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The Latest Breaking News from SB Energy

Nvidia Funds AI Frenzy: Timeline of its Circular Financing Deals ... So Far

NVIDIA Corp. (NASDAQ:NVDA) is reportedly in talks to guarantee roughly $250 billion in financing for OpenAI‘s new 10-gigawatt Ohio data center, a project developed by SoftBank’s energy subsidiary, SB Energy, according to The Wall Street Journal.

Benzinga

OpenAI weighs leasing Ohio data center with Nvidia backing: Report

OpenAI is in negotiations to lease a proposed ‌10-gigawatt ⁠data center ⁠campus on federal land in Ohio, in a deal ⁠that could ‌include financial backing ⁠from Nvidia, The Information reported on Tuesday, citing two people with direct ‌knowledge of the discussions.

The Economic Times

SoftBank group shares surge almost 20% on OpenAI, SB Energy IPOs

SoftBank Group stocks have surged significantly. This rise follows reports that two SoftBank-backed companies, OpenAI and SB Energy, are preparing for initial public offerings in the United States. OpenAI, the creator of ChatGPT, is reportedly planning a fall debut. SB Energy, focused on data center energy infrastructure, also announced its…

The Economic Times

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Analytics group signals possible delays at 40% of AI data center construction sites — companies deny schedule holdups, but satellite imagery indicates otherwise

At least 40% of all AI data centers slated for completion in 2026 will be delayed, according to a data analytics group. AI tech companies say everything is on schedule, but labor and material shortages are seemingly holding up construction.

Tom’s Hardware

Trump officials announce 10-gigawatt data center, gas plants for former Ohio uranium site

The U.S. Department of Energy has announced a public-private partnership with SoftBank and AEP Ohio to develop a massive artificial intelligence data center and power complex at a former uranium enrichment site in southern Ohio

The Independent UK

AI’s insatiable thirst for data centers will need $3 trillion in investment in next 4 years, report reveals

Banks and other institutional lenders will have to play a ‘prominent role’ to provide financing for the projects, according to Moody’s Ratings

The Independent UK

Why sheep have become the unlikely hero of the booming US solar industry

The proliferation of sheep on solar farms is part of a broader trend that has exploded alongside the industry

The Independent UK

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Google-backed solar project opens in Texas and is one of the largest in the US

One of the largest solar projects in the U.S. opened in Texas on Friday backed by what Google said is the largest solar electricity purchase it has ever made

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