GE Vernova, Oracle, and the AI Investment Market are seeing capital spending rise to $90-$95 billion, driven by the use of gas power turbines in data centers.

The entities involved

• GE Vernova →

  American energy equipment manufacturing company

  • GE Vernova spun off from General Electric on July 30, 2025.Mon 16:21
  • Hitachi and GE Vernova formed a joint venture to explore BWRX-300 SMR deployment in Europe.Mon 03:37
• Oracle →

  company in Madrid, Spain

  • Major tech companies, including SpaceX, Google, and Nvidia, are expanding into AI technology, benefiting from increased demand for AI infrastructure and memory supply.Mon 11:53
  • Oracle's AI spending plan relates to OpenAI's compute needs, which in turn benefits Nvidia as a chip supplier.Mon 11:00

Related events

• Bloom Energy, Oracle, and partners secured a $2.65 billion deal to supply fuel-cell power for Intel's AI data center.Aug 25
• Bloom Energy, Oracle, and Brookfield Asset Management are collaborating on data centers driven by sustained demand from AI infrastructure.Thu 19:43
• Major tech companies, including Nvidia, Oracle, and Intel, collaborate to advance PowiGaN technology amid sustained AI data center expansion.Sep 11
• Microsoft partnered with Chevron, while Solar Turbines (a Caterpillar subsidiary) and GE Vernova provided gas turbines for the data center facility.Jun 23
• Oracle and Amazon are competing with other companies for the necessary power and capacity to run their AI data centers.Jul 25