Barron’s (September 24)
“Power availability is a constraint to AI growth.” On Thursday, Oracle “upset the AI apple cart” by seeking to delay payments if a contracted data center “facility doesn’t come online as scheduled in 2028.” The Project Jupiter AI data center in question “had the money, tenants, and AI partners. It didn’t have the permits.” Delays like this send a bearish message: “less revenue for the ones selling equipment to massive data center projects.”
Tags: AI, Bearish, Constraint, Data center, Delay, Growth, Money, Online, Oracle, Partners, Payments, Permits, Power availability, Project Jupiter, Revenue, Tenants
Bloomberg (June 13)
“China’s skyscraper age is over,” but not everyone realizes this. China currently boasts “46 percent of the 500-foot-plus buildings under construction in the world,” but things are changing. Standing at over 2,000 feet, Shanghai Tower provides a stark reminder. Though it “is the world’s second-tallest building…only 60 percent of Shanghai Tower is rented out, and only a third of current tenants have actually occupied their leased space.”
Tags: Buildings, China, Construction, Leased, Rented, Shanghai Tower, Skyscraper, Tenants
