Flexential has secured an $800 million credit facility to fund data centre development across four US markets. The financing will support more than 130 MW of new capacity, including facilities under construction in Atlanta-Douglasville (36 MW), Portland-Hillsboro (36 MW), and Denver-Parker (22.5 MW). The facility was oversubscribed and increased 60% from an initial $500 million target. It is backed by an 11-bank syndicate, with TD Securities as administrative agent. The funding complements equity investment from Flexential's sponsors, GI Partners and MSIP. CEO Ryan Mallory said the financing enables the company to invest ahead of enterprise and AI-driven infrastructure demand. Flexential operates 40 data centres across 18 markets in the US.

Company founded by former Snap executive Alex Mashrabov targets marketing content for businesses

Wall Street's largest banks are investing billions in AI, though questions persist about returns on these massive expenditures. JPMorgan leads with a nearly $20 billion annual technology budget, claiming its $2 billion AI investment has already matched costs in savings. The bank tracks how its engineers use AI tools and has deployed its proprietary platform to over 200,000 employees. Goldman Sachs spent $6 billion on technology this year, whilst announcing AI-driven efficiency measures that will slow hiring and reduce some roles. Citigroup takes a bottom-up approach with 4,000 employees trained as AI stewards, reporting nearly 90% staff usage of AI tools. Wells Fargo and Bank of America are also deploying AI across operations, from wealth advisory to code development. Morgan Stanley's partnership with OpenAI saved developers over 280,000 hours in the first half of last year. Despite widespread adoption, JPMorgan CEO Jamie Dimon noted banks don't "uniquely benefit from AI" since everyone now uses it.