Reddit $RDDT, the widely used social media platform known for its diverse online communities, experienced a significant outage on Tuesday, temporarily disrupting access for nearly 31,000 users. According to Downdetector.com, a leading website that aggregates real-time reports of service interruptions, the outage peaked with 30,817 users affected, before the issue was resolved later that day.
Amid surging electricity demand driven by rapid developments in artificial intelligence and the expansion of data centers, the US energy sector is bracing for an unprecedented wave of mergers and acquisitions. Experts predict that 2025 will mark a record year in deal-making, reflecting significant shifts in the electricity and infrastructure markets.
Bitfarms Ltd. $BITF.TO, a Toronto-based company specializing in bitcoin mining, has announced its intention to explore transforming some of its facilities to meet the growing demand for data centers powered by artificial intelligence (AI) technologies. This move reflects the company's effort to adapt to changes in the technological landscape and capitalize on emerging opportunities.
$META has announced a significant expansion of its investments in artificial intelligence (AI) infrastructure, emphasizing its intent to spend up to $65 billion this year. This announcement was made by CEO Mark Zuckerberg on Friday, highlighting that this strategic investment will bolster the company's stance amidst competition from giants like OpenAI and $GOOGL.