Market Chatter: Google in Talks With Poolside to Revive Data Center Project

MT Newswires Live04-02 18:28

Alphabet's Google (GOOGL, GOOG) and other cloud providers have held talks with AI start-up Poolside to resurrect a scheme to build a large Texas data center project, the Financial Times reported Thursday, citing people familiar with the matter.

The talks follow the collapse of the 2-gigawatt Horizon data center project in Texas with CoreWeave (CRWV) and the failure of a $2 billion funding round led by Nvidia (NVDA), the report said.

Poolside was in discussions with Google to get the Horizon project up and running as a 400 megawatt data center, although one source for the report said those negotiations are no longer active.

Google and Poolside did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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