AI infrastructure company Nebius signed a deal to provide up to $27 billion in AI computing capacity to Meta over the next five years, including a guaranteed $12 billion purchase by 2027. Reuters reports: Under the agreement, Meta will also buy an additional $15 billion worth of capacity planned by Nebius over the coming five years if it is not sold to other customers, giving the contract a total value of up to $27 billion, Nebius said. The deal is the latest example of U.S. tech giants' efforts to supplement their own AI data-centre build-outs by locking in scarce GPU and power capacity from "neocloud" providers like Nebius. Nebius CEO Arkady Volozh said the latest Meta deal would help "accelerate the build-out and growth of our core AI cloud business." Further reading: Data Centers Overtake Offices In US Construction-Spending Shift

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An anonymous reader quotes a report from Bloomberg: Spending on data center projects in the U.S. has exploded, surpassing offices for the first time at the end of last year. It's a trend Matt Kunz saw early on when Meta built a computing hub outside Columbus, Ohio. Other tech companies soon swarmed into the area, drawn by its stable economy, university talent pipeline and ample power, water and land, said Kunz, vice president and general manager at Turner Construction Co., the firm that led Meta's build-out. Since Meta broke ground in 2017, it's expanded its data center campus, and Amazon.com Inc., Alphabet Inc.'s Google and Microsoft Corp. made plans to join it nearby. "When one shows up, almost all the other ones tend to follow," Kunz said. For Turner, a construction giant responsible for supertall office skyscrapers, sports stadiums and cultural venues around the globe, data centers are commanding more of its bandwidth. The company completed $9.4 billion of the projects last year, more than five times its 2020 total. Last month, Turner announced it was chosen as one of the contractors on a $10 billion data center for Meta in Indiana. Tech companies' needs for AI processing facilities have made data centers the latest darling of the real estate industry. The properties are figuring heavily into portfolios of major investors such as Blackstone, Brookfield Asset Management and KKR, on a bet that long-term demand for computing power will continue to grow. At the same time, office development has slowed as cities across the U.S. contend with vacancies that have piled up since the Covid lockdowns. Construction spending for data centers has climbed steadily in recent years, while outlays for general office projects headed downward, U.S. Census data show. The two crossed paths in December, with roughly $3.57 billion spent on data centers that month, compared with $3.49 billion for offices, according to preliminary estimates. The shift is likely to continue and "may perpetuate itself even further as AI is utilized for automating day-to-day jobs," said Andy Cvengros, co-lead of U.S. data center markets for the brokerage Jones Lang LaSalle Inc. "It's going to directly impact the amount of office space people need." According to Christopher McFadden, senior vice president at Turner, more than a third of the company's backlog is now tied to data centers. "We're going to be building these at this scale for years to come," McFadden said. "There's a lot of wind in the sail."

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A German court ruled that TCL misled consumers by marketing certain TVs as "QLED" when they "do not deliver the color reproduction expected from QLED TVs." It has ordered the company to stop advertising or selling those models in Germany. TechRadar reports: The case was filed by Samsung, which claimed that TCL was running deceptive advertising, and more court cases on the same topic are coming in other countries, including the US. The lawsuits all make the same claim: that what TCL calls a QLED isn't a QLED as it's commonly understood, and that consumers are being mis-sold TVs as a result. The court found that TCL's quantum dot TVs, such as the QLED870 series available in Germany, didn't deliver the characteristics of a quantum dot LED, and that consumers were being misled as a result. The tests were commissioned by Seoul chemicals company Hansol Chemical (which, it's worth noting, works with Samsung, a key TCL rival, and which heavily promoted the results of these tests alongside launching the court case) and carried out by Geneva's SGS and the UK's Intertek. According to ET News (via Google Translate), "no indium (In) or cadmium (Cd) was detected in three TCL QD TV models. Indium and cadmium are essential materials that cannot be omitted for QD implementation... if neither is present, QD technology cannot be said to have been applied." You can see the test results here. TCL disputed the findings -- "The QD content may vary depending on the supplier, but it definitely contains cadmium," it responded -- and published its own tests, including a test by SGS, the same firm that conducted tests for Hansol. The results contradicted Hansol Chemical's tests, but those tests used a different methodology: where TCL's tests focused on TCL's quantum dot films, Hansol's commissioned tests were on finished TCL TVs. [...] Hansol Chemical has filed a complaint against TCL with the US Federal Trade Commission, alleging false advertising, and TCL is also facing class action lawsuits in several US states making the same claim. TCL isn't alone here: Hisense has also been targeted in the US.

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