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NextDC chief Craig Scroggie inside a Sydney data storage centre.

Generative AI moves from cloud into physical world

Questions asked on ChatGPT or AI-generated video made on Synthesys are transforming companies such as data centre operator NextDC and property giant Goodman Group.

  • Simon Johanson

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Wall Street has had a mixed start to the week.

Healthcare companies, wage data lift ASX after Wall Street gain

The Australian sharemarket climbed on the back of healthcare companies after a set of strong results from some of its biggest players and softer wage data.

  • Millie Muroi
The IC3 site at the Macquarie Technology Group’s Sydney precinct

Macquarie raises $130m to expand data centre business

Technology group taps investors to boost balance sheet and provide funding to grow its multi-million dollar valued data centre portfolio. 

  • Carolyn Cummins
Fortius Funds Management has sold 549 Harris Street, Ultimo.

Data-hungry apps spur rise in demand for data centres

Data centres, once considered a very alternative asset class that was overshadowed by demand for general warehouses are now keenly sought by investors as strong occupier demand keeps vacancy rates at record lows.

  • Carolyn Cummins
Renders of the Stockland $2b M_Park innovation precinct at Macquarie Park, Sydney

Cybersecurity and e-commerce fuel hot growth of data centres

The launch of property giant Stockland’s $2 billion-plus data centre precinct in Sydney’s north-west is a reflection of how this infrastructure IT sector has gained significant interest from real estate investors.

  • Carolyn Cummins
Renders of the NEXTDC S3 data centre located in Artarmon on Sydney’s lower North Shore, with Multiplex to deliver stage 1

NEXTDC boosts portfolio with new data centre

Data centre owner NEXTDC has expanded its portfolio with the planned construction of a new complex in Sydney’s north to cater for the surge in the need for data storage and processing requirements

  • Carolyn Cummins
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The NBN has held up well under the weight of a big surge of internet traffic during the pandemic.

Fundamental IT rethink drives data centre boom

Data centre operators are fast forwarding their expansion strategies – including property acquisitions – amid burgeoning demand for cloud storage.

  • Tim Boreham
Developers are jockeying for positions in Melbourne’s fast-changing western industrial fringe.

CostaFox sells $22m business park to NextDC

Boutique developer run by Michael Fox and backed by wealthy investor Robert Costa offloads prime business park west of Melbourne CBD.

  • Simon Johanson
NextDC chief executive Craig Scroggie inside one of the company's data centres.

Data sovereignty tensions a boon for NextDC

The $5.5 billion data centre group is making the most of the rush to the cloud and concerns over data sovereignty, increasing its full year revenue by 14 per cent to $205.2 million.

  • Cara Waters
These empty racks will eventually house important IT infrastructure.

Internet has a new home in WA with opening of $200 million data tower

Remember the old golf store on the corner of Lord and Newcastle streets? Well, the internet lives there now.

  • Hamish Hastie

Original URL: https://www.smh.com.au/topic/nxt-137