Symbolic imageHandelsblatt reported on Saturday that Nvidia plans to put billions into firms building on its AI platform, deepening the chipmaker's financing of its own customer base. The build-out already reaches into power, with Amazon backing a private gas plant in Texas.
Nvidia is the chipmaker at the centre of the current build-out of artificial-intelligence computing capacity, and OpenAI is pursuing data-centre projects that require financing on a scale far beyond ordinary corporate borrowing. The reported arrangement would not be a direct investment but a guarantee: Nvidia would stand behind financing raised by others, taking on the credit risk rather than supplying the capital itself. This story concerns a Wall Street Journal report that such talks cover up to $250 billion, a figure well above Nvidia's previously disclosed individual commitments to AI infrastructure. Bloomberg and Reuters have relayed the report without independent confirmation, and no comment from either company appears in the available coverage. A separate, much smaller Nvidia investment of $1 billion in an AI project run by the South Korean group Naver was reported alongside it.
SK Hynix will spend $38 billion to expand its chip production capacity in South Korea, the company announced. Bloomberg and the Wall Street Journal, which reported the plan, give no timeline for the factory expansion.
SoftBank secured a $10 billion margin loan backed by its stake in OpenAI, the Wall Street Journal and Bloomberg reported on Thursday. Its quarterly profit beat expectations, helped by an $8 billion gain on its Intel holding, according to the Financial Times.
Volatile electricity demand from AI workloads is damaging the data centres that run those workloads, Bloomberg reported on Thursday. The same day it reported that a sovereign fund from the United Arab Emirates is weighing $6.3 billion for a Japanese AI data centre, and that US authorities said Oklo's small nuclear reactor had reached criticality.
US hedge funds took a heavy hit in July from the selloff in artificial intelligence stocks, and JPMorgan says retail investors may now carry more weight in the tech trade, Bloomberg reported. Doubts about US policy have revived the 'Sell America' argument, while The Economist warns governments are making a dangerous bet on the AI boom.
Bloomberg reported on Tuesday that Anthropic has agreed a computing deal worth $10 billion with a new cloud startup. Further terms were not available beyond that report.
Citadel Securities expects a $500bn debt binge to finance semiconductor expansion, and NTT Data is reported to be considering a $9bn outlay for data centres in Japan, Bloomberg reported. Bloomberg also reported that South Korean AI chip designer DeepX reached a valuation of $2.2bn in a funding round, while the Financial Times reported that James Dacombe, 25, tripled his AI chip start-up's valuation to $3.3bn.
Nikkei Asia reported on Sunday that the AI investment spree is showing signs of strain. It named higher borrowing costs and a sell-off in SpaceX shares as the indicators.
Quarterly results from the largest US technology groups, reported through Friday, divided the market over their AI investments. FAZ counts Microsoft and Amazon among the winners of the reporting season, Apple, Meta and Alphabet among the losers.
Amazon has completed a $50 billion investment in OpenAI, the Financial Times reported on Friday. It is one of the largest single commitments so far in the AI build-out.
Amazon reported capital expenditure up 69 percent, and Meta disclosed $279 billion in future data-centre lease obligations tied to its artificial-intelligence build-out. Microsoft's figures showed the same build-out holding up, with profit rising on cloud and data-centre leasing. The reporting agrees that spending keeps growing; it splits on whether investors will keep paying for it.
NextEra Energy and Brookfield agreed to develop a data centre campus in Kentucky worth $100 billion, the Wall Street Journal and Bloomberg report. The scale of the project shows how demand for AI computing is reshaping power supply and land use in the United States.
OpenAI is close to finalising a data-centre project worth roughly $500 billion, with Nvidia in talks to provide about $250 billion in financial guarantees, according to the New York Times. Neither company has confirmed the terms. The reports land as the cost of financing such projects rises and as Nvidia also stands behind a separate $50 billion data-centre lease in Texas.
Nvidia is reported to be negotiating funding guarantees worth about $250 billion so that OpenAI can lease a 10-gigawatt data centre being built in Piketon, Ohio, by SoftBank subsidiary SB Energy. The account originates with the Wall Street Journal; neither Nvidia nor OpenAI has commented in the available material. The Journal separately reports that Nvidia is investing in Ilya Sutskever's new AI lab, extending its reach over future computing demand.
The Wall Street Journal reports that chipmaker Nvidia is in talks with OpenAI to guarantee up to $250 billion in financing for a data-centre project. Bloomberg and Reuters picked up the report without independent confirmation, and neither company has publicly commented in the available material. Separately, the Journal reports that Nvidia will invest $1 billion in an artificial-intelligence project run by the South Korean internet group Naver.