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The post Bezos’ Blue Origin joins race to operate space data centers appeared on BitcoinEthereumNews.com. Jeff Bezos’ aerospace company is now a direct competitor of Elon Musk’s SpaceX after announcing that it’s creating the technology necessary to launch data centers in space.  Blue Origin has been working on the technology to launch data centers in space for more than a year, meanwhile SpaceX wants to upgrade its satellites to handle AI computing.  Blue Origin and SpaceX compete for space AI  Jeff Bezos’ aerospace company Blue Origin has announced that it has been developing the necessary technology for artificial intelligence data centers in orbit for more than a year, according to reports citing people familiar with the matter. The concept of data centers in space has gained significant attention among tech giants due to traditional Earth-based facilities consuming massive amounts of electricity and water.  Data centers currently account for around 415 terawatt hours of electricity globally, which is roughly 1.5% of the total power consumption in 2024, according to the International Energy Agency. Large facilities can use up to five million gallons of water per day for cooling. SpaceX reportedly plans to use upgraded Starlink satellites to host AI computing payloads and is pitching this technology as part of a share sale that could value the company at up to $800 billion. Musk denied the $800 billion figure on social media and called such reports inaccurate.  He clarified that SpaceX conducts regular stock buybacks twice a year for employee liquidity rather than raising new capital. Amazon founder Bezos predicted in October that gigawatt-scale data centers would be built in space within the next 10 to 20 years. He argued that the continuously available solar energy would eventually make space-based facilities more cost-effective than those on Earth. “We will be able to beat the cost of terrestrial data centers in space in the next couple of decades,”…

Jeff Bezos’ aerospace company is now a direct competitor of Elon Musk’s SpaceX after announcing that it’s creating the technology necessary to launch data centers in space.  Blue Origin has been working on the technology to launch data centers in space for more than a year, meanwhile SpaceX wants to upgrade its satellites to handle […]

The Asian Development Bank (ADB) has approved a $500-million (around P29.56 billion) policy-based loan to support the development of the Philippines’ blue economy. The financing for the Marine Ecosystems for Blue Economy Development Program Subprogram 1 was approved on Thursday, the multilateral lender said in a statement. This loan seeks to “strengthen the productivity and […]