DATA CENTRES COMPANIES
Thirst Trap: Water sustainability issues loom over India's booming data centre industry
India's data centre industry is booming, driven by significant investments from companies like Adani Enterprises and tech giants such as Meta and Alphabet. However, this growth raises concerns about the substantial water consumption needed for cooling in water-scarce cities. Operators are adopting alternative cooling technologies like air-cooled chillers to reduce water use. Despite these efforts, India lacks a national policy on data centre water usage. Experts call for sustainable practices to balance industry growth with water conservation.
AI supercharges data centre energy use-straining the grid and slowing sustainability efforts
According to the Electric Power Research Institute, a nonprofit research firm, at 2.9 watt-hours per ChatGPT request, AI queries require about 10 times the electricity of traditional Google queries. Data centres have continuously grown for decades, but the growth in the still-young era of large language models has been exceptional.
Artificial Intelligence helped to find a vast source of the copper that AI needs to thrive
KoBold is pumping $2.3 billion into its first mine and is negotiating tricky partnerships with contractors and governments alike. It is relying on the U.S. government to finance a new railway to export the copper.
All that SaaS; AI woes
Happy Friday! Goldman Sachs is likely to increase its stake in SaaS startup MoEngage. This and more in today’s ETtech Morning Dispatch.
How Indian data centre operators are mitigating AI power consumption woes
Indian data centre operators are racing to reduce the massive power consumption of AI infrastructure. As the country prepares to acquire 100,000 GPUs by 2024, concerns over sustainability and environmental impact are mounting.
Budget focus? AIM for 3 sectors; Adani Enterprises good proxy for airport & data centre plays: Deven Choksey
Deven Choksey forecasts significant growth in shipbuilding industry over the next five years, highlighting the potential entry of major players like Adanis. Budget expected to support FMCG sector with focus on rural development. Overall positive outlook for various sectors. Budget is going to focus on three areas-- A for agriculture, I for infrastructure, and M for manufacturing. We should look at each of these three areas.
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India produces 20% of world's data: Ola founder Bhavish Aggarwal
Ola founder and CEO Bhavish Aggarwal highlighted that India which constitutes 20 per cent of the world's population produces 20% of the world's digital data. The Ola founder underscored that India should actually produce even more data since we are young.
On A(I) Mission, Centre may go with Indian intel
GPUs are currently a precious resource for the AI industry and are manufactured only by a handful of American companies like Nvidia, Intel, and AMD. Sources said Indian data firms can procure GPU units and then provide them to local firms, startups, academics and researchers at a subsidised rate, for all use cases.
Rise & rise of secondary deals; advantage desi data centres
Happy Friday! Total funding raised by Indian startups fell in the first half of 2024, but late-stage activity showed signs of revival, as per data. Decoding this and more in today’s ETtech Morning Dispatch.
Social media companies list out worries as Centre readies data protection rules
Social media platforms have said that undoing behavioural tracking of children and targeted advertisements are among the biggest concerns they have with the new data law the government is prepping. The companies are voicing their concerns as rules of the Digital Personal Data Protection (DPDP) Act will be released soon.
Natural Environment Solutions enters Indian data centre industry with 5 MW facility in Pune
Natural Environment Solutions Pvt Ltd (NES) on Tuesday announced its foray into the Indian data centre industry with a 5 MW facility in Pune and said it plans to scale up to over 100 MW of data centre capacity across the country in the next three years. ' NES will set up the 5 MW capacity data centre in Hinjewadi, Pune.
Airtel's Nxtra to become 100 pc renewable energy data centre company
According to the statement, Nxtra has become the only data centre organisation in India to have pledged to RE100 and the 14th Indian company to achieve this milestone.The company claims to have increased its renewable energy use and has contracted 422,000 MWh renewable energy till date.
India will require an additional data centre capacity of 1.7-3.6 Gigawatt: Report
India is poised to become a global data center hub due to its low construction, land, and power costs. With a robust IT ecosystem, the country’s data center capacity is projected to reach 3.29 GW by 2028. However, an additional 1.7–3.6 GW will be required to meet rising demand.
Cyber attack compromised Indonesia data centre, ransom sought: report
Indonesia's communication ministry on Monday said, the attack disputed some government services, most notably at aiports though automated machines were not functional. The Lockbit cybercrime group is notorious for using malicious software called ransomware to digitally extort its victims. They used a new variant of existing malicious software called Lockbit 3.0.
Amazon to invest extra 10 billion euros in Germany
Amazon said Wednesday it will invest an additional 10 billion euros ($10.7 billion) in Germany, most of it in cloud computing, the US tech giant's latest major investment in Europe. A total of 8.8 billion euros will come from Amazon's cloud computing division AWS and will be invested in southwest Germany by 2026, with the rest going into logistics, robotics and company offices.
Microsoft to invest $7.16 billion in new data centres in northeastern Spain
Microsoft plans to invest 6.69 billion euros to develop data centres in Aragon's Zaragoza, a major cloud computing hub in Europe.
What can be the risk to the India bull case scenario? Jonathan Garner answers
There has been unprecedented heat in SoutheastAsia also over the last couple of months. So, I would highlight that as really quite a pressing issue at the moment. I think some of the traditional issues around, let us say, oil import bill and that sort of thing or vulnerability to Fed cycles, they have been much diminished now that the current and capital account situation in India is so much stronger.
IT ministry appoints new group coordinator of cyber laws division
Deepak Goel, Scientist G of NIC, appointed as Group Coordinator of Cyber Laws and Data Governance division of MeitY, replacing Sandip Chatterjee.
Secular bull trend in India significantly reasserting itself: Jonathan Garner
There was a counter trend rally in China in April, but that has run out of steam quite badly in the last two or three weeks as the negative fundamentals have reasserted themselves, so that is nominal GDP growth that is running at only around a third of the level of India, a currency that is more susceptible to weakness than what you see in the case of the Indian rupee.
India has been expensive market post COVID for last three years: Gautam Trivedi
China currently is still at about 9 to 9.5 times calendar 25 PE, we are at 21, 21.5 times, so still a huge premium to China. So, I said, over the past three years, India has been expensive post COVID. You have still put money. In fact, last year, they put cumulative $21 billion of net FPI flows into India. So, year-to-date why are you selling? And they said, finally, we do have an alternative.
Data storage cos in a sweat over need to stay cool
Data centers in western and northern India are facing rising operational costs due to soaring temperatures. Firms like Yotta and CtrlS are using alternative cooling methods and renewable energy, while ESDS reports a 10-12% rise in power costs due to erratic grid supply. Several of these data centres are located in New Delhi, Haryana, Noida.
ByteDance plans $2.1 billion investment in Malaysia for AI, minister says
As part of the deal, the latest in a number of global tech companies expanding into Southeast Asia, ByteDance will also expand its data centre facilities in Malaysia's Johor state through an additional 1.5 billion ringgit investment, Investment, Trade And Industry Minister Tengku Zafrul Aziz said.
Why there is an urgent need for data centres to go green
Data centres are significant consumers of electricity, using approximately 2% of the world’s power and emitting CO2 that is equivalent to the airline industry, a high carbon intensive business.
HCLTech, Arm collaborate to work on custom silicon chips for AI-led biz
The partnership will enable semiconductor manufacturers, system OEMs (original equipment manufacturers) and cloud services providers to enhance the computing efficiency of their data centre environments, HCLTech said in a statement.
Digital infrastructure company Equinix tries out hydrogenated vegetable oil for green power
The company collaborates with universities, government agencies and industry bodies to develop sustainable technologies, such as hydrogen fuel cells and software-defined power.
Govt saying aye to laying strong AI foundation
The government may rope in higher education institutes, key researchers for the model that can be customised for wide range of applications. It will be trained on publicly available data, digitised records of books, journals and research papers from public libraries.
POSH case reporting confined to a fraction of India Inc cos: Study
A recent analysis of 300 NSE listed companies reveals a concerning trend in reporting sexual harassment complaints under the POSH Act. Despite a rise in complaints, many companies reported zero cases, indicating possible non-compliance. Larger companies, with more resources, tended to report more cases, but size alone couldn't explain the low reporting. The findings emphasize the need for better awareness and reporting mechanisms to address workplace harassment effectively.
How family businesses need to combine intuition with data-driven processes for hiring professionals
Infusing external talent to bring fresh perspectives, specialised expertise and strategic insight is imperative to propel the business forward. However, the senior talent acquisition process is not without challenges.
Britain attracts new £1 biliion AI investment
US tech firm CoreWeave, a provider of cloud computing services for artificial intelligence, said Friday it will plough £1.0 billion ($1.3 billion) into Britain, the country's latest major AI investment. "We're leaving no stone unturned to make the UK the best place for pioneering companies like CoreWeave to grow their roots," he noted, adding that Britain had the third highest number of AI companies and private investment in the world.
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