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Wow, they are using large bank loans now to finance AI data centers. This was previously limited to much smaller checks. https://t.co/Wkr9oJxjoY
AI data centers are consuming massive power, and demand is growing fast. Can nuclear microreactors solve this? Last Energy plans 30 microreactors in Texas to power AI workloads. 🚀 Read more: https://t.co/hzJe6UOZHg @LastEnergy #nuclear #ai #energy
Foxconn will secure the exclusive AI server contract for the Stargate Project, with an announcement expected this month. In January, Donald Trump announced that OpenAI, SoftBank, and Oracle would launch Stargate and invest $500 billion over four years to keep the U.S. ahead in…
SoftBank Group CEO Masayoshi Son is reportedly planning to borrow $16 billion to invest in artificial intelligence (AI), with a focus on projects such as OpenAI's Stargate initiative and related data centers. This follows a prior borrowing of $18.5 billion, indicating an aggressive strategy towards AI investments. The Stargate project, a collaboration between OpenAI, SoftBank, and Oracle, aims to establish a significant presence in the AI data center sector, targeting 8 gigawatts of power by 2030. Additionally, SoftBank's investment in Stargate will be on top of the already committed $15 billion. In a related development, banks have loaned $2 billion for the construction of a 100-acre AI data center in Utah, highlighting the increasing reliance on large-scale financing for AI infrastructure.
