The BoE and City regulator the Financial Conduct Authority will aim to ensure the four main providers of cloud and tech services to banks are resilient and actively reducing the risk of cyber attack. The BoE and City regulator the Financial Conduct Authority will aim to ensure the four main providers of cloud and tech services to banks are resilient and actively reducing the risk of cyber attack. Direct oversight of'critical third parties' such as Oracle and Microsoft given to ensure resilient cyber-defences and help safeguard UK economy The Bank of England has been handed powers to regulate important tech firms including Amazon and Google from next week, amid fears that system failures could threaten financial stability and harm consumers. From Monday, the Bank and fellow City regulator the Financial Conduct Authority (FCA) will be in charge of ensuring that four large-scale providers of cloud and tech services to banks are resilient and actively reducing the risk of cyber-attacks and major outages that could disrupt services for millions of people and businesses across the UK. This will mean having "direct" oversight of local arms of Amazon Web Services, Google Cloud, Oracle and Microsoft, all of which have been identified as "critical third parties" by the UK government, according to an announcement on Friday.

Phone cluster computing turns old smartphones into low-carbon data center servers. Google says UC San Diego plans to launch a 2,000 Pixel phone data center in Fall 2026.

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Trump Says He'll Fast-Track Private Gas Plants to Power AI Data Centers "They can't believe it, that they're approved in a period of a matter of weeks." President Trump speaks to reporters at the White House on July 6, 2026. Get your news from a source that's not owned and controlled by oligarchs. In brief remarks to reporters Monday at the White House, President Donald Trump noted that he was shocked to learn how much energy developing artificial intelligence requires and said his administration is now approving plans for energy facilities to power data centers in "a matter of weeks." After first describing his investment accounts for children, Trump responded to a question on cryptocurrency and said Big Tech leaders racing to develop artificial intelligence have told him they need access to double the country's existing energy capacity in order to advance technologies and outpace foreign competitors.

Hiroo Ota (center left), CEO of Kioxia Holdings, and others unveil Kioxia's new 3D flash memory chip at its Kitakami plant in Kitakami, Iwate Prefecture, on Friday. Kioxia Holdings has started shipping samples of its next-generation flash memory chips to artificial-intelligence data center operators, seeking to gain ground in the lucrative business against rivals. The Tokyo-based chipmaker's latest high-density 3D flash memory chips aim to better meet AI data center needs with better efficiency and transmission speeds. The 332-layer 10th-generation chips pack more data into silicon and can store 59% more data compared with its previous flagship 8th-generation chip, the company said Friday. Production will take place at the company's second manufacturing facility at its Kitakami plant in Iwate Prefecture, which began operating in September last year.

Selling server infrastructure would put Meta in competition with Amazon and Google. Meta could spin up its own cloud business to make use of the infrastructure investments it's made to train and run AI models, reports . The social media provider has traditionally paid for risky bets on smart glasses and virtual reality with the money it makes through its extensive online ad business. Selling cloud infrastructure would put Meta in direct competition with Amazon, Google and newly-minted cloud provider SpaceX. The cloud business could offer multiple services, according to the report, like selling access to AI models run on Meta's infrastructure, or leasing the computing power of its data centers to other companies looking to train AI.

Power grid operators in the United States are warning that a dangerous heatwave could put more strain on an electric grid already under pressure from surging energy consumption. A stretch of extreme heat is expected to intensify across much of the central and eastern parts of the country this week, peaking from Tuesday through Thursday. Temperatures this week are forecasted to climb above 38 degrees Celsius (100 degrees Fahrenheit) from Boston to Washington, DC, pushing up demand for air conditioning. The heatwave coincides with two major events on the US calendar. Saturday's holiday marks the 250th anniversary of the US's independence, and millions are expected to gather for barbecues, parades and fireworks.

Who will control Africa's AI infrastructure, and at what cost? In April, African Union ministers gathered in Tangier, Morocco, to discuss artificial intelligence at a moment when governments across the continent are racing to develop AI strategies, attract investment and expand digital infrastructure. Beneath the enthusiasm, however, sits a more fundamental question. As foreign technology companies invest in data centres, cloud services and AI systems across Africa, how much control will African countries ultimately have over the infrastructure on which those technologies depend? The debate reflects a broader shift in how policymakers are thinking about AI.

People visit the Delta Electronics booth during the annual Computex trade show in Taipei, Taiwan, on June 3, 2026. Thailand's stock market is having the best year among Southeast Asian peers, as investors discover an unlikely source of exposure to the global artificial-intelligence boom. Much of that gain has come from Delta Electronics (Thailand). The maker of power systems for AI data centers has surged more than 80% this year and became Thailand's first $100 billion company, large enough to be worth more than the next four largest Thai stocks combined. While the country lacks the semiconductor champions of Taiwan or South Korea, investors are increasingly recognizing its role in supplying the infrastructure behind AI. "Thailand isn't a pure AI market, but its exposure to data centers, electronics, power systems and digital infrastructure gives investors a new way to view Thai equities beyond the traditional tourism, banks and domestic consumption cycle," Bloomberg Intelligence Strategist Sufianti said in a note. Delta's rise is the clearest evidence of that shift.

Masayoshi Son dismisses Musk's idea for orbital data centers SoftBank founder Masayoshi Son dismissed the idea of space-based data centers, arguing that the AI race will be won by computing power on Earth. SoftBank Group founder Masayoshi Son said there's little merit to building data centers in space, as championed by Elon Musk, predicting that the artificial intelligence race will be clinched by computing power on Earth. The main advantage of building data centers in space would be to slash electricity costs. But such expenses comprise a small fraction of the cost of operating data centers, compared with hardware like chips, Son said during an annual shareholder meeting for SoftBank's mobile unit on Tuesday. The tradeoff for any power cost reductions would also include higher fees to transport everything into space, maintenance and communication delays, he added.