Amazon has withdrawn from discussions to be the first tenant at Fermi Inc.’s sprawling AI data center
Amazon has withdrawn from discussions to be the first tenant at Fermi Inc.'s AI data center in West Texas, pulling its $150 million advance. Fermi's CEO confirmed the withdrawal but stated talks remain constructive. The project, valued at $19 billion, faces concerns over demand and tenant security. Amazon is also negotiating a $10 billion deal with OpenAI and expanding its AI investments, including a stake in Anthropic and new AI chips.
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