Sources: AMD agrees to backstop a $300M loan from Goldman Sachs for Crusoe to buy AMD's AI chips, the first known example of AMD chips used as debt collateral
Sources: AMD agrees to backstop a $300M loan from Goldman Sachs for Crusoe to buy AMD AI chips, the first known case of AMD chips used as debt collateral
Chipmaker AMD is pursuing the same growth-driving strategy that has boosted sales at rival Nvidia: lending its financial support to upstart cloud providers buying its chips.
How Oracle's massive Stargate deal with OpenAI has pushed Oracle to the center of the AI boom, turning its market cap into a barometer on AI sentiment
In the AI boom, no tech giant has gone all-in like Oracle. … Bluesky: Patrick Howell O'Neill / @patrickhowelloneill.com : I'm a simple ma who finds Oracle to be kind of a baffling company, this story ...
How Meta's financing structure for its $27B Louisiana data center, which helps it keep debt off its books, hinges on some convenient accounting assumptions
“... a marvel of financial engineering: Meta Platforms is building a $27 billion data center in Louisiana, financed with debt, and neither the data center nor the debt will be on its own balance sheet...
Sources: xAI nears a deal to raise $20B in equity and debt, tied to the Nvidia GPUs that xAI plans to rent for Colossus 2, with Nvidia investing as much as $2B
Elon Musk's artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp …
Source: Nvidia agreed to rent 10K of its own AI chips from Lambda for $1.3B over four years, the latest example of Nvidia's circular financial arrangements
18,000 GPUs will be leased over 4 years, as Lambda gears up for its IPO Martin Peers / The Information : Nvidia's Chip Round-Trip Deals Rebecca Szkutak / TechCrunch : Cloud provider Lambda may be gear...
AI startup Crusoe secures $11.6B in debt and equity to expand a Texas data center it is building for OpenAI, set to open in 2026 and host up to 400K Nvidia GPUs
The eight-building Texas project is a central piece of OpenAI's efforts to reduce its reliance on Microsoft for computing power
A look at The Stargate Project: unanswered questions, PR wins, SoftBank only has ~$30B cash, many projects are old news, and Elon Musk trolled the announcement
$500B in CapEx for AI in the US feels like a good thing for US security and for AI's continued progress in capabilities. Google's entire capex in 2024 was $50B. This is a hard amount of money to actua...
BlackRock, GIP, Microsoft, and MGX announce a new AI fund that seeks to raise $30B+ of private equity capital and $100B+ in total investment when including debt
Should we be worried? Louisa Clarence-Smith / The Times : BlackRock and Microsoft to launch $100bn AI infrastructure fund Aaron Holmes / The Information : Microsoft, BlackRock to Launch $30 Billion Fu...
Coinbase Asset Management debuts Project Diamond, combining Coinbase's custody tools, wallet, L2 network Base, and Circle's USDC to create a capital marketplace
“Project Diamond” lets institutions create and trade digital native versions of financial instruments such as debt using Base in a regulated manner.