Midday Key Developments on March 5
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Report: Anthropic in talks to lease up to 1GW of data center capacity, with related investments of at least 40 billions dollars
According to media reports, Anthropic is considering renting up to 1GW of computing power from Stream Data Centers. The data center developer indicated that deploying a full 1GW of computing power would require an investment of at least 40 billion USD. Anthropic needs to provide financial guarantees for this lease and separately raise funds for the installed chips.
Meta lost the lawsuit and may face a record fine of up to 219 billions dollars.
Meta lost a lawsuit in New Mexico, USA. The jury found that Meta engaged in deceptive practices regarding public communications and data privacy policies, violating state laws. The New Mexico Attorney General described the verdict as a "milestone moment" in holding tech giants accountable and will petition the court to impose a maximum civil fine of $219 billion on Meta. Meta stated that it disagrees with the verdict and will continue to defend itself.
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