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

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.
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.
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
JPMorgan, Starwood Property Trust Provide $2 Billion Loan for AI Data Center in Utah
JPMorgan Chase (JPM, Financials) and Starwood Property Trust (STWD, Financials) are providing a $2 billion loan for a 100-acre artificial intelligence-focused data center project in Utah, one of the largest construction loans issued in recent years,
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
The Salt Lake Tribune20d
Here’s how lawmakers propose fueling data centers' ‘insatiable’ energy consumption
As the governor looks to amp up Utah’s electricity production, state lawmakers are grappling with how to supply power to artificial intelligence data centers and other “large load” customers.
KUTV26d
ChatGPT maker OpenAI considering Utah for data center expansion
"AI needs data centers. Data centers need what? They need power," Adams said. Utah hopes to triple its power generation by 2050, but even that may not be enough. "We stand at a pivotal ...
TweakTown28d
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 ...
Digital Economy And AI Reflected In The Data Center
Data centers are central to the AI revolution. See why investment in digital infrastructure and energy is a long-term ...
Harvard Medical School1d
AI data centers burn tons of energy. Can consumers and the grid adapt?
Lauren Bridges weighs in on the environmental impact of AI data centers. "Essentially, more demand means the need to build more energy infrastructure." Read more from Marketplace's Meghan McCarty ...