End of preview - This article contains approximately 1217 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Economy & Business - November 2025
Power-hungry AI could spell latest economic boon for Southern Cone
Running the data centres that operate artificial intelligence (AI) requires so much energy that the US struggle to provide it as fast as the big tech companies would like. Enter Argentina, which can provide exactly what operators of data centres are looking for: clean energy, plenty of water for cooling, lots of space, and, at least currently, a business-friendly government. And so it was that OpenAI announced in October a project to build a massive, US$25bn data centre in Argentina known as ‘Stargate’, with an estimated electrical capacity of 500 megawatts (MW). President Javier Milei’s office has described Stargate as “one of the largest energy technology and infrastructure initiatives in Argentina's history”.
- Power-hungry AI could spell latest economic boon for Southern Cone
- ECUADOR: The silver lining in a month-long national strike
- BOLIVIA: Paz inherits an economy in crisis
- ECONOMIC HIGHLIGHTS
- BRAZIL: BYD and Lula bet on each other with new factory
- BRAZIL: Lula seeks to crank up pre-election spending
- ARGENTINA: Vaca Muerta drives silent energy revolution
- ECONOMIC HIGHLIGHTS
- REGION: New strategy aims to boost multi destination tourism
- PANAMA: Lawmakers approve move to join Mercosur as associate member
- EL SALVADOR: Extreme poverty increases despite Bukele’s pledge on economy
- TRINIDAD & TOBAGO: New government’s first budget
- HAITI: IMF could offer route to wider funding
- REGION: 25x25 not quite there yet
- ECONOMIC HIGHLIGHTS
- MEXICO: Citigroup to proceed with Banamex IPO despite rival bid
- MEXICO: Extortion of agricultural producers drives food prices up
- MEXICO: Torrential rains bring economic disruption
- ECONOMIC HIGHLIGHTS