Nvidia Invests $1.5B in SB Energy to Power OpenAI's Ohio Site
Nvidia is investing $1.5 billion in SoftBank's SB Energy and backing infrastructure at a new Ohio campus built to run exclusively on Nvidia AI compute for OpenAI.
Read more →AI Data Center Buildout
Training and running frontier AI models takes physical infrastructure at a scale the industry has never built before: gigawatt-class campuses, dedicated power plants, and financing deals worth tens of billions of dollars apiece. This hub tracks the leases, construction projects, energy partnerships, and capital structures behind the AI data-center boom, and what it means for grids, land, and local communities.
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L&T to Build India's Largest Nvidia AI Factory for Together AI
Indian engineering giant Larsen & Toubro will deploy 10,000 Nvidia B300 GPUs in Chennai for Together AI, its largest single AI infrastructure order yet.
Read more →Riot Platforms Signs $9.1B AI Data Center Deal With Anthropic
Bitcoin miner Riot Platforms will lease 191 megawatts of Texas data-center capacity for $9.1 billion over 20 years; Bloomberg and CNBC identify the tenant as Anthropic.
Read more →Nvidia, Wall Street Giants Plan $500B AI Financing Platforms
Nvidia signed agreements with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to build financing platforms that could mobilize over $500 billion for AI infrastructure.
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What Is a Small Modular Reactor — and Why Does AI Need One?
A small modular reactor is a compact, factory-built nuclear plant under 300 megawatts. AI companies are betting billions on them to keep power-hungry data centers running around the clock.
Read more →Anthropic, Macquarie, GIC Launch Theseus for AI Data Centers
Anthropic has teamed up with Macquarie Asset Management and Singapore's GIC to launch Theseus Infrastructure, a venture that will build and lease US data centers dedicated to running Claude.
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Nvidia-Backed Firmus Raises $2B to Expand AI Factories
Australian AI infrastructure firm Firmus raised $2 billion from Nvidia, Blackstone, Coatue and Jane Street, nearly doubling its valuation to $10.5 billion to expand AI data centers across Asia-Pacific.
Read more →Anthropic Signs $10B Compute Deal With Months-Old Startup Volta
Anthropic will pay AI infrastructure startup Volta $10 billion over six years for Nvidia-powered data center capacity in Norway, Bloomberg reports, as the lab races to secure compute.
Read more →Valar Atomics Raises $1B to Mass-Produce Nuclear Reactors for AI
Sequoia Capital led a $1 billion round for nuclear startup Valar Atomics, days after its Ward 250 reactor became the first outside a US national lab to reach criticality and power an Nvidia system.
Read more →Armenia's Eleveight AI Factory Sells Out Capacity in a Month
Armenia's first Nvidia Blackwell-powered AI data center sold out its live capacity within a month of launch, and PM Nikol Pashinyan toured the site as expansion toward 40 megawatts moves forward.
Read more →AMD, Core Scientific Sign $14B Deal for Up to 2.5GW of AI Power
AMD and Core Scientific signed a 15-year infrastructure deal worth more than $14 billion, starting with 529 megawatts of U.S. data center capacity in 2027 and room to grow to 2.5 gigawatts.
Read more →EU Opens €30 Billion Tender for Seven AI 'Gigafactories'
The European Commission opened a tender for consortia to build up to seven AI 'Gigafactories' in the EU, backing it with about €10 billion in public money to draw in €20 billion more from investors.
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What Is an AI Data Center SPV — and Why Are Tech Giants Using Them?
Meta just handed BlackRock 80% of a $14 billion AI data center. Here's what a special-purpose vehicle is, and why it's become the go-to way to finance the AI buildout.
Read more →Meta Hands BlackRock 80% Stake in New $14B AI Data Center
Meta and BlackRock formed a joint venture to build a 1-gigawatt AI data center in El Paso, Texas, shifting most of the roughly $14 billion project off Meta's balance sheet.
Read more →Nvidia Weighs $250B Guarantee for OpenAI's Ohio Data Center
Nvidia is in talks to guarantee $250 billion in financing so OpenAI can lease a 10-gigawatt SoftBank data center in Ohio, the Wall Street Journal reported, citing unnamed sources.
Read more →Nvidia to Invest $1 Billion in Naver, Expand Korean AI Hub
Nvidia will buy a 4.5% stake in South Korea's Naver for about $1 billion, funding a data center expansion that will roughly quadruple AI computing capacity at its Sejong facility by 2028.
Read more →Nvidia and SK Group Ink $500B AI Infrastructure Deal
Nvidia and South Korea's SK Group signed letters of intent for a $500 billion-plus AI infrastructure and memory-chip partnership, including a new 2-gigawatt AI factory.
Read more →OpenAI Plans $20 Billion Data Center in Coastal Georgia, US
OpenAI unveiled Project Camellia, a $20 billion data center in Effingham County, Georgia, its first self-built facility, powered by 3.2 gigawatts from Georgia Power.
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What Is AI Capex — and Why Is It Draining Big Tech's Cash?
Capital expenditure — capex — is what tech giants spend building AI data centers and chips. Here's what it means when that spending pushes a profitable company's free cash flow negative.
Read more →Microsoft and Mistral Expand AI Deal for European Sovereignty
Microsoft is funding a multibillion-dollar expansion of Mistral's European data centers, letting regulated industries run frontier AI without ceding control of their data.
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How Much Energy and Water Does AI Really Use?
A single AI chat reply uses a fraction of a watt-hour, but billions of daily queries and the data centers behind them add up to a fast-growing power and water bill.
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