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Nvidia debt protection costs stay near record after Huang ouster

The cost of protecting Nvidia's debt hovered near-record levels Thursday as bond traders priced in Jensen Huang's ouster, Bloomberg reported. The leadership upheaval at a core company in the AI infrastructure boom followed reports of two affairs.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Capital AI

Norwest raises $4 billion fund targeting AI startups and overlooked sectors

Wells Fargo & Co.-backed Norwest has raised $4 billion for its latest investment fund, Bloomberg reported. The fund will target early-stage AI startups alongside deals in sectors other investors have overlooked. The firm plans to announce the fund Thursday.

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Infrastructure
Infrastructure

Rowan raises about $1.5 billion to advance data center projects

Rowan Digital Infrastructure raised about $1.5 billion in fresh financing from lenders including Citigroup, Bloomberg reported. The Blackstone-backed data center developer is seeking to advance its growing pipeline of projects with the new financing from lenders.

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