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What CoreWeave’s Lackluster IPO Means For Data Center Demand
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What CoreWeave’s Lackluster IPO Means For Data Center Demand

In the tech sector’s largest IPO since 2021, investors gave a lukewarm welcome Friday to CoreWeave, a Nvidia-backed provider of graphics processing unit cloud computing for companies like Microsoft and OpenAI that has been rapidly leasing data centers. ...

Mar 30, 2025
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Elon Musk’s xAI Pays $80M For Memphis Data Center Site
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Elon Musk’s xAI Pays $80M For Memphis Data Center Site

After opening the first data center hosting its “Colossus” supercomputer in Memphis last year, Elon Musk-owned xAI announced Friday it is planning to build the project's second data center, this time in the city’s Whitehaven district. As first reported by ...

Mar 10, 2025
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CoreWeave Grows Data Center Footprint, Prepares For IPO After $10B Microsoft Deal
News

CoreWeave Grows Data Center Footprint, Prepares For IPO After $10B Microsoft Deal

CoreWeave, a cloud provider exclusively for the graphics processing unit computing needed for AI, has told investors it expects annual revenue to grow by around 300% next year to around $8B, The Information reports. At the same time, the upstart ...

Nov 07, 2024
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‘We’re Bringing Data Out Of The Silo’: How Savills’ AI Initiatives Are Empowering CRE
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‘We’re Bringing Data Out Of The Silo’: How Savills’ AI Initiatives Are Empowering CRE

Artificial intelligence has emerged as a major technology disruptor in the real ...

Sep 23, 2024
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After AI Takes Millions Of Finance Jobs, These Cities Are Poised To Get Them Back
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After AI Takes Millions Of Finance Jobs, These Cities Are Poised To Get Them Back

... Boyd selected as leading markets for site selection where artificial intelligence is a leading driver. The Canadian city’s ... also earmarked $950M to make the Quebecois city an artificial intelligence “supercluster.” Montreal has already gained jobs from New ...

Jun 19, 2019
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‘It Hasn’t Replaced Anyone’: How AI Can Work With Property Managers, Not Against Them
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‘It Hasn’t Replaced Anyone’: How AI Can Work With Property Managers, Not Against Them

Artificial intelligence is transforming how the world operates and, as a result, ...

Apr 02, 2024
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‘We’re Playing To Win’: Big Tech Tries To Sell Wall Street On Aggressive AI Data Center Push
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‘We’re Playing To Win’: Big Tech Tries To Sell Wall Street On Aggressive AI Data Center Push

This week, Microsoft, Google and Amazon all reported higher-than-expected fourth-quarter revenues from their cloud businesses, a record wave of demand driven in no small part by corporate customers’ growing appetite for their AI products and services. As ...

Feb 02, 2024
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crystal ball
News

Power Struggles, Emerging Hubs And New Investors: Data Center Leaders Make 2024 Predictions

... industry was hit with what Lombardi called “a tsunami of artificial intelligence deployment.” Big Tech’s AI arms race drove record leasing ...

Jan 07, 2024
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CBRE Enters The AI Arms Race, Provides Platform At 20,000 Facilities
News

CBRE Enters The AI Arms Race, Provides Platform At 20,000 Facilities

“With high-quality data integrated into a single ecosystem, our clients benefit from operational and energy efficiencies while improving uptime and increasing reliability across their asset portfolios,” Saville-King said in a statement. AI-powered ...

Aug 22, 2023
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Latest Earnings Show ‘A Tsunami Of AI Demand’ Hitting Data Centers
News

Latest Earnings Show ‘A Tsunami Of AI Demand’ Hitting Data Centers

The second quarter saw hyperscale giants like Microsoft and Google continue their massive investments in data centers to support AI, driving a streak of massive lease deals that may just be a preview of what’s to come. But even as the world’s largest tech ...

Aug 03, 2023
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