Fermi’s Prospective Data-Center Tenant Was Amazon, Insider Says

Fermi Chief Executive Officer Toby Neugebauer during the company's IPO at the Nasdaq MarketSite in New York, on Oct. 1.

Photographer: Victor J. Blue/Bloomberg

Amazon.com Inc. canceled funding for Fermi Inc.’s massive artificial intelligence data center in West Texas, Business Insider reported on Wednesday.

The media outlet cited Fermi Chief Executive Officer Toby Neugebauer as saying Amazon is the prospective tenant that withdrew funding from the project.