THAILAND'S RICHEST MAN BETS $4.3B ON AI INFRASTRUCTURE
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Sarath Ratanavadi plans to invest up to 140 billion baht through Gulf Development Pcl over five years to expand data centers and infrastructure supporting artificial intelligence growth in Thailand.
■ MORE FROM THE BUSINESS DESK
Oracle has sent a force majeure notice to Blue Owl Capital Partners regarding Project Jupiter, a 2.45-gigawatt data center under construction in New Mexico. The notice protects Oracle from payment obligations if the facility fails to launch by 2028.
ASML's European revenue share fell to 0% in Q1 and Q2 2026, down from 1% in 2025 and 5% in 2024. The chipmaking equipment maker is now calling on EU authorities to stimulate demand for domestically produced semiconductors.
Australian data center operator Firmus plans to raise $5 billion in its upcoming initial public offering, despite expecting a $77 million after-tax loss in the first half of fiscal 2027, according to its draft prospectus.
A consortium led by BlackRock and IFM Investors has entered exclusive negotiations to acquire Stack Infrastructure's Asia Pacific data center portfolio. The potential transaction values the assets at approximately $25 billion.