Overview
- NVIDIA has reduced its proposed financial backstop for the Ohio 10 GW data‑center project from roughly $250 billion to under $120 billion and is proposing a phased guarantee that would cover only the first ~5 GW.
- The company announced a compute‑financing platform with Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs and KKR that aims to mobilize more than $500 billion of external capital to fund chip procurement.
- OpenAI continues to negotiate a binding lease for the full 10 GW project and, according to reporting, could sign an agreement in the coming days even as the financing structure is reworked.
- Higgsfield raised $400 million at about a $54 billion valuation and reported rapid revenue growth to roughly $700 million annual run rate as it shifts more of its business to enterprise subscriptions and secures compute capacity.
- China’s INFIFORCE completed A and A+ rounds totaling nearly ¥1 billion to scale its embodied‑intelligence stack, fund AtomBrain and ego‑data models, and accelerate robot deployments in real industrial settings.