Meta is building data centers in tents to rapidly scale AI infrastructure and try to catch rivals such as DeepSeek, OpenAI, Anthropic, and Google.

Asset management firm Blackstone will announce on Tuesday a $25 billion investment in data centers and energy infrastructure in Pennsylvania, Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh.

Data center operators in China, which use Nvidia’s H20 chips to crunch data for various AI services, have been struggling to find a local alternative that is as good as the U.S. company’s chips.

Lawmakers want to make the commonwealth more attractive to data center developers, and are proposing incentives and new regulations to lure them.

The proposed data center would include 18 buildings, each about 250,000 square feet, on rural land owned by a timber land property owner on Rock Mountain Lake Road, the Birmingham Business Journal reported. The developer is proposing the $14 billion project as a 4.5 million-square-foot campus, BBJ reported.

CNBC's Diana Olick reports on news regarding real estate and power generation in outer space.

The Japanese telecom giant’s data-center arm is aiming to pour billions into its business to meet rising demand for artificial-intelligence computing and other uses, its chief executive said.

The prospect of a new large scale data center development in the city drew widespread public criticism during a packed public meeting.