TNW | Artificial-intelligence
Applied Digital wants power guarantees from Oracle and Meta, Bloomberg says
Utilities want Big Tech to carry grid costs if AI projects fail. Credit ratings now shape who gets space.
By TNW | Artificial-intelligence
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Meta’s new AI-Optimized data center in El Paso
Credit: Meta
Data centre developer Applied Digital has asked tenants including Oracle and Meta for billions of dollars in guarantees before signing leases, Bloomberg reported. The money secures power for the sites, it said, citing a person familiar with the matter.
Applied Digital is also asking chipmakers Nvidia and AMD for guarantees, the…
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