Moody’s: Global Data Center Spending to Reach $3T Over Next Five Years
Moody’s Ratings said Monday it projects at least $3 trillion in spending globally over the next five years to keep pace with rapid data center and artificial intelligence-driven capacity growth fueled by hyperscaler investments. Spending by the six U.S. hyperscalers (Microsoft, Amazon, Alphabet, Oracle, Meta Platforms Inc. and CoreWeave, Inc.) approached $400 billion in 2025 and is on track to reach $500 billion in 2026 and $600 billion in 2027. “The race to energize new data center capacity remains in its early stages, with robust…»
Arizona lawmakers weigh ending tax break for data centers
As data centers draw ire from neighborhood groups across the state, the Arizona Legislature may consider nixing a lucrative tax incentive for the tech facilities powering AI. Why it matters: Arizona has become one of the top markets for data centers in the country, leading a bipartisan group of elected officials to question whether the tax break is still necessary. Catch up quick: The Legislature first approved the subsidy in 2013 and later extended it to apply to data centers that locate or expand in Arizona through 2033. How it…»
Is TSMC poised for more expansion in Phoenix amid AI boom?
Taiwan Semiconductor Manufacturing Co. looks poised for more expansion in Phoenix as it raises its annual capital budget and begins seeking permits for new fabs. Officials said the semiconductor giant would significantly up its capital expenditures in the coming year. It spent nearly $41 billion on capital costs last year, and expects to dole out up to $56 billion in 2026. CEO C.C. Wei added that the company was applying for permits to build its fourth factory and a new advanced packaging plant. It comes as TSMC ramps up…»
What to know about AI innovation hub at Mesa Fiesta Mall site
An AI venture studio, WaveX, backed by LG Electronics, will land at Mesa’s former Fiesta Mall, its owners announced. NovaWave Capital, LG Electronics’ venture capital firm, made the announcement on Jan. 7 at the Consumer Electronics Show in Las Vegas. It was also announced that Sunny Day Sports would be an incoming investor. WaveX will be an innovation hub focused on AI technology startups centered on healthcare, energy, sports and media. LG NOVA also has innovation hubs in West Virginia and Silicon Valley…»