Nvidia and OpenAI are finalising a data centre agreement that halves the original financial guarantee. The Wall Street Journal reports the chipmaker will now guarantee just under $120 billion instead of the planned $250 billion. Investors pushed for this reduction due to concerns over Nvidia’s risk exposure. The scaled-back commitment covers the first construction phase delivering about five gigawatts of capacity. OpenAI is separately negotiating a lease for the full 10-gigawatt project developed by SB Energy, a SoftBank subsidiary. Nvidia is also in talks over separate financing for OpenAI’s chip purchases worth up to $350 billion.
This adjustment signals that even major beneficiaries of the AI boom are growing more cautious under pressure. The deal change provides ammunition to critics warning about an AI bubble. Meanwhile, Anthropic‘s financial results challenge that narrative. The company’s revenue more than doubled in a single quarter, rising from $4.73 billion in Q1 to over $11.5 billion in Q2. People familiar with the company’s finances say Anthropic projects revenue of roughly $190 billion to $200 billion for 2028. If those figures hold, they suggest demand for proprietary AI services continues to surge despite political headwinds and growing competition from China. Anthropic reportedly plans to go public at a valuation near $1 trillion in late September or early October.
- Anthropic revenue jumped 14 times year over year
- Projected 2028 run rate dwarfs current annual figures
- Plans to list near $1 trillion valuation in October
