Duos Technologies Group has received about US$50.4 million from the sale of substantially all assets of New APR Energy. Duos, a Nasdaq-listed provider of modular colocation edge and AI data centres and technology infrastructure, owns a 5% non-voting interest in Sawgrass APR Holdings, the ultimate parent company of New APR. The assets were sold to a third party on 26 May ...

OpenAI, Oracle (NYSE: ORCL), Related Digital, Blackstone (NYSE: BX), and Walbridge have started construction on The Barn, a 1GW data centre campus in Saline Township, Michigan, which is part of the US Stargate project. The construction is billed as the largest single economic investment in Michigan’s history.  Financing includes equity from Related Digital, funds affi...

An Iberian proposal to develop a major artificial intelligence gigafactory would allocate €12 billion (US$13.7 billion) in funding equally between Portugal and Spain, according to Banco Português de Fomento (BPF) chief executive Gonçalo Regalado. The joint bid, which is being prepared for submission to the European Commission, would see each country receive €6 billion...