what to watch for
Commerce Secretary Howard Lutnick is reportedly involved in deciding which companies will receive access to power at the site. Anthropic, Microsoft and Google have also spoken to Lutnick about interest in the site.
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surprising fact
The average U.S. household used 865 kilowatt-hours per month in 2024, according to the Energy Information Administration, meaning the proposed data center’s maximum 10 gigawatt output would be enough to power roughly 8.4 million homes.
big number
More than $500 billion. That’s the size of Nvidia’s deal to acquire AI memory supply from SK Hynix, the company announced Friday. Nvidia said the transaction includes the construction of large-scale data centers expected to come online in 2027.
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key background
Nvidia’s potential funding for OpenAI’s data center could become the latest multibillion-dollar AI-related transaction involving mega-cap firms this year. Meta announced plans to expand a Louisiana data center to 5 gigawatts, with total planned investments exceeding $50 billion. Alphabet announced a major equity raise last month to finance AI infrastructure, with $10 billion of the $80 billion planned capital raise coming from Berkshire Hathaway. In April, Amazon agreed to increase its investment in Anthropic to $25 billion, while Anthropic committed to a more than $100 billion long-term purchase of Amazon’s cloud technology over 10 years.
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further reading
ForbesOpenAI Investors—Nvidia, Oracle, More—Fall After AI Giant Reportedly Misses Revenue TargetBy Ty Roush