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Facebook parent Meta will invest less in data centres in 2023

Meta Platforms Inc. has seen its shares soar by nearly 20% after announcing a major cost-cutting plan that includes reduced spending on data centres. The company cut its cost outlook for 2023 from US$34-37 billion to US$30-33 billion saying that the reduced guidance reflects updated plans for lower data centre construction spending in 2023 as it shifts "to a new data centre architecture that i...

By João Marques Lima

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Ep. 16 – ‘You never have perfect information, but do take action,’ says Richard Sem – Great Business Minds

Welcome to another episode of the Great Business Minds podcast, the definitive show for the business of digital infrastructure. At Great Business Minds we would like to welcome our new sponsor...

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Amazon lands $8bn loan as it announces the letting go of 18,000 staff

The world’s largest e-retailer and public cloud operator Amazon.com Inc (AMZN.O) said it had reached an agreement with certain lenders to provide the e-commerce giant a US$8 billion unsecured loan. According to Reuters, the term loan will mature in 364 days, with an option to extend for another 364 days and the proceeds would be used for general corporate purposes. Backers include the Bank o...

4 Mins|January 06, 2023

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Why data centre hyperscalers are increasingly looking for digital infrastructure convergence partners

The days of purely leasing data centre space might be numbered as hyperscale operators such as Google, Meta, Microsoft, and AWS begin to favour those who can offer wider digital infrastructure portfo...

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How Data4 approaches new data centre markets in a changing European landscape

November 20, 2022 | 11:27 PM GMT

The European data centre marketplace is transforming right before our very own eyes. Whilst headlines have for years focused on Tier 1 markets like London, Frankfurt, and Dublin, now, it is the Tier 2 and even Tier 3 locations that are driving a lot of the overall investment. Joining The Tech Capital’s João Marques Lima in this special interview is one of the key players cementing that investment transition. Founded in 2006 and today wi...

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