OpenAI is negotiating with Nvidia for a $250 billion backstop to help finance a new 10 gigawatt AI data center campus in Pike County, Ohio. This backstop would allow OpenAI to raise debt based on Nvidia's credit to cover lease and construction costs, with the total project potentially exceeding $500 billion. The data center aims to support OpenAI's growing AI infrastructure needs amid intense competition from companies like Google and Amazon. Talks are ongoing and subject to change, with SoftBank and the U.S. Department of Energy also involved in the project development.
The Federal Reserve is expected to raise interest rates in December, though it held rates steady at 3.75%-4.00% recently. Despite this, equities remain resilient due to strong economic growth and robust earnings from major tech companies like Microso...
NVIDIA announced a conference call on November 17 to discuss its third-quarter fiscal 2027 financial results ending October 25, 2026. CFO Colette Kress will provide written commentary ahead of the call, which will include prepared remarks and a Q&A s...
The U.S. Department of Justice is investigating Nvidia's $12.9 billion acquisition of Hugging Face, an open-source AI platform, to assess its impact on market competition. Hugging Face is widely used by millions and offers tools for AI development an...
Anthropic's S-1 filing highlights robust demand for AI technology, strong unit economics, and adjusted profitability, reinforcing confidence in AI investments. Inflation remains a key risk, potentially impacting valuations and financing for smaller A...
NVIDIA currently holds a $5.26 trillion market cap and is on track to reach $6 trillion, driven by high demand for its AI technology and strong revenue growth. The company reported a 105.8% year-over-year revenue increase in Q2 FY2027 and expects 70%...
