Industry

Industry

The business side of tech. Analysis on tech giants, startups, market trends, emerging technologies, and policies shaping the IT landscape.

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Inside the data center boom that's consuming Chile's last water

Data centers are diverting water from capital region in Chile's worst drought in 1,000 years
A hot potato: Anti-data center sentiment has intensified in the US since the AI boom began around 2022. However, the US is far from the only country in which data centers, built for AI and other technologies, negatively impact power and water supplies. In Chile, they are one of several factors driving a historic water crisis.
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Tech layoffs have already passed 100,000 in 2026 as the industry cuts jobs to fund AI

Meta, Cisco, Intuit, and PayPal lead a wave – 2026 is shaping up to be brutal
A hot potato: Tech sector job losses in early 2026 have already surged past 100,000, and the past month suggests the trend is not subsiding. While AI automation is likely not the sole cause, aggregated reports suggest it is the leading factor, with Meta's transition into an "AI-first" company headlining May's damage to the job market.
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Nvidia hits record $81.6 billion revenue as AI boom shows no sign of slowing

"Customers do not buy GPUs; they build AI factories"
What just happened? If the AI boom really is a bubble that will one day pop, it hasn't happened yet. Nvidia, the driving force behind the hardware powering most of the AI industry, once again surpassed Wall Street expectations in its quarterly results, hitting a record $81.6 billion in revenue.
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