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PGIM Real estate acquires data center land in GermanyPGIM has purchased property in Germany near Munich to build a data center. The investment was made by the company through its European Value Partners II Fund, for an undisclosed amount. The Munich data center site is located in the middle of Munich, between the city and airport. It is equipped with 30MW...Read MoreCloud giants report sales growth amid AI interest recoveryAlphabet reported higher than expected sales for their cloud computing divisions, thanks to artificial intelligence (AI), which is driving a rise in corporate spending. Reuters reported that big cloud customers are spending again, after pausing to reduce costs. Amazon Web Services, the cloud computing division of Amazon, saw a 17% increase in revenue.Read MoreMicrosoft and Brookfield collaborate on 10.5GW of renewable energy projectsMicrosoft, Brookfield Asset Management and Brookfield Renewable signed a global five-year deal to produce over 10.5GW new renewable energy capacity. Microsoft has partnered with Brookfield Asset Management to help access renewable energy in an effort to reduce carbon emissions and move to cleaner energy. This move is intended to meet the growing demand for cloud computing, fueled by...Read MoreMicrosoft to invest PS1.4bn in Indonesia to improve cloud computing and AIMicrosoft announced an investment plan of PS1.4 billion ($1.7billion) over four years to improve cloud and AI infrastructure in Indonesia. This announcement was made the day after Microsoft CEO Satya Nadella held a meeting with Indonesian president Joko Widodo. Around 840,000 people in Indonesia will receive AI training, and the growing developer community is also getting...Read MoreIsland, a company that develops enterprise browsers, raises investment of PS139m at a valuation of PS2.3bnIsland, a maker of enterprise browsers, has seen its valuation double in less than a 12 months to reach PS2.3bn ($3bn) as part of a Series D round led by Coatue Capital and Sequoia Capital. Founded by Thomas.
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