Canadian-American alternative asset manager with $1+ trillion in assets under management.
SoftBank has announced a €75bn plan to build AI data centres in northern France and to develop up to 5GW of capacity by 2031. Governments and companies are tightening domestic energy plans in response, prompting talks on interconnectors, local refineries and nuclear or modular-reactor options to meet the data centres’ huge electricity demand.
Ocado is facing questions over Tim Steiner’s pay and potential succession amid a slide in its share price to below its 2010 flotation level. The board is considering replacements as shareholders voice concerns over pay proportionality and performance.
The Energy Department has selected five states—Idaho, Louisiana, Oklahoma, Tennessee and Utah—as potential hosts for Nuclear Lifecycle Innovation Campuses. These campuses would combine waste management, enrichment and advanced reactors, with data centers and manufacturing. The plan aims to attract private investment and create jobs, as part of a broader push to accelerate civilian nuclear energy under the current administration.
The United States and Saudi Arabia have signed a civilian nuclear cooperation agreement and a bilateral safeguards pact, but President Donald Trump has said the deal is conditional on Riyadh normalising relations with Israel. Officials and commentators are disputing whether the White House and Energy Department coordinated the announcement. Critics warn the pact weakens non‑proliferation safeguards and could spur a regional arms race.
Nvidia has enlisted six Wall Street firms to finance a $500 billion buildout of AI infrastructure, treating compute as a new asset class. The plan centers on financing data centers and GPU clusters for customers unable to pay upfront, with OpenAI-related projects and neoclouds in focus. Executives cite long-term value and revenue generation, while cautions focus on depreciation risk and China’s potential price competition.
President Donald Trump has submitted a 30-year civil nuclear agreement with Saudi Arabia to Congress, starting a 90-day review. The deal would allow U.S. firms to export civilian nuclear technology and build AP1000 reactors. The White House says the pact will only move forward if Riyadh normalises relations with Israel under the Abraham Accords.
Nvidia has reported another monster quarter, surpassing expectations with a 70% forecasted revenue increase for fiscal 2028 while signaling broader AI infrastructure growth. The company notes demand is accelerating, while supply constraints and rising memory costs pose ongoing challenges. Nvidia is expanding its financing partnerships to back AI data centers, and Meta’s $16.7 billion settlement adds regulatory attention to the AI stack.