The neoclouds are burning cash by the billion. Nvidia just lined up the money to keep them building
Why it matters: Nvidia has quietly assembled every piece of a cloud giant, and it doesn't even need to own the buildings. That is the theory making the rounds, and once you see it laid out, the last two years stop looking like a chip company having a very good run and start looking like a plan. The financing arrangement Nvidia signed this month with BlackRock, Goldman Sachs, and four other Wall Street heavyweights, aimed at funneling more than $500 billion of outside capital into AI data centers, would be the last piece clicking into place. Most outlets filed it under the now usual "more AI money" headline, but there is a more interesting read.
The facility could release up to 33 million tons of CO2 a year, rivaling Switzerland and Ireland
A hot potato: A proposed Amazon data center in Texas has sparked concerns that its massive on-site power plant could become the single-largest source of pollution in the US, threatening to affect local communities, farmland, and small businesses. The facility is planned for Pecos County as part of Amazon's growing push into AI and cloud services.