Microsoft In Talks To Lease Texas AI Data Center Site After Oracle Shelved Expansion Plan: Report
Synopsis
According to a report from The Information, which cited people familiar with the matter, Microsoft’s move is significant because the site is seen as a key measure of AI data center development.
Microsoft Corp. (MSFT) is reportedly considering leasing hundreds of megawatts of data center capacity at the Abilene, Texas site that Oracle Corp. (ORCL) walked away from last week.
According to a report from The Information, which cited people familiar with the matter, Microsoft’s move is significant because the site is seen as a key measure of AI data center development.
Meta Platforms (META) is also reportedly considering leasing the planned expansion site after rival Oracle and OpenAI shelved plans to expand over collapsed negotiations.
Get updates to this developing story directly on Stocktwits.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.