Nvidia announced $500bn of AI infrastructure financing last week, alongside Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. A fortnight earlier, the Securities and Exchange Commission staff answered a question. It concerned how deals …
Jeff Gundlach has criticised Nvidia’s plan with six asset managers to mobilise more than $500bn for AI infrastructure, asking why assets of unknown life are collateral for long-term debt. Mark Cuban compared chips as an asset class to crypto. Jeff Gund…
Groq raised $350 million at a $3.5 billion valuation as the former AI chipmaker pivots to a neocloud business and expands its Nvidia-powered data center footprint.
Nvidia’s investment in SoftBank’s data center developer will guarantee its chips power an OpenAI data center.
A residual value guarantee is a promise about an object, not about a tenant. Someone builds a thing. Someone else rents it. A third party promises the thing itself will still be worth a set amount. If the renter walks, the owner relets or sells. The gu…
Nvidia has agreed to invest $1.5 billion in SB Energy, the US power and infrastructure developer backed by SoftBank and OpenAI, in a deal that hands the chipmaker up to 8 gigawatts of AI computing capacity at an Ohio campus being built for OpenAI. It i…
LG will unveil a bipedal humanoid robot in the first quarter of 2027, built on Nvidia’s Jetson Thor processor, Isaac GR00T foundation model and Halos safety system. The two signed the agreement at Nvidia’s Santa Clara headquarters on 13 August. LG will…
Anissa Gardizy reported the cut for The Wall Street Journal on 14 August. Under the new proposed terms Nvidia would initially backstop only half of the 10GW project, and it would decide about the rest later. A deal could be signed as soon as this weeke…
Goldman Sachs has secured the role every Wall Street firm wanted, and it is now working the phones. The bank is in talks with investors about Nvidia’s $500bn AI-compute financing deal, having landed a prized mandate that effectively casts it as the lea…
Nvidia has a plan to make sure its GPUs won’t lose value. It wants to convince a new crop of financiers to keep lending for AI buildouts.