Datacenters & Digital Infrastructure
Where inference runs, and what stops it running.
Electricity used by data centres, AI and cryptocurrency worldwide in 2022 — about 2% of global demand
In scope: capex and buildout timing, capacity and utilisation, cooling and PUE, site selection, the hyperscaler payer side — and power in full: generation (nuclear, gas, renewables), PPAs, grid interconnect queues, power arbitrage and energy ownership. Power is not a footnote on this rung. Out of scope: the silicon inside the building (hardware), what the compute costs to rent (inference-economics), and energy-transition subjects with no datacenter link, including grid storage, EVs and solid-state batteries.
| Type | Source | Published |
|---|---|---|
| REPORT | NVIDIA and Partners Build America's AI Infrastructure NVIDIA Newsroom · NVIDIA Maps the AI-infra supply chain (DOE supercomputers, neoclouds, power/cooling vendors) on GB300 NVL72; Solstice 100k Blackwell, xAI Colossus 2 500k+ GPUs | 2025-10-28 |
| REPORT | Monetary Policy Report — July 2026 (Data Center & AI Investment Sections) Board of Governors of the Federal Reserve System · Federal Reserve First-party central-bank confirmation that AI data-center construction is now a primary driver of US business fixed investment and GDP growth: business fixed investment +11% annualized Q1 2026 vs +5.5% in 2025, explicitly attributed to AI-infrastructure buildout | 2026-07-10 |
| REPORT | Alphabet Q2 2026 Results (Actual Print) — 8-K Ex-99.1 Alphabet Inc. · Alphabet Inc. (SEC 8-K Ex-99.1) ACTUAL Q2 2026: Google Cloud rev $24.8B (+82% YoY), Cloud op margin 35.6%, Q2 capex $44.9B; free cash flow NEGATIVE $(5.9)B as capex outran OCF, funded by $49.6B equity raise + $20.3B notes. FY capex guide and RPO backlog absent from the exhibit (call/10-Q items). | 2026-07-22 |
| REPORT | Tesla Q2 2026 Update (Actual Print) — 8-K Ex-99.1 Tesla, Inc. · Tesla, Inc. (SEC 8-K Ex-99.1, Q2-2026 Update deck) ACTUAL Q2 2026: capex $5.79B (+142% YoY) turned FCF NEGATIVE $(1.1)B; AI Training Compute table moved AND switched units to MW (Cortex 1 >90MW, Cortex 2 >115MW, both Production; onsite Texas compute more than doubled H1); self-funded by drawing $1.2B cash, no capital raise. | 2026-07-22 |
| REPORT | Texas Instruments Q2 2026 Results (Actual Print) — 8-K Ex-99 Texas Instruments Incorporated · Texas Instruments Inc. (SEC 8-K Ex-99) ACTUAL Q2 2026: revenue $5.46B beat the $5.00-5.40B guide top, 'data center' named a growth leader; analog upcycle confirmed (Analog +26% YoY, Q3 guide steps up to $5.65-6.15B). Supply-side mirror: TXN capex falling ($4.9B->$3.3B TTM), FCF +271% YoY as its 300mm buildout crests. | 2026-07-22 |
| REPORT | Lenovo NVIDIA GB300 NVL72 Rack Scale AI — Product Guide (Rack Power & Cooling Spec) Lenovo Press · Lenovo (vendor product guide) First primary vendor spec in the KB for GB300 NVL72 rack power: 135 kW rack TDP, up to 155 kW peak (50V DC), 72 B300 GPUs + 36 Grace CPUs, ~90% liquid / 10% air. Fills the topic's OLDEST unfilled gap — kW/rack — absent across the prior 13 sources. As-of doc date 2026-07-15. | 2026-07-15 |
| REPORT | CoreWeave Reports Strong First Quarter 2026 Results CoreWeave, Inc. · CoreWeave, Inc. (company IR press release) First neocloud PRIMARY source in the KB. Q1 2026 (qtr ended Mar-31-2026): revenue $2.08B, revenue backlog $99.4B, active power >1 GW / contracted >3.5 GW, Q1 capex $7.70B (~3.7x revenue), operating loss $(144)M, net loss $(740)M; Meta $21B commitment named. Fills the CoreWeave/neocloud-financials gap AND feeds backlog-double-counting (its backlog is contracted to the same hyperscalers whose own backlogs the KB tracks). Q2 2026 not yet released (mid-Aug). | 2026-05-07 |
| REPORT | Measuring energy and water efficiency for Microsoft datacenters Microsoft (Cloud Operations + Innovation) · Microsoft Second hyperscaler fleet PUE/WUE on a stated scope boundary, two comparable fiscal years: global PUE 1.16 (FY24) -> 1.17 (FY25) — WORSE — while WUE improves 0.30 -> 0.27 L/kWh. Regional: Americas 1.16/0.34, APAC 1.28/0.25 (WUE up from 0.03), EMEA 1.16/0.03. Scope EXCLUDES leased capacity and any site under 12 months operational. | — |