finished its pre-application readiness assessment for Phase 1 of its combined license application with the U.S. Nuclear Regulatory Commission.
