Amazon Has Paused Some Data Center Lease Commitments, Wells Fargo Says 10
Amazon has delayed some commitments around new data center leases, Wells Fargo analysts said Monday, the latest sign that economic concerns may be affecting tech companies' spending plans. From a report: A week ago, a Microsoft executive said the software company was slowing down or temporarily holding off on advancing early build-outs. Amazon Web Services and Microsoft are the leading providers of cloud infrastructure, and both have ramped up their capital expenditures in recent quarters to meet the demands of the generative artificial intelligence boom.
"Over the weekend, we heard from several industry sources that AWS has paused a portion of its leasing discussions on the colocation side (particularly international ones)," Wells Fargo analysts wrote in a note. They added that "the positioning is similar to what we've heard recently from MSFT," in that both companies are reeling in some new projects but not canceling signed deals.
"Over the weekend, we heard from several industry sources that AWS has paused a portion of its leasing discussions on the colocation side (particularly international ones)," Wells Fargo analysts wrote in a note. They added that "the positioning is similar to what we've heard recently from MSFT," in that both companies are reeling in some new projects but not canceling signed deals.
Can't wait (Score:4, Funny)
It will be nice when we have those million square foot Spirit Halloween stores in a few months.
Re: (Score:3)
It will be nice when we have those million square foot Spirit Halloween stores in a few months.
Actually, with all the tariffs, the Spirit Halloween store might need its own Spirit Halloween store. Is it Spirt Halloween stores all the way down?
nuclear power requirement (Score:3)
It will be nice when we have those million square foot Spirit Halloween stores in a few months.
I don't understand. It wasn't that long ago Amazon was pushing for nuclear power to meet its insatiable requirements [slashdot.org]. Given the waste, nuclear is a very long term commitment.
Does it matter that story posted just before the election?
In other news, Amazon was a sponsor [rollingstone.com] of today's 147th White House Easter egg roll [wikipedia.org].
Re:nuclear power requirement (Score:4, Insightful)
Re: (Score:2)
That's an interesting point. It likely was to curry favor with trump. They must have known back then that AI is going nowhere: that demand is nowhere nearly as big as they thought. Microsoft is doing exactly the same thing.
Three Mile Island nuclear plant to help power Microsoft's data-center needs [nbcnews.com]
Sept. 20, 2024, 4:26 PM GMT+2
By Rob Wile
A unit of Pennsylvania's Three Mile Island nuclear plant will be restarted as part of a new energy-sharing agreement with Microsoft, which plans to use it to power the data centers it operates as part of its push into artificial intelligence.
In a joint release, Microsoft and Constellation Energy, Pennsylvania's main utility, said Three Mile Island Unit 1, a unit separate from the one that spar
Re: (Score:2)
It will be nice when we have those million square foot Spirit Halloween stores in a few months.
I don't understand. It wasn't that long ago Amazon was pushing for nuclear power to meet its insatiable requirements [slashdot.org]. Given the waste, nuclear is a very long term commitment.
Amazon isn't the only one scaling back on datacenter requirements. It makes me wonder if there isn't some new discovery making AI either far more efficient, or far less useful than the planners had envisioned. Or if everybody is just timid during the current economic... uh, what do we call it? Uncertainty would imply there isn't intentional malice involved, so it's not that. Stupidity? Whatever you wanna call it. Almost like the industry is seeing that infinite money supply may not be sustainable in the cur
Is there a list? (Score:2)
Is there a public disclosure, list of these locations?
Re:Is there a list? (Score:4, Interesting)
Is there a public disclosure, list of these locations?
Speaking of public disclosure, this entire topic is rather oddly public.
If I’m the CEO of (very) publicly traded company, why in the hell would I be pleased about a fucking bank publicly speculating about my future plans and investments on my behalf, especially if those speculations could have a negative impact? Wells Fargo “heard over the weekend”? Where? At the local fucking bar? Sounds like the kind of shit TMZ would do.
Perhaps Microsoft should start speculating as to how many branches a publicly traded banking institution is closing down this year based on the number of Office365 license renewals. You know, just for shit-slinging stock-smashing grins.