Nvidia invests up to three billion dollars in Stargate power company

Nvidia has agreed to invest up to $3 billion in Lancium, a company that owns land and power infrastructure for AI data centres in Texas. The first payment will be $2 billion, giving Nvidia around a 20% share of the company. A further $1 billion may follow if Lancium meets certain targets, including securing connections to the electrical grid. The deal puts Lancium's total value at about $10 billion. Lancium operates a clean-energy site in Abilene, Texas, where the first facilities of the Stargate project are being built. Stargate is a large AI infrastructure programme involving OpenAI, SoftBank, and Oracle. The money will help Lancium grow and possibly list on a stock exchange in 2027. Neither company has confirmed the reported figures.