https://aifundflows.com/who pays whom in AIenhttps://aifundflows.com/deal/microsoft-nscale-microsoft-does-not-double-nscale-texas-contract/https://aifundflows.com/deal/microsoft-nscale-microsoft-does-not-double-nscale-texas-contract/Thu, 05 Nov 2026 00:00:00 +0000FT: Microsoft gives up the option that would have more than doubled the Texas contract (tens of billions); the existing contract remains.https://aifundflows.com/deal/banche-e-mercato-meta-meta-places-15-billion-of-bonds/https://aifundflows.com/deal/banche-e-mercato-meta-meta-places-15-billion-of-bonds/Tue, 03 Nov 2026 00:00:00 +0000Five-tranche issue with orders of up to $58 billion; S&P moves the outlook to negative due to high capex.https://aifundflows.com/deal/qia-radiant-qatar-and-brookfield-fund-drax-data-centre/https://aifundflows.com/deal/qia-radiant-qatar-and-brookfield-fund-drax-data-centre/Tue, 03 Nov 2026 00:00:00 +0000The Brookfield-Qai JV commits £2.5B to the 100 MW first phase of an AI data centre at Drax power station, delivered by Radiant; total could exceed £20B.https://aifundflows.com/deal/banche-e-mercato-oracle-oracle-seeks-another-20-billion/https://aifundflows.com/deal/banche-e-mercato-oracle-oracle-seeks-another-20-billion/Mon, 02 Nov 2026 00:00:00 +0000Oracle files a $10 billion bond issue together with $10 billion of shares to fund data centers.https://aifundflows.com/deal/aramco-humain-aramco-buys-49-of-humain/https://aifundflows.com/deal/aramco-humain-aramco-buys-49-of-humain/Sun, 01 Nov 2026 00:00:00 +0000Deal closed: Aramco takes 49% of HUMAIN for about $2.6B in cash plus AI and compute assets; PIF keeps 51%.https://aifundflows.com/deal/banche-e-mercato-microsoft-microsoft-returns-to-the-market-25-billion/https://aifundflows.com/deal/banche-e-mercato-microsoft-microsoft-returns-to-the-market-25-billion/Thu, 29 Oct 2026 00:00:00 +0000Microsoft places $25 billion of bonds in ten series, its first US issue since 2017, as it ramps up data center spending.https://aifundflows.com/deal/nvidia-nscale-nvidia-guarantees-nscale-s-debt/https://aifundflows.com/deal/nvidia-nscale-nvidia-guarantees-nscale-s-debt/Thu, 29 Oct 2026 00:00:00 +0000Nvidia is negotiating to guarantee Nscale's debt for a 460 MW data center to be used by Anthropic.https://aifundflows.com/deal/openai-google-openai-wants-to-buy-google-tpus/https://aifundflows.com/deal/openai-google-openai-wants-to-buy-google-tpus/Wed, 28 Oct 2026 00:00:00 +0000According to The Information, OpenAI plans to purchase (not just rent) Google TPUs; no contract confirmed.https://aifundflows.com/deal/us-government-constellation-5-billion-federal-loan-to-constellation/https://aifundflows.com/deal/us-government-constellation-5-billion-federal-loan-to-constellation/Wed, 28 Oct 2026 00:00:00 +0000The US Department of Energy conditionally grants a $5 billion loan to Constellation for nuclear plants that will power data centers.https://aifundflows.com/deal/nvidia-meta-nvidia-invests-3-billion-in-meta/https://aifundflows.com/deal/nvidia-meta-nvidia-invests-3-billion-in-meta/Tue, 27 Oct 2026 00:00:00 +0000Nvidia subscribes to $3 billion of the share offering with which Meta raises $95 billion for AI (AMD $1 billion); in return Meta expands Vera Rubin and Vera CPUs.https://aifundflows.com/deal/avenir-physical-intelligence-physical-intelligence-heads-toward-20-billi/https://aifundflows.com/deal/avenir-physical-intelligence-physical-intelligence-heads-toward-20-billi/Tue, 27 Oct 2026 00:00:00 +0000Talks for at least $1 billion at about $20 billion, with existing backers Avenir and Lux Capital in talks to lead the round.https://aifundflows.com/deal/spacex-nvidia-spacex-40-billion-of-nvidia-chips-on-debt/https://aifundflows.com/deal/spacex-nvidia-spacex-40-billion-of-nvidia-chips-on-debt/Mon, 26 Oct 2026 00:00:00 +0000A SpaceX affiliate buys Nvidia Vera Rubin chips and leases them to the group, with ~$40 billion of Apollo-led debt; leasing from the first half of 2027.https://aifundflows.com/deal/apollo-spacex-record-40-billion-for-nvidia-chips/https://aifundflows.com/deal/apollo-spacex-record-40-billion-for-nvidia-chips/Mon, 26 Oct 2026 00:00:00 +0000SpaceX (which absorbed xAI) signs a binding commitment of about $40 billion led by Apollo, with Goldman Sachs and PIMCO, to buy Nvidia Vera Rubin chips and data center equipment.https://aifundflows.com/deal/blackstone-anthropic-project-north-star-blackstone-lends-9-billion/https://aifundflows.com/deal/blackstone-anthropic-project-north-star-blackstone-lends-9-billion/Mon, 26 Oct 2026 00:00:00 +0000In the roughly $60 billion package to finance 1.5 GW of Google TPUs for Anthropic, Blackstone funds take $9 billion of the junior tranche with a 10% coupon.https://aifundflows.com/deal/banche-e-mercato-anthropic-banks-42-billion-of-senior-debt-for-anthropic/https://aifundflows.com/deal/banche-e-mercato-anthropic-banks-42-billion-of-senior-debt-for-anthropic/Mon, 26 Oct 2026 00:00:00 +0000Bank of America, Citi and Morgan Stanley arrange the senior debt (about $42-43.5 billion) of the vehicle buying Google/Broadcom chips for Anthropic; Broadcom guarantees the chips' residual value.https://aifundflows.com/deal/japanese-government-rapidus-meti-plans-400bn-more-equity-in-rapidus/https://aifundflows.com/deal/japanese-government-rapidus-meti-plans-400bn-more-equity-in-rapidus/Tue, 20 Oct 2026 00:00:00 +0000Japan's industry ministry plans to invest another ¥400bn in Rapidus through FY2029, taking state equity to ¥650bn. It is a plan, not yet budgeted.https://aifundflows.com/deal/amazon-germany-amazon-puts-4-8b-into-aws-frankfurt/https://aifundflows.com/deal/amazon-germany-amazon-puts-4-8b-into-aws-frankfurt/Tue, 20 Oct 2026 00:00:00 +0000At the Invest in Germany Summit Amazon announced over €16B in Germany for 2027, €4.8B of it for the AWS Frankfurt region.https://aifundflows.com/deal/anthropic-nscale-anthropic-in-talks-for-another-45-billion-with-nscale/https://aifundflows.com/deal/anthropic-nscale-anthropic-in-talks-for-another-45-billion-with-nscale/Thu, 15 Oct 2026 00:00:00 +0000Bloomberg: talks for a second 460 MW Monarch facility; terms not final.https://aifundflows.com/deal/consorzi-vc-lambda-lambda-in-talks-for-round-of-up-to-4-billion-before-i/https://aifundflows.com/deal/consorzi-vc-lambda-lambda-in-talks-for-round-of-up-to-4-billion-before-i/Thu, 15 Oct 2026 00:00:00 +0000Blackstone and Coatue would lead the last private round before a possible listing in 2027.https://aifundflows.com/deal/banche-e-mercato-spacex-spacex-in-talks-for-40-billion-of-debt-for-nvidi/https://aifundflows.com/deal/banche-e-mercato-spacex-spacex-in-talks-for-40-billion-of-debt-for-nvidi/Wed, 07 Oct 2026 00:00:00 +0000SpaceX (with xAI) is negotiating with banks and investors, led by Apollo and including Pimco, about $40 billion of debt to buy Nvidia chips for Colossus.https://aifundflows.com/deal/softbank-digitalbridge-softbank-buys-digitalbridge/https://aifundflows.com/deal/softbank-digitalbridge-softbank-buys-digitalbridge/Wed, 30 Sep 2026 00:00:00 +0000SoftBank completes its acquisition of DigitalBridge, the digital infrastructure and data center manager, announced in December 2025.https://aifundflows.com/deal/amd-world-labs-amd-buys-world-labs-for-8-2-billion/https://aifundflows.com/deal/amd-world-labs-amd-buys-world-labs-for-8-2-billion/Mon, 28 Sep 2026 00:00:00 +0000AMD acquires Fei-Fei Li's World Labs (spatial intelligence models) in stock; she becomes chief scientist; closing expected by end of 2026.https://aifundflows.com/deal/nvidia-nscale-nvidia-puts-1-billion-into-nscale-s-pre-ipo-round/https://aifundflows.com/deal/nvidia-nscale-nvidia-puts-1-billion-into-nscale-s-pre-ipo-round/Fri, 25 Sep 2026 00:00:00 +0000Nvidia commits $1 billion in convertible notes in Nscale's $3.36 billion pre-IPO round; Nscale leases capacity to Microsoft and Anthropic.https://aifundflows.com/deal/third-point-nscale-nscale-raises-3-36-billion-ahead-of-ipo/https://aifundflows.com/deal/third-point-nscale-nscale-raises-3-36-billion-ahead-of-ipo/Fri, 25 Sep 2026 00:00:00 +0000Third Point leads Nscale's pre-IPO round in convertible notes ($2.36 billion upfront plus $1 billion from Nvidia), with Apollo, Citadel and Abu Dhabi fund ADIC.https://aifundflows.com/deal/banche-e-mercato-nscale-nscale-raises-3-4-billion-ahead-of-ipo/https://aifundflows.com/deal/banche-e-mercato-nscale-nscale-raises-3-4-billion-ahead-of-ipo/Fri, 25 Sep 2026 00:00:00 +0000Nscale closes about $3.4 billion of pre-IPO convertible bonds, which convert into shares at listing (conversion cap at a $30 billion valuation).https://aifundflows.com/deal/banche-e-mercato-softbank-arm-backed-loan-rises-to-25bn/https://aifundflows.com/deal/banche-e-mercato-softbank-arm-backed-loan-rises-to-25bn/Fri, 18 Sep 2026 00:00:00 +0000SoftBank increased its margin loan backed by Arm shares by $5bn to $25bn, people familiar said.https://aifundflows.com/deal/consorzi-vc-crusoe-crusoe-raises-3-9-billion-at-about-31-billion-valuati/https://aifundflows.com/deal/consorzi-vc-crusoe-crusoe-raises-3-9-billion-at-about-31-billion-valuati/Thu, 17 Sep 2026 00:00:00 +0000Series F led by Atreides, Mubadala and Valor; the valuation triples from the October 2025 Series E (over $10 billion).https://aifundflows.com/deal/bell-canada-bell-s-up-to-c-52-5b-saskatchewan-ai-hub/https://aifundflows.com/deal/bell-canada-bell-s-up-to-c-52-5b-saskatchewan-ai-hub/Mon, 14 Sep 2026 00:00:00 +0000Bell Canada, via Bell AI Fabric, plans up to C$52.5B for 900 MW of new AI capacity in Saskatchewan (a 1.2 GW hub), welcomed by the federal government.https://aifundflows.com/deal/nvidia-anthropic-nvidia-in-talks-for-10-billion-in-anthropic-ipo/https://aifundflows.com/deal/nvidia-anthropic-nvidia-in-talks-for-10-billion-in-anthropic-ipo/Fri, 11 Sep 2026 00:00:00 +0000According to Reuters, Nvidia is weighing becoming an anchor investor in Anthropic's IPO, which aims to raise up to $100 billion at a valuation of about $2 trillion. In March Huang had said the 2025 investment would probably be the last.https://aifundflows.com/deal/amazon-qualcomm-amazon-qualcomm-up-to-60-billion-of-custom-chips/https://aifundflows.com/deal/amazon-qualcomm-amazon-qualcomm-up-to-60-billion-of-custom-chips/Tue, 08 Sep 2026 00:00:00 +0000Qualcomm co-develops custom inference chips and 1.6 Tbps optical interconnects for AWS; $60 billion is the purchase ceiling at which the warrant fully vests.https://aifundflows.com/deal/qualcomm-amazon-qualcomm-gives-amazon-4-billion-warrant/https://aifundflows.com/deal/qualcomm-amazon-qualcomm-gives-amazon-4-billion-warrant/Tue, 08 Sep 2026 00:00:00 +0000Qualcomm issues Amazon a warrant for up to 25 million shares at $161.26, vesting in tranches with purchases.https://aifundflows.com/deal/andreessen-horowitz-cognition-cognition-rises-to-48-billion-with-2-billi/https://aifundflows.com/deal/andreessen-horowitz-cognition-cognition-rises-to-48-billion-with-2-billi/Tue, 08 Sep 2026 00:00:00 +0000$2 billion round at $48 billion co-led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst and Avenir. ARR from $492 million to $900 million in four months.https://aifundflows.com/deal/samsung-mistral-samsung-leads-3-billion-into-mistral/https://aifundflows.com/deal/samsung-mistral-samsung-leads-3-billion-into-mistral/Tue, 08 Sep 2026 00:00:00 +0000€3 billion Series D (about $3.5 billion) at over €21 billion post-money (about $24 billion). Led by Samsung, co-led by Scaleup Europe Fund (EQT) and PSG; a16z, Nvidia, Salesforce Ventures, Advent and BlackRock participate.https://aifundflows.com/deal/korean-government-nvidia-korea-budgets-3-85tn-for-nvidia-vera-rubin/https://aifundflows.com/deal/korean-government-nvidia-korea-budgets-3-85tn-for-nvidia-vera-rubin/Sun, 06 Sep 2026 00:00:00 +0000Korea's science ministry plans ₩3.85tn for 140 Nvidia Vera Rubin NVL72 racks (10,080 GPUs), ₩27.5bn per rack.https://aifundflows.com/deal/nvidia-hugging-face-nvidia-buys-hugging-face-for-12-9-billion/https://aifundflows.com/deal/nvidia-hugging-face-nvidia-buys-hugging-face-for-12-9-billion/Thu, 03 Sep 2026 00:00:00 +0000Signed on 2 September and confirmed in an 8-K; closing expected in the first half of 2027 pending approvals. The platform will remain open and not tied to Nvidia hardware.https://aifundflows.com/deal/figure-ai-nscale-figure-ai-buys-3-5-billion-of-compute-from-nscale/https://aifundflows.com/deal/figure-ai-nscale-figure-ai-buys-3-5-billion-of-compute-from-nscale/Thu, 03 Sep 2026 00:00:00 +0000Multi-year deal for 100,000 Nvidia Vera Rubin GPUs at the Barstow (Texas) site from 2027; Nscale also takes a stake in Figure. Nvidia is a shareholder in both.https://aifundflows.com/deal/jane-street-fluidstack-jane-street-leads-1-5-billion-into-fluidstack/https://aifundflows.com/deal/jane-street-fluidstack-jane-street-leads-1-5-billion-into-fluidstack/Thu, 03 Sep 2026 00:00:00 +0000Fluidstack, builder of Anthropic's Google-backed data centers, raises $1.5 billion led by Jane Street and rises to an $18 billion valuation.https://aifundflows.com/deal/together-ai-humain-together-ai-takes-250-mw-from-humain/https://aifundflows.com/deal/together-ai-humain-together-ai-takes-250-mw-from-humain/Tue, 01 Sep 2026 00:00:00 +0000At LEAP 2026 Together AI signs with HUMAIN for a new 250 MW Saudi data centre, using HUMAIN compute with a revenue share.https://aifundflows.com/deal/sk-hynix-sk-hynix-indiana-sk-hynix-breaks-ground-on-indiana-hbm-plant/https://aifundflows.com/deal/sk-hynix-sk-hynix-indiana-sk-hynix-breaks-ground-on-indiana-hbm-plant/Thu, 27 Aug 2026 00:00:00 +0000SK Hynix broke ground on its $4bn+ HBM packaging plant in West Lafayette, Indiana; mass production slated for H2 2029.https://aifundflows.com/deal/humain-mis-humain-expands-mis-contract-fivefold/https://aifundflows.com/deal/humain-mis-humain-expands-mis-contract-fivefold/Thu, 27 Aug 2026 00:00:00 +0000HUMAIN expands its AI data centre design-and-build contract with Saudi-listed MIS from 50 MW to 250 MW, valued at about $2.33B.https://aifundflows.com/deal/amazon-nvidia-amazon-triples-another-2-million-nvidia-gpus/https://aifundflows.com/deal/amazon-nvidia-amazon-triples-another-2-million-nvidia-gpus/Wed, 26 Aug 2026 00:00:00 +0000Riding demand, Amazon adds 2 million Nvidia GPUs (Blackwell Ultra, Rubin, Rubin Ultra) for AWS, with deliveries in 2027-2028.https://aifundflows.com/deal/anthropic-nscale-anthropic-signs-up-to-44-6-billion-with-nscale/https://aifundflows.com/deal/anthropic-nscale-anthropic-signs-up-to-44-6-billion-with-nscale/Tue, 25 Aug 2026 00:00:00 +0000Four GPU service contracts (Vera Rubin) at the Monarch campus, revealed in Nscale's S-1; Nscale has yet to finance them.https://aifundflows.com/deal/banche-e-mercato-nebius-nebius-closes-another-5-75-billion-of-convertibl/https://aifundflows.com/deal/banche-e-mercato-nebius-nebius-closes-another-5-75-billion-of-convertibl/Mon, 24 Aug 2026 00:00:00 +0000Two tranches ($3.45 billion at 0.5% and $2.3 billion at 4.5%) to fund $16-20 billion of investment in 2026.https://aifundflows.com/deal/nvidia-poolside-nvidia-pays-6-billion-for-poolside-s-technology/https://aifundflows.com/deal/nvidia-poolside-nvidia-pays-6-billion-for-poolside-s-technology/Thu, 20 Aug 2026 00:00:00 +0000According to a letter to investors, Nvidia pays $6 billion for a non-exclusive license and part of the team: the same structure used with Groq.https://aifundflows.com/deal/nvidia-poolside-nvidia-invests-1-billion-in-poolside/https://aifundflows.com/deal/nvidia-poolside-nvidia-invests-1-billion-in-poolside/Thu, 20 Aug 2026 00:00:00 +0000Alongside the license, Poolside receives $1 billion of equity at a $12 billion pre-money valuation.https://aifundflows.com/deal/nvidia-sb-energy-nvidia-invests-1-5-billion-in-sb-energy-and-backs-opena/https://aifundflows.com/deal/nvidia-sb-energy-nvidia-invests-1-5-billion-in-sb-energy-and-backs-opena/Mon, 17 Aug 2026 00:00:00 +0000Nvidia takes a stake in SB Energy with $1.5 billion and provides credit support for land, power and facilities at the PORTS-Pike campus (Ohio); Reuters reports guarantees of up to $105 billion.https://aifundflows.com/deal/openai-sb-energy-openai-leases-8-gw-ohio-campus-for-20-years/https://aifundflows.com/deal/openai-sb-energy-openai-leases-8-gw-ohio-campus-for-20-years/Mon, 17 Aug 2026 00:00:00 +0000SB Energy builds, owns and operates the PORTS-Pike campus with 4.25 GW initially (8 GW with option) on Nvidia compute only, under a 20-year lease to OpenAI.https://aifundflows.com/deal/spacex-anysphere-spacex-buys-cursor-for-60-billion/https://aifundflows.com/deal/spacex-anysphere-spacex-buys-cursor-for-60-billion/Fri, 14 Aug 2026 00:00:00 +0000In April SpaceX obtained an option to buy at $60 billion (or pay $10 billion for the collaboration); deal formalized on 16/06/2026 after the IPO and closed on 14/08/2026 in stock. In the 10-Q the accounting consideration is $42.5 billion plus $23.4 billion of employee equity awards.https://aifundflows.com/deal/anthropic-decart-anthropic-abandons-decart-purchase/https://aifundflows.com/deal/anthropic-decart-anthropic-abandons-decart-purchase/Thu, 13 Aug 2026 00:00:00 +0000Talks worth about $6 billion for the Israeli inference-efficiency startup; in early September Anthropic withdraws after due diligence.https://aifundflows.com/deal/coatue-databricks-coatue-leads-5-billion-into-databricks-at-190-billion/https://aifundflows.com/deal/coatue-databricks-coatue-leads-5-billion-into-databricks-at-190-billion/Thu, 13 Aug 2026 00:00:00 +0000Term sheet at $188 billion announced on 17/07/2026, closed at $5 billion and a $190 billion valuation. Coatue leads; Blackstone, MGX, T. Rowe Price and Sixth Street Growth participate. The initial target was $1 billion.https://aifundflows.com/deal/banche-e-mercato-coreweave-coreweave-another-2-6-billion-loan/https://aifundflows.com/deal/banche-e-mercato-coreweave-coreweave-another-2-6-billion-loan/Mon, 10 Aug 2026 00:00:00 +0000CoreWeave closes a new $2.6 billion delayed-draw loan for AI infrastructure.https://aifundflows.com/deal/nvidia-apollo-nvidia-and-6-lenders-500-billion-for-its-customers/https://aifundflows.com/deal/nvidia-apollo-nvidia-and-6-lenders-500-billion-for-its-customers/Mon, 10 Aug 2026 00:00:00 +0000Nvidia signs memoranda of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR for financing platforms to mobilize over $500 billion for buyers of Nvidia compute.https://aifundflows.com/deal/google-mechanize-google-pays-over-1-5-billion-for-mechanize-team/https://aifundflows.com/deal/google-mechanize-google-pays-over-1-5-billion-for-mechanize-team/Thu, 06 Aug 2026 00:00:00 +0000Talent and non-exclusive license deal with the coding-agent startup; co-founder Tamay Besiroglu joins DeepMind.https://aifundflows.com/deal/spacex-terafab-terafab-spacex-and-tesla-put-in-16-8-billion/https://aifundflows.com/deal/spacex-terafab-terafab-spacex-and-tesla-put-in-16-8-billion/Thu, 06 Aug 2026 00:00:00 +0000SpaceX and Tesla initially invest $16.8 billion in the Terafab AI chip complex in Texas, using Intel's 14A process; SpaceX/xAI will use about 75% of it.https://aifundflows.com/deal/tesla-terafab-tesla-co-invests-in-terafab/https://aifundflows.com/deal/tesla-terafab-tesla-co-invests-in-terafab/Thu, 06 Aug 2026 00:00:00 +0000Tesla joins SpaceX in the first $16.8 billion investment in the Terafab chip plant in Texas.https://aifundflows.com/deal/banche-e-mercato-nexus-data-centers-15-billion-for-anthropic-campus-in-t/https://aifundflows.com/deal/banche-e-mercato-nexus-data-centers-15-billion-for-anthropic-campus-in-t/Thu, 30 Jul 2026 00:00:00 +0000Banks led by Morgan Stanley are negotiating about $15 billion for Nexus Data Centers, which is building a campus in Hubbard, Texas, leased to Anthropic. In October the bond sale is postponed due to Texas's halt on connections.https://aifundflows.com/deal/google-nexus-data-centers-google-guarantees-anthropic-campus/https://aifundflows.com/deal/google-nexus-data-centers-google-guarantees-anthropic-campus/Thu, 30 Jul 2026 00:00:00 +0000Google guarantees the four lease contracts signed by Anthropic with Nexus and the related power purchases, and receives about 20% of the project.https://aifundflows.com/deal/anthropic-nexus-data-centers-anthropic-leases-hubbard-campus/https://aifundflows.com/deal/anthropic-nexus-data-centers-anthropic-leases-hubbard-campus/Thu, 30 Jul 2026 00:00:00 +0000Anthropic signs four lease contracts for Nexus Data Centers' AI campus in Hubbard, Texas.https://aifundflows.com/deal/nvidia-naver-nvidia-invests-1-billion-in-naver/https://aifundflows.com/deal/nvidia-naver-nvidia-invests-1-billion-in-naver/Mon, 27 Jul 2026 00:00:00 +0000Nvidia becomes Naver's third-largest shareholder to accelerate Korean AI factories; the deal is tied to $9 billion of project financing (Brookfield). Payment expected 06/11/2026.https://aifundflows.com/deal/nvidia-safe-superintelligence-nvidia-invests-5-billion-in-ssi/https://aifundflows.com/deal/nvidia-safe-superintelligence-nvidia-invests-5-billion-in-ssi/Mon, 27 Jul 2026 00:00:00 +0000Long-term partnership: Nvidia invests about $5 billion in Safe Superintelligence, which gets priority access to Vera Rubin. Much of the money will flow back to Nvidia in GPU purchases.