UAE
ADIA Eyes Major AI Investment Push via Project Prometheus
ADIA is reportedly in early discussions to participate in a major fundraising round for Project Prometheus, a relatively secretive AI-focused investment vehicle now co-led by Jeff Bezos, which is said to be raising tens of billions of dollars to acquire companies and assets expected to be disrupted by AI. According to the report, Prometheus is targeting sectors such as automotive, spacecraft, and computer manufacturing / engineering, aiming to capitalise on the reshaping of industrial supply chains and technology production. Bezos reportedly became co-CEO in late 2025, marking his first formal operational role since stepping down as Amazon CEO, and the firm has been building out its bench with senior hires from leading AI organisations. The talks underscore ADIA’s continued appetite for large-scale technology exposure, following recent moves including an investment in Chinese AI company MiniMax and a larger stake in US data centre operator Vantage Data Centers to support expansion in Asia-Pacific…Read more
Global
The Pipeline Pauses: CBRE Flags First Post-2020 Construction Decline
CBRE reports that the US data centre development pipeline in primary markets tightened in 2025, with capacity under construction falling to 5.9GW at year-end (down from 6.3GW in 2024) – the first decline since 2020 – as projects face delays tied to permitting, zoning, and securing power. While several major hubs saw construction activity drop (including Northern Virginia (-29%), Hillsboro (-15%), Silicon Valley (-14%), and Atlanta (-4%)), growth shifted to other metros: Dallas–Fort Worth rose 15% and Chicago jumped 169%. Demand, however, continued to climb, with net absorption increasing to 2.5GW (from 1.8GW in 2024), led by Northern Virginia (1.1GW) and strong momentum in Dallas–Fort Worth (470MW absorbed). With vacancy hitting a record-low 1.4%, CBRE says limited available inventory is driving more pre-leasing and off-market deals, and expects tight conditions to persist as new supply remains constrained…Read more
CoreWeave Adds 5GW to 2030 Capacity Plan as AI Demand Surges
CoreWeave says surging AI demand is driving a major new expansion in its data centre buildout and spending plans. On its Q4/FY2025 earnings call, the company announced it is adding 5GW of planned contracted data centre capacity by 2030, after ending 2025 with 850MW of active power across 43 data centres (up from 32 at the start of the year), including 250MW delivered in Q4. Management said it contracted nearly 2GW of additional power in 2025, taking total contracted capacity to 3.1GW, with “virtually all” expected to come online by 2027 – creating a large pool of future, contracted revenue to monetise as sites are built. With previously delayed projects now reportedly resolved, CoreWeave’s investment is accelerating sharply: Q4 capex hit $8.2Bn and the firm expects 2026 capex of $30–35Bn, tied largely to signed customer contracts and a plan to double active power to 1.7GW by end-2026. Financially, revenue momentum remains strong ($1.57Bn in Q4; $5.1Bn FY2025, up from $1.9Bn in 2024), alongside a $66.8Bn contracted revenue backlog, with guidance of $12–13Bn revenue in 2026 and ambitions for a $30Bn annual run-rate in 2027. CoreWeave also highlighted persistent GPU supply constraints and continued strong demand even for older-generation chips (increasingly for inference), while noting it raised $18Bn in debt and equity in 2025 and has secured an additional $2Bn investment from Nvidia so far this year…Read more