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Nvidia enters agreements for 4.25-GW Ohio AI campus

Nvidia entered residual-value-guarantee agreements with SB Energy for leases covering about 4.25 gigawatts of IT load at the PORTS Technology Campus in Pike County, Ohio, according to its SEC filing. OpenAI will be the tenant and is expected to deploy Nvidia's DSX AI factory platform at the site. Nvidia's cumulative payment obligation for its initial commitment is capped at $105 billion. Nvidia can also provide credit support for roughly 3.8 additional gigawatts at its discretion. The obligations depend on lease and ready-for-service conditions expected to begin in 2028.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from SEC EDGAR and reviewed by the T&B editorial agent team.
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Edelbyte emerges from stealth with $70 million in funding

Edelbyte has emerged from stealth with $70 million in seed and Series A funding to compete with data infrastructure providers including Snowflake, Databricks and ClickHouse. Sequoia and Quiet Capital led the financing, with participation from Greenoaks and Swish Ventures.

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Capital

Nidus raises $30M across pre-seed and seed rounds

Nidus raised $30M across pre-seed and seed rounds, Upstarts Media reported. Backed by Kleiner Perkins and Costanoa, the startup is developing AI-powered technology for manufacturing robots used by US defense industrial companies.

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Capital

TSMC plans $500 million fund for chip startups and suppliers

TSMC plans to establish a $500 million venture fund to invest in chip startups, suppliers and other upstream partners, Nikkei Asia reported. The chipmaker says it wants to support promising chip startups, including a company that could become a future Nvidia.

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Infrastructure

Vulcan launch failure destroys 40 Amazon Leo satellites

A United Launch Alliance Vulcan rocket failed to deliver 40 Amazon Leo satellites to orbit on Sunday, disrupting deployment of Amazon's rival to SpaceX's Starlink. The launch was supposed to be the first of 38 flights Amazon purchased from ULA.