Power Shortages Are Turning More Data Centers Into Their Own Utilities
As the data center industry's appetite for energy continues to grow, land with access to the massive amounts of power these facilities need has become scarce in major data center hubs like Northern Virginia and Silicon Valley. It's a situation that is becoming increasingly dire, with demand for new data centers significantly outpacing the ability of regional utilities to make the infrastructure improvements needed to expand capacity.
Goldman Sachs To Write Down Value Of Commercial Real Estate Loans, Equity
Investment banking giant Goldman Sachs is getting ready to swallow lower values on its commercial real estate loans and equity investments. Goldman Sachs CEO David Solomon told CNBC the firm will take impairment charges on commercial real estate assets on its books for the second quarter of the year. Those assets includes loans as well as a direct stake it has taken in some properties.