The artificial intelligence infrastructure project involving SoftBank, OpenAI, and Oracle that President Donald Trump heralds as accelerating AI in the US is expected to depend in part on solar and batteries.
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PHOTO: REEGAN MOEN
$100B Stargate AI data center venture will tap solar power
The artificial intelligence infrastructure project involving SoftBank, OpenAI, and Oracle that President Donald Trump heralds as accelerating AI in the US is expected to depend in part on solar and batteries. Read here
LNG firm Venture Global raises $1.75B in US IPO
The Virginia-based liquefied natural gas exporter has marked the first big initial public offering of President Donald Trump's second term as investors bet on his plan to boost US energy production.Read here
PHOTO: VENTURE GLOBAL
Blackstone to buy $1B Virginia power plant
Blackstone Energy Transition Partners has agreed to acquire Potomac Energy Center, a 774-megawatt natural gas-fired power plant, in a deal symbolizing the allure of power plants sited near data centers.Read here
PHOTO: BLACKSTONE
NEWS WORTH NOTING
TikTok’s suitors, from Elon Musk to MrBeast
The video-sharing social media platform’s Chinese parent has just over two months to find a buyer for its US business or face a nationwide ban. But there is already competition to own the app.Read here
Monte dei Paschi launches $13.9B bid for Mediobanca
One of the world's oldest banks has initiated an all-share buyout offer for the investment bank in the latest surprise twist of a complex Italian banking saga. Read here
EQT reports $11.5B in exits, marking PE rebound
The Swedish private equity giant has noted a 72% increase in proceeds from the prior year, signaling a recovery in private equity activity after a period of subdued exits. Read here
JV is sole contender for $5B India submarine deal
German shipbuilder ThyssenKrupp and its Indian partner have cleared field trials for building six advanced conventional submarines for the Indian Navy. Read here
Shimao lender seeks private credit deal for $1.3B loan
A bank is reportedly negotiating with investors to offload a loan tied to a luxury apartment project central to the restructuring of the Chinese property developer.Read here
