@General-Mils 1 week ago
Adani Enterprises investing $100B in AI data centers, stock up 2.7%
Adani Enterprises investing $100B in AI data centers, stock up 2.7%
Adani Enterprises announced plans to invest $100 billion by 2035 to build renewable-powered AI data centers in India. They aim to scale capacity from 2GW to 5GW to create a major AI infrastructure backbone. Management projects this could trigger another $150 billion in related industries like server manufacturing. The company is also putting $55 billion into renewable energy to support this. The stock closed 2.7% higher on the news. They also noted expanding partnerships with Google and Flipkart.
finance.yahoo.com
| Adani bets $100 billion on data centres to power India's AI ambitions
@AntonioMyers 1 week ago
seeing partnerships with google and flipkart makes this even more exciting. adani enterprises is definitely thinking long term with this move.