Tag: data centers
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Nvidia Just Bet $1 Billion on Korea’s AI Backbone
Nvidia, the Korean internet giant Naver, and the investment firm Brookfield just agreed to triple the size of a data center campus in Sejong, South Korea, taking it from 55 megawatts to 200 megawatts. The total price tag on this expansion is 10 billion dollars. Break down who is paying for what and the deal…
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Nvidia Might Be About to Backstop OpenAI’s Biggest Bet
The Wall Street Journal reported that Nvidia is in talks to guarantee roughly 250 billion dollars in financing so OpenAI can lease a massive data center that SoftBank’s energy arm is building in southern Ohio, on the site of a former uranium enrichment plant. The campus is meant to run at 10 gigawatts, which is…
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Schneider and Foxconn Team Up on U.S. AI Data Centers
Schneider Electric and Foxconn are partnering to build AI data centers in the United States, Reuters reported on June 15. The deal is notable because the AI boom is increasingly constrained by physical infrastructure: power systems, cooling, manufacturing capacity, supply chains, and the ability to deploy large computing facilities quickly. What Happened Reuters reported that…
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Nvidia’s $25B Bond Sale Shows AI’s Capital Hunger
Nvidia has expanded its bond sale to $25 billion after investor demand reportedly exceeded the company’s initial target. The deal is a major AI infrastructure story because it shows how even the dominant chipmaker in the AI boom is turning to debt markets as the industry races to finance data centers, networking, memory, power, and…