Banks loan $2B to build AI data center in Utah

Banks Loan $2 Billion to Build a 100-Acre AI Data Center in Utah
Developers of a Utah data center have secured one of the biggest construction loans in recent years, the latest sign of the market’s enormous appetite for facilities that provide the backbone for artificial intelligence.
Building data centers to support AI and how it could impact your electricity bill
AI and data centers are knocking on the states' doors looking to locate their facilities. Such centers consume a lot of energy and Utah is looking to be prepared. A measure to insulate ratepayers from bearing the costs passed the Senate.
AI Daily: Banks loan $2B to build AI data center in Utah
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this
JP Morgan, Starwood Lend $2B on Utah Data Center Project
CIM Group and Novva Data Centers secured $2 billion of construction financing to build a data center campus in suburban Salt Lake City.
JPMorgan Chase, Starwood Property lend $2B for AI data center - report
JPMorgan Chase (NYSE:JPM) and Starwood Property Trust (NYSE:STWD) agreed to lend $2B for a 100-acre AI data center being built in Utah, one of the largest construction loans in recent years, according to a media report published on Tuesday.
JPMorgan, Starwood lend $2B for 100-acre data center, WSJ says
JPMorgan Chase (JPM) and Starwood Property (STWD) agreed to lend $2B for a 100-acre data center campus in West Jordan, Utah, Peter Grant of The
DatacenterDynamics3h
Novva secures $2bn loan to expand West Jordan campus in Utah
The funds will allow Novva to complete the second and third phases of construction of its 100-acre data center campus - ...
A Utah representative's bold move to rein in Big Tech
When you join a social media platform, you sign over the rights to your digital identity. A bill in Utah hopes to change that ...
KUTV27d
ChatGPT maker OpenAI considering Utah for data center expansion
SALT LAKE CITY (KUTV) — OpenAI, the company behind ChatGPT, has placed Utah on a shortlist of states under consideration for a new data center campus. The facility would be crucial in supporting ...
TweakTown29d
Future AI data center capacity could require 10 gigawatts by 2025, more power used than Utah
more power capacity than the state of Utah. RAND continues, explaining that if exponential growth in AI chip supply continues, AI data centers will require 68GW in total power capacity by 2027 ...