Nvidia, Microsoft, BlackRock, and Elon Musk's xAI are part of a consortium that will acquire Aligned Data Centers for $40 billion, marking the largest global data center deal to date. The partnership aims to enhance AI infrastructure investment, with Aligned currently operating 50 campuses and over 5 gigawatts of capacity. The deal is anticipated to close late next year, pending regulatory approvals.

Amazon has decided to scale back its ambitious AI data center plans, following a similar retreat by Microsoft. The move reflects the growing caution in the tech industry regarding the rapid expansion of cloud infrastructure amid economic uncertainties and changing market demands.