CapitalUnited States

Sequoia, Nvidia Back Mecka AI’s Robotics Push

Credited to Bloomberg$ · bloomberg.com52m ago

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Mecka AI has raised $60 million in Series B funding led by Sequoia Capital, with backing from Nvidia, Microsoft’s M12 and Qualcomm, as it builds technology to help robots understand and operate in the physical world. CEO and cofounder Josh Gao discusses the enormous data…

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Capital · United States

Black Hills plans $1.8 billion investment to power Google's data center

Credited to The Economic Times · economictimes.indiatimes.com · 16h ago

Photograph · The Economic Times

Black Hills Corp said on Tuesday it signed agreements to power a proposed Google data center in Cheyenne, Wyoming, and plans to spend $1.8 billion from 2027 to 2029 on new generation

Black Hills Corp said on Tuesday it signed agreements to power a proposed Google data center in Cheyenne, Wyoming, and plans to spend $1.8 billion from 2027 to 2029 on new generation capacity, as tech firms race to secure electricity for power-hungry AI data centers.

* Black Hills said it will build 564 megawatts (MW) of new generation capacity for the Cheyenne project

* The project is expected to draw on a 2.7-gigawatt (GW) resource mix, including reserve margins, with power deliveries set to begin in late 2027 and peak load expected in 2030

* Black Hills will supply up to 590 MW from the grid, mostly from a new gas plant at its Cheyenne Prairie Generating Station and manage about 2.1 GW of third-party resources in Wyoming through a privately managed microgrid

* The South Dakota-based utility expects the project to add about $150 million to its net income by 2030

* The agreement requires Google to cover the full cost of supplying electricity to the data center, preventing those expenses from being passed on to other utility customers

* Separately, Google also signed a 3.59-GW power contract with Constellation Energy, which will invest more than $4.3 billion in its fleet

* In August last year, Black Hills agreed to merge with NorthWestern Energy in an all-stock deal to create a $15.4 billion regulated electric and natural gas utility

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