Meta Reports 28 Percent Revenue Growth as AI Spending Raises Costs
Meta reported second quarter revenue of $60.8 billion, up 28 percent from a year earlier, while net income fell 14 percent as costs and capital spending rose.
Advancements in semiconductor technology, GPU development, and data center infrastructure that power AI computing capabilities.
Meta reported second quarter revenue of $60.8 billion, up 28 percent from a year earlier, while net income fell 14 percent as costs and capital spending rose.
The U.S. Department of Energy announced a more than $100 billion private investment to build an AI data center campus at the former Paducah Gaseous Diffusion Plant in Kentucky, with Brookfield developing the campus and NextEra Energy building power infrastructure.
CleanCore Solutions has signed a 10 year colocation agreement with Cerebras Systems for an AI data center campus in Minnesota. The project is expected to generate about $800 million in contract value over the initial term.
Eolian has started construction on Flint Grid, a 200 MW, 1.06 GWh battery energy storage project near Columbus, Ohio, to support data center and industrial power demand.
Recursive signed a $410 million multiyear agreement with Amazon Web Services to run its automated AI research system on AWS and jointly develop infrastructure for automated AI research.
Newforma and Amazon Web Services have signed a seven year collaboration to modernize Newforma's cloud platforms and expand generative AI features for AECO customers.
Galaxy Digital acquired about 500 acres in McGregor, Texas, for an AI and high performance computing data center campus. The first phase is expected to reach 74 MW.
Orange and Morrison plan a 50/50 data centre joint venture in France targeting 400 MW of capacity, backed by a €3 billion investment programme.
AMD will invest up to $5 billion in Anthropic under a deal for up to 2 gigawatts of AMD Instinct MI450 GPUs, with the first gigawatt expected in the first half of 2027.
OpenAI will cover infrastructure and electric service costs for its planned $20 billion data center in Effingham County, Georgia, Southern Company said. The agreement also includes up to 1,000 megawatts of flexible demand response.
F1R3FLY has joined Tata Consultancy Services' Alliances and Partnerships ecosystem to support work on TCS SovereignSecure Cloud. The companies plan to deploy F1R3FLY's parallel computing technology for enterprise cloud, AI, and data security use cases.
Highstar introduced a battery cell portfolio for AI data centers at the 2026 GGII Energy Storage Industry Summit, covering UPS, HVDC, battery backup units, and grid side storage.
Gravity has launched Gravity Agent, an AI agent for sustainability and energy teams with more than 85 built in skills for data migration, disclosure drafting, and energy cost analysis.
Aolani and Rafay Systems are collaborating to deploy NVIDIA DSX OS on NVIDIA GB200 NVL72 infrastructure, combining Aolani's AI cloud infrastructure with Rafay Platform orchestration for enterprise AI services.
CM Global Services announced Project Santos, a planned 50 MW AI data center campus in the ERCOT South grid zone. The first phase is targeted for completion by the end of the first quarter of 2027.
Southern Company joined President Donald Trump's Ratepayer Protection Pledge and cited OpenAI's planned $20 billion Georgia project as an example of customer cost protections for AI power demand.
Galaxy Digital priced a $3.507 billion private offering of senior secured notes to help fund construction of data center buildings in Dickens County, Texas.
Databricks and Microsoft expanded their Azure partnership into the 2030s, with new integrations for Databricks Genie and Unity AI Gateway across Microsoft products.
femtoAI announced a fivefold increase in growth for the first half of 2026, supported by major customers like Samsung and Marshall and the adoption of its Sparse Processing Unit platform across multiple sectors.
Acrab has announced the GELIX 1 System on Chip and Agent Box platform, designed to power large AI models and enable local inference at the edge.