Data centers are being built in Argentina's Patagonia, a region characterized by its windswept landscape.
Investors looking for mega data centers are increasingly interested in Argentina's Patagonia. They're attracted by its cool temperatures, renewable energies, shale-gas and vast stretches of empty land. While tech giants, known as hyperscalers, race around the world to?build servers farms and face roadblocks due to anti-data center campaigns; projects in Argentina's initial stages are being developed without much attention from the public.
New York Times Business News - August 31,
These are the most popular?stories from the New York Times business pages. These?stories have not been verified and we cannot?guarantee?their accuracy. On Sunday, the U.S. forces attacked two Iranian rocket launchers that were attempting to disperse mines in the Strait of Hormuz. This was the first military action known between the two countries within a month. The U.S.
Anthropic abandoned its $7 billion MatX purchase, according to sources
Two?people who were briefed about the issue said that Anthropic had discussed purchasing artificial intelligence chip company MatX for around $7 billion. The goal was to speed up efforts to develop custom-made hardware for its rapidly growing AI business. The merger talks that a third party said had evolved into a conversation about a partnership?underscores?the AI Lab's ambition to secure resources and talent required to build its chips.
Big Tech joins Calgary Stampede as Canada court data centers
Big Tech has joined in the Calgary Stampede party, showing a?growing? interest from hyperscalers based in the United States as Alberta pursues data center development. The annual energy gathering, which coincides with the famous city rodeo, is usually dominated by oil and gas companies. This year, U.S. tech giants are also a prominent corporate presence, according to attendees.
Big Tech joins Calgary Stampede as Canada courts data centers
Big Tech joined the party at the Calgary Stampede, an indication of the growing interest of hyperscalers based in the U.S. in?Canada as the province Alberta pursues data center development. The annual energy gathering, which coincides with the famous city rodeo, is usually dominated by oil and gas companies. This year, U.S. tech giants are also a prominent corporate presence, according to attendees.
Cypress Creek Secures $3.5 Billion for One of the largest US Solar, Storage Projects
Cypress Creek Energy, a power producer in the United States, announced on Thursday that it had secured $3.5 billion for what it described as one of the biggest?solar- and battery storage?developments?in?the United States. According to Cypress, the financing will be used to support the first and second phases of Arkansas Steel River Energy Center. This includes adding 1…
Ormat completes the industry's largest design for geothermal power plants
The U.S. renewable energy company Ormat Technologies has developed a design for a geothermal plant that is 'the largest in the industry. It can produce '100 megawatts from the heat of the earth, according to the company. Ormat CEO Doron Blchar said that the Ormega100 design would double its electrical output compared to the current model. Ormat, a world-leading geothermal company, is testing advanced geothermal technology to power the unit.
Report shows that US energy storage added in the first quarter hit a record.
A report on Thursday showed that U.S. energy developers installed 9,7 gigawatt hours of new capacity during the first quarter of 2026. This was a record-high quarter. The Solar Energy Industries Association and Benchmark Mineral Intelligence report said that energy?storage capacity increased by?32% over the past quarter, despite federal policies the industry claims are slowing down clean energy development.
Forbes reports that Russian billionaires have increased their wealth by 11% in a single year, despite the war and sanctions.
Forbes Russia reported that Russian billionaires have increased their wealth 11% to a record $696.5 Billion over the last 'year, despite the conflict in Ukraine and the toughest Western sanctions ever imposed on any major economy. The richest Russian men are linked to the natural resources Russia has been exporting to global markets over the years. Their wealth has increased as disruptions in trade have led to a rise in commodity prices.
China restricts solar manufacturing equipment exports to the US
Five people familiar with the discussions said that Chinese officials had held preliminary talks with suppliers of equipment used to manufacture solar panels in order to 'limit exports of advanced technology to the United States. A clampdown of this kind would put at risk the investments of U.S. firms and slow down the race to space-based computing. China, which is estimated to produce more than 80% the solar panel components in the world…
China restricts solar manufacturing equipment exports to the US
Five people familiar with the consultations said that Chinese officials had held preliminary?talks? with suppliers of equipment for making solar panels, as they considered limiting the exports of most advanced technology to the United States. A clampdown of this kind would put at risk the investments made by U.S. companies and slow down the race to space-based computing…
Total CEO: Iran war disruption that goes beyond 3-4 months is a systemic threat to the global economy
Patrick Pouyanne, CEO of TotalEnergies, said that a 'disruption in global energy supply from the U.S. and Israeli?war against Iran? lasting beyond three to four months would pose a serious systemic risk for the global economy. Pouyanne, speaking at the CERAWeek conference in Houston, said that the disruption of global fuel supplies was worse than disruptions to crude…
Gas shortage worries in India spark panic buying for Induction stoves
Indians are buying electric induction cookers at a rapid rate, causing stocks to be depleted online and in stores. This is due to fears that there could be a shortage of cooking gas linked?to the Middle East conflict. India, which is the second largest importer of LPG in the world, has invoked emergency powers in order to 'boost supply for household users, even though availability is tightening?
German startup plans to build 30-megawatt AI Data Centre in order to boost sovereign control
Polarise, a German start-up, plans to build an artificial intelligence data center with a 30-megawatt capacity. This would double Germany’s domestically-run computing power. The company said that the facility in Amberg, Bavaria, which is set to be operational in mid-2027 could expand to 120 MW. According to the German lobby group Bitkom, AI data centres in Germany had a total capacity of 530MW by the end of 2017.
Trump meets with tech giants to discuss energy pledges ahead of midterm elections
The U.S. president?Donald Trump will meet with leaders of technology companies on Wednesday, including 'Google, Meta and OpenAI. They are expected to formalize an agreement to protect consumers from the rising costs of electricity due to the rapid growth of data centers that use a lot of energy. The White House announced that the "Ratepayer Protection Pledge" announced…
Trump meets with tech giants to discuss energy pledges ahead of midterm elections
U.S. president Donald Trump will'meet with leaders of major technology companies on Wednesday, including Google, Meta and?OpenAI to formalize an agreement to protect consumers from the rising costs of electricity due to the rapid growth in energy-intensive data centres. The White House announced that the "Ratepayer Protection Pledge" announced by Trump during his…
Clean Max, a renewable energy company in India, falls 16% on its first day of trading.
Clean Max - Enviro Energy Solutions shares fell 16% on Monday in their 'trading debut', valuing the company at 103.32 billion rupies ($1.13 billion). Weak retail demand weighed down India’s largest IPO this year. The stock was listed at 960?rupees at the National Stock Exchange (NSE), and last traded at 882 rupees at 10.22 am IST. This is below its original issue price of 1053?rupees.
California woman sues Meta, YouTube testifies that social media has a negative impact on mental health
A young Californian woman who is suing Meta Platforms for Instagram and Google for YouTube gave testimony on Thursday at a landmark trial that her childhood addiction to social media left her depressed, anxious and insecure about her appearance. She was unable, however, to give up her phone without feeling further anxiety. Kaley G.M. was the plaintiff, who appeared in court as Kaley G.M.
A woman who sued Meta and YouTube for social media addiction is set to testify in court
On Wednesday, a young California woman will testify about how her childhood use on Meta Platforms' Instagram or Google's YouTube has affected her mental health. This is a landmark case in her social media addiction. She was to 'take the witness stand after the testimony of a licensed therapist who treated Kaley G.M. for several months starting in 2019 when she was just 13 years old.
Clean Max's India IPO, backed by Brookfield, subscribed to 94% of the total on the final day.
The exchange data shows that the 31?billion rupee ($341million) IPO of Clean Max Enviro Energy Solutions, which is backed by Brookfield, received a muted response as at 5:10pm IST on Wednesday. A power producer that supplies green energy to clients such as Amazon and Google India received bids of 20.6 million shares, compared with the 21.8 million offered. The IPO coincides with a slower start for India's main?market? in 2026.