Microsoft's venture in Mount Pleasant, Wisconsin, has received the first of two local government approvals required for the acquisition of over 600 acres of industrial park land. This development is expected to lead to billions of dollars of investment in data centre construction. The Mount Pleasant Village Board unanimously approved the sale, along with a host of revise...

US data centre operator DataBank has closed another capital round which has taken its 2023 raising to nearly US$1.6 billion. The group has secured an extra US$533 million through a combination of debt and equity to fund the construction of new data centres. The capital will be used to meet the fast-growing need for capacity driven by the rise of artificial intelligence (...

The second edition of the "Cloud in Financial Services" report has been unveiled, with compliance and data sovereignty a big concern for respondents.  A staggering 81% of respondents identify these as substantial hurdles, marking a notable increase from 73% in 2021. This data point highlights the persistent challenges faced by financial institutions as they navigate th...