The agency fears data centre projects could potentially become white elephants in a few years and their high running costs favour the usage of external providers such as large hyperscale cloud providers.
Founder and Editor, The Tech Capital
3 Mins
June 04, 2024 | 11:56 PM BST
Minister Mondli Gungubele, Minister of Communications and Digital Technologies of the Republic of South Africa
South Africa's Department of Communications and Digital Technologies (DCDT) has reversed its plans to establish state-owned data centre facilities due to various challenges and limitations.
Founder and Editor, The Tech Capital
3 Mins|July 03, 2024
2 Mins|July 03, 2024
3 Mins|July 03, 2024
Microsoft, G42 announce $1bn investment in Kenya for AI data centre project
Microsoft and G42, alongside the Kenyan government, have entered into a trilateral alliance to rede...
Thomas & Mack Development Group sells ‘Sin City’ data centre to DataBank
Experience the future at The Tech Capital International Finance Forum & Global Awards 2024...
AI hyperscaler CoreWeave raises US$1.1 billion in new funding
AI hyperscaler, CoreWeave has secured US$1.1 billion in new funding, led by Coatue, with participat...
Harnessing AI’s transformative power through sustainable data infrastructure
The realm of artificial intelligence (AI) is evolving at an unprecedented pace, catalysing a profou...
DigitalBridge-backed Vantage Data Centers secures $766m in green bonds
DigitalBridge (NYSE: DBRG)-backed hyperscale operator Vantage Data Centers has raised £600 million...
Microsoft to deploy $3.2bn into Swedish AI data centres
Tech titan Microsoft (NASDAQ: MSFT) has announced a 33.7 billion Swedish crowns (US$3.2 billion) in...
