GlobalFoundries, headquartered in New York, was awarded $300 million for AI data center technology and holds 73% of the company.
1 report, 1 independent
Updated Jul 31
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What happened
GlobalFoundries, headquartered in New York, was awarded $300 million for AI data center technology and holds 73% of the company.
Who's involved
What this event is mainly aboutKeep exploring
Part of
AI tenants are driving office demand in New York, while Texas and San Francisco see massive investment in data centers and real estate.Also in this story
- The AI boom is driving corporate expansion and office tenancy in San Francisco, involving companies like OpenAI and Meta.
- New York lawmakers are establishing guardrails around AI systems, alongside the EU releasing a voluntary code of practice for compliance.
- Greg Abbott and the Electric Reliability Council of Texas pledged future work with the legislature on energy policy and addressed immediate steps regarding data center expansion costs.
- Governor proposes regulations to manage data center growth in Texas.
The entities involved
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GlobalFoundries
multinational semiconductor company
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New York
state of the United States of America