Investment: Nvidia wants to invest billions in AI partners
The chip company wants to pay 2 billion dollars for around 20 percent in the energy infrastructure provider according to a media report.
Nvidia plans to invest billions into AI partner initiative "Stargate", according to a media report. The funding will flow to Lancium, a company developing the energy infrastructure for the project, which involves US President Donald Trump's consortium with Japanese tech investor SoftBank, OpenAI, and Oracle. The project aims to invest up to half a billion dollars in expanding digital infrastructure for Artificial Intelligence (AI), including data centers.
Nvidia is set to provide around $2 billion for a 20% stake in Lancium, with an additional $1 billion possible if the company achieves certain milestones, according to insiders. The agreement valued Lancium, backed by financial investor Blackstone, at around $10 billion. The capital is expected to help Lancium expand its business, with potential for an initial public offering in 2027.
Lancium operates the "Lancium Clean Campus" in Abilene, Texas, as the first active location of the "Stargate" initiative. Nvidia and Lancium's schedules for comment are currently unavailable.
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