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Quanta Services has issued a bullish 2026 profit forecast that exceeds analyst expectations, citing unprecedented demand for infrastructure to support AI data centers. The company is positioning itself as a critical enabler of the AI revolution by upgrading the electrical grids required to power next-generation computing facilities.
Pacific Gas and Electric (PG&E) has announced a commitment to prevent the rapid expansion of AI data centers in California's Central Valley from increasing residential electricity bills. The utility plans to implement a user-pays model, ensuring that tech companies shoulder the infrastructure costs required for high-density computing facilities.
OpenAI and India's Tata Group have entered a strategic partnership to develop specialized AI data centers across the subcontinent. This collaboration aims to provide the high-performance compute necessary for localized AI services while leveraging Tata's industrial and digital infrastructure.