The Energy & Sustainability Supplement
A sustainable future for data centers
News - Investment / M&A / Financing, OpenAI
The latest news from the AI, data center, telco, chip, and cloud sector
The Energy & Sustainability Supplement
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SB Energy files for IPO, targeting a raise of $5-7bn
Would value the company at approximately $50bn
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Nvidia confirms it will back 4.25GW of OpenAI capacity at Ports-Pike mega data center
SB Energy facility will exclusively use Nvidia compute and networking
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Nvidia in talks to invest $1.5bn in SB Energy
Would support the development of an up to 10GW data center campus in Ohio for OpenAI
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OpenAI's Sam Altman accuses Musk of selling public market investors "on short-term space data centers"
Generative AI business unlikely to make use of proposed SpaceX Orbital Data Center System
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Generate Capital's Sven Semmelmann joins OpenAI as head of compute capital markets
As the company prepares for a possible IPO
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OpenAI files for US IPO, but says it still has things it wants to do while private
A week after Anthropic filed for its IPO
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OpenAI and Broadcom in discussions over financing of $18bn custom chip project – report
Broadcom’s investment in initial project phase reportedly tied to Microsoft purchase commitments
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OpenAI president Greg Brockman owns stakes in Cerebras, CoreWeave, Stripe, and Helion
All companies with which OpenAI has entered into business deals
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OpenAI missed revenue and user targets, faces internal concern over meeting data center spend commitments - report
As company reworks Stargate and preps for IPO
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Synergy Research: Cloud spending hits $129bn in Q1 2026, ninth consecutive quarter of growth
Highest growth rate since Q4 2021
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Microsoft loses IP exclusivity rights and sees revenue payments capped in updated OpenAI deal
Revenue share payments will also no longer be contingent on OpenAI achieving AGI
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OpenAI drops out of multi-billion dollar UK investment plan, says Stargate UK is on hold
Blames energy prices and regulations
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Pimco in talks to provide $14bn in debt financing for Oracle's Michigan data center - report
Follows reports that data center investor Related Digital was nearing financing for the project
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Related Digital closes in on $16bn financing for Oracle data center in Michigan - report
Likely for Oracle’s Stargate development in Saline Township, Michigan
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OpenAI closes funding round, raises $122bn at $852bn valuation
More money to pour into compute
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Oracle/OpenAI drop plans to expand flagship Abilene Stargate site, Meta in talks to pick up Crusoe capacity with Nvidia's help
Financing challenges and Stargate's changing scope end Texas data center expansion plans
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Oracle plans to again cut thousands of jobs to free up AI data center cash flow
To feed OpenAI buildout, company will slash staff
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OpenAI to use 2GW of Trainium on AWS, expand Amazon cloud contract by $100bn
After Amazon pumps $50bn into the AI company
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OpenAI raises $110bn, with $50bn from Amazon, and $30bn from both Nvidia and SoftBank
ChatGPT maker soars to $730bn valuation, signs Amazon compute deal
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OpenAI cuts projected compute spend to $600bn by 2030 - report
CEO has previously talked up $1.4 trillion spend over eight years
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Nvidia plans $30bn investment in upcoming OpenAI funding round
Generative AI giant is seeking a $730 billion valuation
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JLL: Texas to become world’s largest data center market by 2030
With nearly two thirds of US data center construction happening in frontier markets
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Cerebras Systems raises $1bn at $23bn valuation
Fundraise comes two weeks after company announced $10bn deal with OpenAI
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AMD reports record Q4 and FY25 results, but shares slump after company forecasts Q1 revenue decline
Company saw $440m of sales to China during the year, and is in discussions with customers for multi-year Helios deployments
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OpenAI execs defend Nvidia after claims startup is unhappy with inference hardware performance
Comes in same week Nvidia CEO downplays $100bn investment pledge in OpenAI
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Nvidia CEO says company will make a 'huge' investment in OpenAI, but it won't be $100bn
As company pushes back on claims that Jensen Huang was frustrated with OpenAI and its lack of discipline
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Oracle to raise up to $50bn in debt and equity in 2026 to fund OpenAI & cloud buildout
Also reportedly considering 20-30k in layoffs
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Amazon in talks to invest $50bn in OpenAI
Company is one of OpenAI's cloud providers, and an Anthropic investor