Tag: data center
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Nvidia invests in data center developer Cloverleaf Infrastructure
Aug 21 : Nvidia has made a minority investment in privately held Cloverleaf Infrastructure to develop infrastructure to power AI data center projects across the U.S., the companies said on Friday.The investment will help Cloverleaf develop sites for the data centers, while Nvidia will support infrastructure b
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Nvidia in talks to invest $3 billion in SB Energy as part of OpenAI data center deal, the Information reports
Aug 15 : Nvidia is in talks to invest as much as $3 billion in SB Energy, a subsidiary of SoftBank Group and developer of a massive planned Ohio data center project for OpenAI, the Information reported on Saturday, citing people familiar with the discussions.The investment is being discussed as part of Nvidia
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Nvidia scales back funding guarantee for Ohio OpenAI data center, WSJ reports
Aug 14 : Nvidia has revised its plans to support a proposed OpenAI data center project in Ohio and is now expected to initially guarantee less than $120 billion, down from the $250 billion previously discussed, the Wall Street Journal reported on Friday, citing people familiar with the matter. • The Journal
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Nvidia scales back $250 billion OpenAI data center guarantee, WSJ reports
Aug 14 : Nvidia has downsized plans for a $250 billion guarantee for an OpenAI data center, the Wall Street Journal reported on Friday, citing people familiar with the matter. The revised plan would lower Nvidia’s financial guarantee to less than $120 billion to address investor concerns about risk for the Op
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US SEC exempts certain data center bonds from key securitization rules
Aug 10 : The U.S. Securities and Exchange Commission has made it easier for data center owners to sell asset-backed securities, as the AI boom expands deeper into financing markets.The regulator’s clarification came in response to a letter from law firm Latham & Watkins.”We agree that the fixed-income
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Nvidia to invest up to $3 billion in Stargate data center developer Lancium, the Information reports
Aug 7 : Nvidia will invest up to $3 billion in power infrastructure developer Lancium, the company behind the Stargate data center campus in Texas, the Information reported on Friday.• The chipmaker will invest an initial $2 billion for a stake of roughly 20 per cent in Lancium, which is backed by Blacksto
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Data center firm Switch confidentially files for US IPO, Bloomberg News reports
Aug 7 : Data center firm Switch filed confidentially for a U.S. initial public offering, Bloomberg News reported on Friday, citing people familiar with the matter.Reuters has previously reported, citing sources, that the company could raise up to $10 billion as soon as the fourth quarter at close to a $80 bil
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Microsoft opens its largest India data center hub as AI race heats up
Aug 6 : Microsoft launched its largest India data center in Hyderabad on Thursday and has signed up Adani Group and HDFC Bank among early users as it races rivals for the country’s fast-growing AI market.The India South Central facility brings Microsoft’s cloud regions in India to four, adding to existing cen
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Onsemi forecasts upbeat revenue on surging AI data center chip demand
Aug 3 : Chipmaker Onsemi on Monday forecast third-quarter revenue above Wall Street expectations, betting on surging demand for power management chips used in AI data centers.Onsemi’s results come as it looks to its biggest deal yet, a $7 billion all-stock acquisition of Synaptics announced in June, to tap in
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Banks in talks to lend $15 billion for Anthropic data center backed by Google, WSJ reports
July 30 : Data-center developer Nexus Data Centers is in advanced talks to raise $15 billion for a Texas campus tied to Anthropic, with Alphabet’s Google offering financial guarantees and supplying chips, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Big Tech has been po
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