Digital Edge DC raises USD 1.6 billion to fund expansion
Digital Edge DC, a renowned pan-Asian hyperscale data center developer and operator, and portfolio company of Stonepeak, an alternative investment firm specializing in infrastructure and real assets, has raised over US$ 1.6 billion in new capital through a combination of equity and debt financing to fuel its next phase of growth. According to a press […]
Marginal improvement in India’s AI adoption maturity: NASSCOM-EY Report
The AI Adoption Index 2.0 Report by NASSCOM and Ernst & Young (EY) is out, and it finds that there has been a marginal improvement in India’s Artificial Intelligence (AI) adoption, with its index rising from 2.45 in 2022 to 2.47 in 2024. According to the report, that is based on a survey of 500 […]
Microsoft Dedicates $80 Billion to AI Infrastructure in Fiscal 2025
Microsoft announced plans to invest approximately $80 billion in fiscal 2025 to bolster its data center infrastructure. This significant investment aims to support the training of advanced artificial intelligence (AI) models and the deployment of AI-powered applications and cloud services. The surge in AI development, particularly following the launch of ChatGPT in 2022, has driven […]