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AI infrastructure

Madison Air Solutions Raises $2.23 Billion in Landmark IPO to Capitalize on AI Data Centre Boom

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Data Center

New York: Madison Air Solutions (NYSE: MAIR) has raised $2.23 billion through its initial public offering (IPO), making it the largest U.S. industrial IPO since 1999. The offering values the company at $13.2 billion, underscoring growing investor confidence in businesses supporting the rapid expansion of artificial intelligence (AI) infrastructure. Rather than competing in the AI … Read more

India’s AI Boom Has a Cooling Problem Nobody’s Solved Yet — And It’s Not About Chips or Capital

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India's AI Boom

Bengaluru: India’s data centre industry is racing to build AI-ready infrastructure worth billions of dollars, but a critical engineering challenge is rapidly emerging behind the scenes—how to efficiently cool next-generation AI servers without placing unsustainable pressure on the country’s electricity and water resources. As hyperscalers, cloud providers and enterprises accelerate investments in GPU-powered infrastructure, cooling … Read more

Spain’s Submer Group to Invest ₹19,000 Crore in Madhya Pradesh Semiconductor and Data Centre Ecosystem

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Submer Group

Bhopal: Spain-based Submer Group has announced a ₹19,000 crore investment in Madhya Pradesh to develop semiconductor and data centre infrastructure, marking one of the state’s largest technology investments to date. The project is expected to generate nearly 5,000 direct employment opportunities while strengthening India’s rapidly growing semiconductor and digital infrastructure ecosystem. The announcement was made … Read more

Robo.ai Appoints Former INTERPOL President Ahmed Naser Al-Raisi as Chairman of Neurovia AI

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Ahmed Naser Al-Raisi

Dubai: Artificial intelligence company Robo.ai Inc. has appointed H.E. Ahmed Naser Al-Raisi, the former President of INTERPOL, as the Chairman of Neurovia AI, its recently integrated subsidiary. The appointment takes immediate effect and marks a significant step in strengthening the company’s leadership, governance, and AI security capabilities. The move reflects Robo.ai’s strategy to build trusted … Read more

HCLTech Enters Full-Stack AI Market with ₹3,500 Crore Investment in AI Data Centres

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HCL Tech

Noida: HCLTech has announced its entry into the rapidly growing full-stack artificial intelligence (AI) market, backed by a planned investment of up to ₹3,500 crore to establish AI data centres in India. The company said the strategic investment will enable it to deliver end-to-end AI infrastructure, cloud, software, and managed services to enterprises and government … Read more

TCS Expands 20-Year Partnership with ABB to Deliver AI-Powered Global Network Operations

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TCS

Mumbai/Zurich: Tata Consultancy Services (TCS), a global IT services, consulting, and business solutions company, has announced an expanded strategic partnership with global electrification and automation leader ABB to modernize the company’s worldwide network operations. The multi-million, multi-year engagement marks the next phase of a collaboration spanning more than two decades. Under the new agreement, TCS … Read more

Who’s Running the World’s Data Centers Now? Inside This Quarter’s Biggest Leadership Shake-Up

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Data Center move

The data center industry is in the middle of an unprecedented hiring wave, and it’s not just engineers and technicians being snapped up. As AI workloads push power, cooling, and capacity demands to new extremes, operators, vendors, and advisory firms worldwide are racing to bring in executive talent who can navigate the complexity. This quarter … Read more

Can Google and Meta Really Claim ‘AI for Climate’ While Their Own Emissions Soar?

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AI data Center

Google’s emissions are up 82% since 2019, Microsoft and Meta aren’t far behind, and Big Tech is now signing gas contracts to power AI. Here’s the global data — and what it means for India’s own AI-driven power demand. The Contradiction at the Heart of “AI for Climate” For years, the tech industry has pitched … Read more

Meta to Build $9 Billion AI Data Centre in Canada, Strengthening Global Artificial Intelligence Infrastructure

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A rendering of Meta’s new 1GW, AI-optimized data center in Alberta, Canada.

Alberta, Canada: Meta has announced plans to invest approximately $9 billion in its first-ever data centre in Canada, marking a significant milestone in the company’s global artificial intelligence (AI) infrastructure expansion strategy. The new 1-gigawatt (GW) facility will be located in Sturgeon County, Alberta, and is expected to take two to three years to complete. … Read more

NVIDIA Chip Rival SambaNova Raises $1 Billion At $11 Billion Valuation

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SambaNova

Paris: AI chip startup SambaNova Systems has secured $1 billion in Series F funding, valuing the company at $11 billion, as it looks to strengthen its position in the rapidly expanding artificial intelligence semiconductor market. The funding announcement was made during the Raise Summit in Paris, reinforcing growing investor interest in companies developing alternatives to … Read more

78% of Singapore IT Leaders Say Weak Data Infrastructure Is Slowing AI Adoption, Confluent Report Finds

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78% of Singapore IT Leaders Say Weak Data Infrastructure

A new global survey is putting numbers to a problem many enterprise IT teams have felt for a while: companies are racing to deploy AI faster than their data infrastructure can actually support it. According to Confluent’s 2026 Data Streaming Report, which surveyed 4,625 IT leaders across 14 countries including India and Singapore, 78% of … Read more

IBM Bets on Flexibility: New z17 and LinuxONE 5 Rack Mount Options Target the Data Center Space Crunch

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IBM

IBM has announced an expansion of its z17 and LinuxONE 5 systems, and the headline change is about form factor as much as performance: for the first time across its entire Z and LinuxONE portfolio, IBM is offering rack mount configurations alongside its traditional single frame systems. Both options are built on the same flagship … Read more

China Switches On the World’s First Commercial Underwater Data Center Off Shanghai’s Coast

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Underwater Datacenter

Roughly ten kilometers from Shanghai’s shoreline, a data center now sits on the seabed — and it’s already processing data commercially, marking what appears to be a global first for offshore computing infrastructure. A Giant Structure, Hidden From View The facility weighs close to 2,000 tonnes and stands 32 meters tall, but almost none of … Read more

NVIDIA Launches Revenue-Sharing Model to Expand AI Cloud Infrastructure and Accelerate Enterprise AI Adoption

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Nvidia

New Delhi: NVIDIA has introduced a new revenue-sharing and credit-support business model aimed at expanding access to large-scale AI computing infrastructure for startups, enterprises, AI model developers, research organizations, and regional cloud providers. The initiative reflects the rapidly evolving AI landscape, where demand is shifting from training large language models to running production-scale AI inference … Read more

2 Gigawatts, $80 Billion in Leases: Inside SpaceX’s Quiet Takeover of AI Data Center Infrastructure

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Elon Musk

Elon Musk built Colossus to train Grok. Instead, it may end up making SpaceX more money than Starlink — by renting out GPUs to the very companies xAI was supposed to be competing with. The Number That Started It All: $150 Million a Month Open-source AI startup Reflection AI has agreed to pay SpaceX $150 … Read more

Magnachip Appoints Chae Lee as CEO to Drive Next Phase of Growth in Power Semiconductor Business

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Magnachip

New Delhi: Magnachip Semiconductor Corporation has appointed Chae Lee as its new Chief Executive Officer (CEO), effective July 1, 2026, as the company strengthens its leadership team to accelerate growth across high-value semiconductor markets. Lee is also expected to join the company’s Board of Directors, while Camillo Martino, who has served as Interim CEO since … Read more

AI Coding Costs Could Overtake Developer Salaries by 2028—Here’s Why It Matters

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AI Coding Cost

There’s an uncomfortable conversation happening in the war rooms of enterprise IT right now, and it goes something like this: we invested in AI to reduce costs, so why is the invoice getting larger? A new Gartner prediction, published June 2026, puts a hard date on what many engineering leaders already quietly suspect. By 2028, … Read more

Amazon to Invest $48 Billion in India by 2030, Expands AI Infrastructure and Quick Commerce Ambitions

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AMAZON with PM Modi

New Delhi: Amazon has announced plans to invest $48 billion in India between 2026 and 2030, reinforcing its long-term commitment to one of the world’s fastest-growing digital economies. The investment follows a meeting between Amazon President and CEO Andy Jassy and Prime Minister Narendra Modi, highlighting the company’s expanding focus on artificial intelligence (AI), cloud … Read more

NTT DATA Partners with Cursor to Accelerate Enterprise AI Modernization and Strengthen AI Governance

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NTT Data

As enterprises accelerate investments in artificial intelligence, organizations are increasingly looking for ways to modernize legacy applications while maintaining security, governance, and operational control. In a significant move aimed at transforming enterprise software engineering, NTT DATA has announced a strategic partnership with Cursor, one of the world’s leading multi-model AI coding platforms. Under the partnership, … Read more

Maharashtra CM Devendra Fadnavis Meets Amazon CEO Andy Jassy, Invites Fresh Investment in Data Centres and Healthcare

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Devendra Fadnavis

Maharashtra Chief Minister Devendra Fadnavis met Amazon CEO Andy Jassy in Mumbai on Wednesday, June 24, 2026, in a high-profile meeting that underscored the state’s ambition to remain India’s leading destination for technology and cloud infrastructure investment. The meeting, held during Jassy’s first visit to India since taking over as Amazon’s chief executive from founder … Read more