Business Expansion - YTL Power International is considering expanding into the data center sector [1] - The company is also exploring opportunities to become a power producer in South Africa [1]

safely. All right. You know where there's not a lot of fear and anxiety.At the CNBC CEO Council event on the main streets of Palm Beach Gardens, Florida where Morgan Brennan is. Morgan. >> Yeah, I have the best live chat of the day.Brian, thank you. Joining me now here from the CNBC CEO Council for an exclusive interview, Jim Crane. He is chairman of Crane Worldwide Logistics, which is involved in a whole host of industries, autos, energy, hospitality, life sciences, more.He is also the owner of the Houston ...

Investments by tech companies in new AI data centers are so big they're boosting the US economy. The projects are also gobbling up power and other resources. Here's what to know https://t.co/VJue15L2ZY ...

Partnerships & Manufacturing - OpenAI is partnering with Foxconn to design and manufacture hardware for data centers [1] - This move aims to meet the surging infrastructure needs to support AI systems [1]

You're right. I mean, what do we get in terms of the customer makeup? Uh, we got four 10% plus. So, you've got 22% 15% 13% and 11%. Those are four customers, but we don't know who they are. >> No, we don't. And they're playing very close to the match. But I they also made it clear that if you were the president, uh, the president's obviously very key of what they're doing. Uh I think you'd say again I want as much of that in in the United States as possible. Uh but it it's so vast. Again it's just it's the ...

And I actually think Michael Bur's got this wrong. And so what Michael Bur is saying is that all of these hyperscalers have extended their depreciation schedule or the useful life of their data centers by roughly 2x which cuts the operating costs in half when they report it in earnings and so it's making their earnings inflate. So he's claiming they're cooking the books.Google first made this change in Q1 of 21 where they said the servers are now going from 3 to four years. The chart shows the combination o ...

allowing all of those AI plants that are being built to build their own electric generating force. And they're building them like nobody's ever seen. They're building a plant for $50 billion.You know, if you build a shopping center for $50 million, it's okay. It's not a bad shopping center. 500 million.You're talking about topof the line. They're spending 50 billion. I said, "No, you mean 50 million." "No, no, sir. We mean 50 billion." And then I saw some of them that were the size of Manhattan. ...

AI Technology & Market - The speaker expresses excitement about AI technology and the investments being made to deploy it in enterprises, anticipating significant productivity gains [4] - The market is currently optimistic about AI, potentially underestimating risks and overestimating the speed of adoption; adjustments and volatility are expected [5] - Despite potential short-term volatility, the long-term secular trend of AI is expected to bring extraordinary economic benefits and productivity gains [13][15] - Some AI-related assets may be overvalued, with earnings not meeting current expectations, which is typical in acceleration cycles [18] Capital & Financing - Hyperscalers are investing more of their substantial cash flow into AI projects and are considered financially strong [9] - Data center financing is viewed as real estate deals, with debt serviced by the output of the data centers, and the creditors are typically large, stable companies [10][11] - Private capital formation in new AI companies involves higher risk, with potential for both significant successes and failures [11][12] - Private credit is a large business, and it's important to differentiate between lending to established companies and financing data centers [21][25] - Underwriting standards and risk management are crucial in credit, and economic contractions will reveal the strengths and weaknesses of different lenders [26][27]

Industry Risk - Rising electricity demand from data centers is raising the risk of blackouts across a wide swath of the US during extreme conditions this winter [1] Regulatory Oversight - The regulatory body overseeing grid stability is monitoring the situation [1]

Market Trends & Economic Impact - Market faces key tests with Nvidia results and the September jobs report [2] - Data center buildout is moving to the "rodeo region" (Mountain West and Southwest), attracting billions in investments from tech giants [4] - Capital investment in semiconductor plants and data centers is an important component of overall US economic growth [7] - Google committed $40 billion to Texas, which will have significant knock-on effects on the regional economy, including construction and permanent employment [9] Technical Analysis & Market Performance - S&P 500 broke through its 50-day moving average, the first close below since just before May 1st [19][20] - Sector rotation is the lifeblood of the markets, with healthcare (XLV) up 9% since the beginning of the quarter, while the S&P 500 is negative [25][26] - Bitcoin is down 17% quarter to date and 2% over the trailing 24 hours, breaking support levels [28] - Ethereum is down 21% and Solana down 28% over the last month, indicating damage within the crypto ecosystem [30] - The US dollar index has risen off of lows but upside is limited, with 96 as a level to watch to the downside [31][32] AI & Technology - Grammarly rebranded to Superhum, with a current valuation of over $13 billion [33] - Superhum has 40 million daily active users worldwide, with about a third being students and two-thirds being professionals [36] - Superhum differentiates itself by focusing on "assist" AI, bringing AI to where people work in various applications [39][40] - Superhum does over 100 billion LLM (Large Language Model) calls per week [50] - Superhum generates over $700 million in revenue a year [51]