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Schneider Electric Banks on AI Boom to Sell €800 Million Debt

The Schneider Electric SE booth during the China International Import Expo (CIIE) in Shanghai, China, on Tuesday, Nov. 5, 2024. The event runs through Nov. 10.

Bloomberg Technology 6d ago

Schneider Electric Banks on AI Boom to Sell €800 Million Debt

The Schneider Electric SE booth during the China International Import Expo (CIIE) in Shanghai, China, on Tuesday, Nov. 5, 2024. The event runs through Nov. 10.

Bloomberg Markets 6d ago

Schneider Electric Sponsor Spotlight

Bloomberg Markets 5d ago

Datacenter growth may run into a power wall by 2030

Energy consumed by datacenters is set to grow 26 percent this year thanks to AI, and grid supply may be unable to keep pace with demand by 2030, Gartner warns. The research giant expects global datacenter electricity consumption to reach 565 terawatt-hours (TWh) in 2026, as power demand rises from 104 GW in 2025 to 132 GW this year. This is higher than the 500 TWh per year Gartner estimated two years ago that AI-optimized servers would consume by 2027.

The Register 3h ago

'Creating thousands of high-skilled jobs': SoftBank to invest €75bn in French AI data centres

The project is SoftBank Group's largest AI infrastructure investment in Europe. Once completed, its planned 5 GW capacity would make it Europe's largest data centre project as the region seeks to expand AI infrastructure and compete with the US and Asia. Japanese technology investment group SoftBank announced plans to develop and operate 5 GW of AI data centre capacity in France, in an investment worth €75 billion.

Euronews 9d ago

A.I. Doesn’t Have to Mean Layoffs

New York Times 12d ago

AI revolution is '50x bigger' than the dotcom boom: SoftBank's Masayoshi Son to CNBC

The AI revolution is 50 times bigger than the Dotcom revolution in the 2000s, SoftBank CEO Masayoshi Son told CNBC Monday. "I think this is like more than 10x, probably 50x bigger than dotcom," Son told CNBC's Arjun Kharpal in Paris, a day after the company announced that it's investing 75 billion euros ($87 billion) to build AI infrastructure in France, including 5 GW of AI data center capacity. "Even dotcom there was a bubble and burst, but then right after that, the peak of the dotcom...

CNBC 9d ago

SoftBank plans 75 billion euros of AI investments in France, as Europe struggles to catch up with U.S. and China

Japan's SoftBank Group plans to invest 45 billion euros ($53 billion) over the next five years to build artificial intelligence infrastructure in France, the company said on Sunday. The tech giant said the commitment is part of a 75-billion-euro program to roll out 5 GW of AI data center capacity in France. Softbank said the initial phase of the plan involves building 3.1 GW of AI data centers in the northern Hauts-de-France region by 2031, including in Dunkirk, Bosquel and Bouchain.

CNBC 10d ago