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Project Overview
Center is a multi-chain, high-performance NFT API designed with speed and developer productivity in mind. It aims to enable developers to quickly and easily provide search capability for NFTs across multiple blockchains using metadata for the discovery of NFTs, and embed the results in their apps.
Musk: Debt Financing Channels for AI Data Center Companies Are Tightening, Over 200 Emerging Cloud Service Providers May Face Large-Scale Elimination
Odaily reports: Musk posted on X platform that over the past few weeks, the debt financing market has almost completely shut off financing channels for companies lacking substantial revenue sources outside their AI data center businesses. Musk stated that SpaceX has completed $40 billion in GPU-related debt financing, thanks to its investment-grade credit rating and the revenue generated by Starlink and its rocket launch business.He predicts that more than 200 emerging cloud service providers (Neoclouds) will face large-scale bankruptcies and industry consolidation, with only a few ultimately surviving.
SK Hyper Seeks Financing to Advance $350 Billion AI Data Center Buildout
SK Hyper, the data center subsidiary of South Korea's SK Group, has announced the launch of a new funding round and is currently in talks with major tech companies and financial investors. The new capital will be used for a data center construction project expected to involve $350 billion in investment, with total capacity set to reach 15 gigawatts. The first round of external financing is planned for completion in late 2026 or early 2027, with additional fundraising to continue over the following three to four years. (Bloomberg)
SB Energy May Delay IPO Until After December, OpenAI Data Center Project Valuation Faces Scrutiny
According to Yonhap News Agency, SoftBank Group-affiliated data center developer SB Energy is considering delaying its U.S. listing to December or next year, shifting from its originally scheduled date of September this year. SB Energy is the driving force behind OpenAI's Ohio data center project. The report noted that recent heightened market volatility and rising interest rates have cooled investor sentiment toward AI-dedicated data center (Neocloud) companies. SB Energy plans to list at a valuation of approximately $60 billion, aiming to raise between $5 billion and $7 billion. However, the company currently has no operational data centers, and its valuation is based solely on expected future profits, which has led to a lukewarm response from investors. According to sources familiar with the matter, SB Energy's management is closely monitoring Anthropic's anticipated IPO, expected before the Thanksgiving holiday in November. If Anthropic's stock performance remains strong following its listing, SB Energy could proceed with its own offering in December.
Data Center Operator DayOne Reassesses US IPO Plans
Odaily reports: According to people familiar with the matter, as volatility in the data center sector intensifies, DayOne Data Centers is reassessing its US IPO plans and may delay its listing or reduce the offering size. The people said that Singapore-based DayOne has been waiting for the right moment to launch its IPO and is also considering postponing the offering until the market stabilizes. Other options include scaling down the offering to raise $2.5 billion to $3 billion, roughly half of its original target.The people said DayOne is still engaging with potential investors and hopes to move ahead with the listing as soon as market conditions permit. It was previously reported that the company initially considered raising up to $5 billion through an IPO as early as the fourth quarter, targeting a valuation of about $20 billion. The people said discussions are ongoing, DayOne has not made a final decision, and the company may still choose to proceed with the IPO in the coming weeks. DayOne declined to comment.
Bitwise, Hyperliquid urge SEC to revise crypto rules, focusing on token classification, airdrops, and secondary market trading
Odaily reports: Asset management firm Bitwise Asset Management and the Hyperliquid Policy Center submitted comment letters to the U.S. Securities and Exchange Commission (SEC) on Monday, calling for changes to proposed crypto rules to clarify token classification, airdrops, and secondary market trading rules.The SEC's proposed Regulation Crypto Assets would establish exemptions for qualifying crypto fundraising and provide a conditional safe harbor for tokens related to investment contracts. Bitwise is asking for clear standards by which investment managers can determine whether a token is subject to securities laws.The Hyperliquid Policy Center is asking for an expansion of the safe harbor's scope and for clear rules on airdrops that reward network participants and on token buybacks. The organization also wants the SEC to clarify whether unregistered intermediaries can facilitate token trading, and whether tokens can be freely traded through on-chain protocols.Former SEC enforcement official John Reed Stark and Duke University finance scholar Lee Reiners, meanwhile, are calling for the proposal to be withdrawn, arguing that it exceeds the SEC's statutory authority and weakens investor protection. The SEC will decide whether to revise, adopt, or withdraw the rule after the public comment period ends, and the final rule must take effect after a Commission vote. (Cointelegraph)
Hyperliquid Policy Center Submits Five Revision Suggestions on SEC's Cryptocurrency Regulation Proposal
According to a comment letter submitted by the Hyperliquid Policy Center (HPC) to the U.S. Securities and Exchange Commission (SEC) on October 19, the HPC generally supports the SEC's proposed Crypto Asset Regulation (File No. S7-2026-27) and urges its prompt adoption. The proposal includes a $5 million startup exemption (four-year term), a $75 million fundraising exemption (per 12 months), a safe harbor for investment contracts, and state-level advance applicability provisions for "qualified purchasers." The HPC also puts forward five recommendations: 1. Airdrops: Incorporate airdrop analysis into the final rule text and use "clear and specific consideration" as the criterion for determining a "monetary investment"; 2. Secondary Markets: Clarify the status of secondary market trading and intermediaries, enabling assets issued under exemptions to trade immediately outside the registration framework, and recommend exempting relevant trades and platform determinations under Section 36 of the Exchange Act; 3. Safe Harbor: Its use should not be construed as an admission that an investment contract or issuer status exists, and protections should extend through the period during which key management tasks are being performed; 4. Buybacks: Incorporate the SEC Division of Corporate Financing's recent buyback guidance into the rules, standardize the "central party" concept, and distinguish between programmatic buybacks and discretionary buybacks; 5. Federal Advance Applicability: Issuers meeting safe harbor conditions may opt out of reporting obligations or adopt a simplified annual certification to avoid state regulatory intervention. The HPC stated that without the aforementioned adjustments, the actual
Hyperliquid Policy Center Submits Five Revision Suggestions on SEC's Cryptocurrency Regulation Proposal
According to a comment letter submitted by the Hyperliquid Policy Center (HPC) to the U.S. Securities and Exchange Commission (SEC) on October 19, the HPC generally supports the SEC's proposed Crypto Asset Regulation (File No. S7-2026-27) and urges its prompt adoption. The proposal includes a $5 million startup exemption (four-year term), a $75 million fundraising exemption (per 12 months), a safe harbor for investment contracts, and state-level advance applicability provisions for "qualified purchasers." The HPC also puts forward five recommendations: 1. Airdrops: Incorporate airdrop analysis into the final rule text and use "clear and specific consideration" as the criterion for determining a "monetary investment"; 2. Secondary Markets: Clarify the status of secondary market trading and intermediaries, enabling assets issued under exemptions to trade immediately outside the registration framework, and recommend exempting relevant trades and platform determinations under Section 36 of the Exchange Act; 3. Safe Harbor: Its use should not be construed as an admission that an investment contract or issuer status exists, and protections should extend through the period during which key management tasks are being performed; 4. Buybacks: Incorporate the SEC Division of Corporate Financing's recent buyback guidance into the rules, standardize the "central party" concept, and distinguish between programmatic buybacks and discretionary buybacks; 5. Federal Advance Applicability: Issuers meeting safe harbor conditions may opt out of reporting obligations or adopt a simplified annual certification to avoid state regulatory intervention. The HPC stated that without the aforementioned adjustments, the actual
Hyperliquid Policy Center Calls on SEC to Exclude Airdrops from Securities Definition
Hyperliquid News posted on X that the Hyperliquid Policy Center is calling on the U.S. Securities and Exchange Commission (SEC) to exclude airdrops from the definition of securities.Its specific arguments include: codifying into rule the position the SEC proposed in March 2026 that free airdrops do not constitute a "money investment" and therefore are not investment contracts; extending this rule to announced airdrops, including periodic or recurring distributions, provided that the network is already operational, eligibility is based on usage or contribution (trading, validating, providing liquidity, governance), and the airdrop is not a means of fundraising. The Hyperliquid Policy Center holds that investment requires tangible and identifiable consideration, and that airdrops are rewards rather than investments; claim processes such as connecting a wallet, signing, paying gas fees, completing KYC/AML, or accepting terms of service should not be deemed consideration. Additionally, the rule should apply retroactively to past airdrops or cover Hyperliquid's native airdrop.
Coinbase Partners with UK and US Law Enforcement to Combat West African Transnational Scam Network
Odaily News — During an international joint anti-fraud operation held in London from October 6 to 9, Coinbase collaborated with the UK's National Crime Agency (NCA), the US Department of Justice's Scam Center Strike Force, and the Tech Against Scams coalition to jointly combat transnational scam networks operating in West Africa. Coinbase's global intelligence team participated in tracking illicit fund flows, assisting in freezing involved assets, and sharing investigative leads in real time.The related scam tactics include fake cryptocurrency investments, impersonating law enforcement officers, and coercing victims into transferring funds through staged video call arrest scenarios. Coinbase stated that as crackdowns on scam compounds in Southeast Asia continue to intensify, some criminal networks are gradually shifting to regions such as West Africa, and the company will continue to cooperate with law enforcement agencies to track cross-border fraud funds.
Singapore Crypto Fraud Losses Drop 43% Year-on-Year as Coinbase Partners with Anti-Fraud Center to Intercept Over SGD 18.9 Million
According to an official Coinbase blog post, the Singapore Police Force Anti-Scam Center (ASC) released a first-half 2026 fraud and cybercrime briefing showing that cryptocurrency fraud losses in Singapore fell 43% year-over-year, dropping from S$114.9 million to S$65.5 million. The ASC credited this progress partly to enforcement actions by industry partners, which included blocking 47,500 mobile phone lines, 37,500 WhatsApp accounts, and 52,200 malicious websites, alongside investigations into more than 2,900 money mules and scammers, resulting in charges against approximately 470 individuals. Through four joint operations with the ASC, Coinbase’s Global Intelligence Team identified over 720 potential victims and assisted in intercepting more than S$18.9 million in potential losses.
Hyperliquid and Phantom Submit Comment Letter, Arguing Protocol Developers Should Not Be Treated as Financial Intermediaries
Odaily News: The Hyperliquid Policy Center and wallet developer Phantom have submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC), arguing that developing on-chain infrastructure protocols and code is not equivalent to providing regulated financial services, and that protocol developers should not be regarded as financial intermediaries.The comment letter states that self-custodial, code-based on-chain markets require a modern regulatory framework, and recommends providing regulatory clarity, promoting the reshoring of innovation to the United States under CFTC oversight, and preserving users' ability to self-custody their assets.
Oracle Invokes "Force Majeure" Clause to Avoid Disputed Data Center Project
Odaily News: Oracle (ORCL.N) is attempting to avoid the massive costs associated with a large data center project in New Mexico, which undoubtedly adds new uncertainties to a project already plagued by opposition and regulatory obstacles. According to people familiar with the matter, Oracle has sent a notice to a subsidiary of Blue Owl Capital, the project's developer, invoking the force majeure clause.The sources said Oracle is not seeking to exit the project as the primary tenant, but rather wants to defer payments in the event that the "Project Jupiter" data center project experiences delays and fails to come online as planned in 2028. (Bloomberg)
Kalshi Traders Predict Global AI Data Centers Will Surpass 5,100 by 2027
Odaily reports: According to data from prediction market platform Kalshi, traders assign a 75% probability that the number of AI data centers planned or already in operation globally will exceed 5,100 by 2027, up from 60% two weeks ago. The prediction contract will be verified by data center tracking platform Data Center Map.According to Data Center Map, the United States currently has more than 4,700 data centers in operation or in planning, with Virginia leading at over 670, followed by Texas and California with more than 537 and 200 respectively. Meanwhile, the expansion of AI data centers has also sparked opposition from some communities, with residents concerned that projects could drive up local electricity costs and increase water consumption. (CNBC)
Goldman Sachs: Texas and Pennsylvania Tighten Data Center Approvals, AI Compute Demand Continues to Accelerate
According to Chaoxiang Research, Goldman Sachs' August 31, 2026 research report indicates that Texas and Pennsylvania governors signed executive orders in August to tighten data center development regulations. Goldman Sachs utilities analysts note minimal impact on high-quality, large-scale projects, while speculative, undercapitalized ventures will bear the brunt. SMCI's F4Q26 earnings report reveals single-quarter orders exceeding $60 billion, with FY27 revenue guidance set at $65 to $72 billion, reflecting a 75% year-over-year increase, approximately 70% of which is tied to pure AI deployments.
1685 users affected, Avici will fully refund card balances of $500,900
Odaily News, Avici announced that its card partner Rain discovered today a vulnerability in an old Solana card contract used by Avici and a few other projects. The relevant contract has now been upgraded across all projects, and no further unauthorized activity has been detected. This incident only affected the standalone Solana contract used to hold post-deposit card balances; users' Avici wallets and card balances are isolated from each other, and funds in Solana and EVM self-custody wallets are safe and unaffected. Upon review, a total of 1,685 users were affected, with combined card balances of approximately $500,900. Avici has committed to fully refunding card balances to all affected users and has filed a report with the FBI's Internet Crime Complaint Center (IC3). Previously reported, Avici, a crypto banking project, saw its native token AVICI allegedly suffer a hacker attack, with losses of approximately $1.02 million. The attacker transferred 10,000 SOL stolen from the project to another wallet, converted it into approximately $1.02 million USDC, and then swapped the funds into approximately 418 ETH via cross-chain operations.
Microsoft removes Mico from Copilot Voice and transfers him to the Learning Center as a tutor.
Microsoft has removed the anthropomorphic chatbot Mico from Copilot voice features and moved it to the Learn Live learning center to serve as a "tutor". The support page states that the interaction experience accumulated by Mico is shaping the future direction of Copilot, and Copilot voice interaction features remain available. Mico was launched in October 2025, enabled by default in voice mode, and previously included an Easter egg where clicking turns it into Clippy.
AI Data Center Power Demand Surges, US Pipeline Operators Accelerate Expansion
According to Bloomberg, as electricity demand from AI data centers continues to surge, US pipeline operators are competing to expand natural gas transmission capacity. Energy Transfer LP Co-CEO Thomas Long stated during Tuesday's analyst conference call that the company is actively advancing multiple pipeline projects to meet the incremental demand for gas-fired power generation and expects to announce more project details within the coming months. The rapid expansion of AI computing infrastructure is profoundly impacting the traditional energy industry, and natural gas pipelines, as a key support for stable power supply to data centers, are witnessing a new investment boom.
Intel Corporation reported second-quarter revenue of $16.13 billion, a 25% increase year-over-year
Intel Corporation's second-quarter revenue was $16.13 billion, up 25% year-over-year, compared to estimates of $14.43 billion. Second-quarter Data Center and AI revenue was $6.26 billion, surpassing analyst estimates of $5.54 billion. Second-quarter adjusted earnings per share (EPS) was $0.42, exceeding analyst estimates of $0.21. The company expects third-quarter revenue between $15.8 billion and $16.8 billion, compared to analyst estimates of $15.06 billion. The company anticipates third-quarter adjusted EPS of $0.38, exceeding analyst estimates of $0.27. (Wall Street CN)According to MSX.COM data, Intel shares surged in after-hours trading, rising as much as 13% before gains narrowed to 3%.
OpenAI Discloses Two AI-Assisted Covert Influence Operations: Using AI to Create "Fake Identities" and Spread Content
OpenAI has released a report stating it recently banned two groups that used its models to conduct covert influence operations (IO). These operations combined AI with traditional techniques to create "fake front" entities and fake identities. OpenAI stated that the Russia-linked operation "Dark Clark" controlled a fake think tank called the "Social Research Center (SRC)," and is suspected of using ChatGPT to write internal reports, generate content, and conduct influence activities in Latin America. OpenAI assessed this operation as Level 5 on the IO Breakout Scale, marking the first time it has identified a case reaching this level since it began disclosing such operations.OpenAI stated that AI has not changed the fundamental patterns of these influence operations, but has enhanced their scale, efficiency, language capabilities, and content production capacity, making it easier for attackers to create fake identities, fabricate content, and disseminate information to real media channels.
AI-Driven Vulnerability Operations Center Hackuity Announces Completion of €16 Million Funding Round
According to EU-Startups, Lyon-based AI-driven Vulnerability Operations Center (VOC) Hackuity has announced the completion of a €16 million funding round (approximately $19 million), led by Forgepoint Capital International alongside Bright Pixel, Bpifrance, and Seventure Partners, bringing its cumulative funding to €32 million. The funds will be allocated toward product innovation, AI capability enhancements, and expansion into European and Asian markets. Hackuity’s platform integrates data from over 130 security tools, automating vulnerability prioritization and remediation through a proprietary risk scoring engine. It currently serves more than 6,000 users, protects over 2 million assets, and manages 1 billion security findings, with enterprise clients including ENGIE, BPCE, and Orange Cyberdefense.
Busan Integrated Shopping Center SMS Account Compromised, 260,000 Receive Crypto Wallet Phishing Messages
According to Yonhap News Agency, the Busan Metropolitan Police Agency revealed that on the morning of September 12, an unauthorized individual breached the SMS agency account used by the marketing department of a mixed-use shopping complex in Sasang-gu, Busan. The attacker bulk-sent scam messages to over 260,000 unspecified recipients, claiming "your cryptocurrency wallet has been updated" and urging quick installation. Once users clicked the attached links, they could fall victim to a smishing attack, potentially resulting in the theft of their virtual assets. Police have since blocked access to the relevant accounts and are actively investigating the intruders.
US Department of Justice Has Frozen Approximately $938 Million in Fraud-Related Crypto, With About $52 Million Added in a Single Day
Odaily News: In an operation targeting the Telegram crypto escrow trading platform Xinbi Guarantee, the U.S. Department of Justice's Scam Center Strike Force restricted the handling of approximately $52 million in fraud-related cryptocurrency in a single day, bringing the cumulative total to approximately $938 million. Previously, the cumulative amount frozen, seized, or recovered had already exceeded $580 million.The U.S. Department of the Treasury stated that since its founding around 2022, Xinbi Guarantee has processed over $24 billion in transactions, involving digital assets and fiat currency, primarily serving Southeast Asian transactions. North Korean hackers and sanctioned entities are alleged to have used the platform, including entities under Jin Bei Group and Prince Group.A U.S. federal court approved the seizure on September 7 of the Telegram channel operated by Xinbi Guarantee. Law enforcement authorities also seized two payment wallets totaling approximately $12 million and applied to freeze another 47 cryptocurrency wallets suspected of being used for money laundering or associated with fraud-related service providers.The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) added Xinbi Guarantee and its two supporting companies, Safew Technology and Anwen Technology, to its sanctions list on September 9. The U.S. Department of Justice also dispatched investigators to Madagascar to assist local law enforcement in cracking down on 13 scam compounds operated by Chinese nationals and to process over 3,200 electronic devices. (Bitcoin.com News)
OpenAI appoints AI safety researcher Paul Christiano to the board of directors.
According to TechCrunch, AI alignment researcher Paul Christiano has officially joined the board of directors of the OpenAI Foundation and will serve as a member of its Safety and Security Committee. Christiano stated that he believes the rapid acceleration of AI capabilities poses a significant risk of "catastrophic and irreversible loss of control," and that the AI industry, including OpenAI, is not currently on track to effectively mitigate this risk. His appointment comes against the backdrop of several recent security incidents at OpenAI involving AI agents breaching constraints and infiltrating external computer systems, prompting widespread scrutiny of its safety protocols. Christiano is one of the core developers of the reinforcement learning (RLHF) technology. After leaving OpenAI in 2021 to found the Alignment Research Center (ARC), he will also continue to serve as an AI safety advisor to the U.S. government, though he will recuse himself from OpenAI-related matters and model evaluation work.
Binance Wallet Saves Users from $540 Million in Potential Losses in H1
Odaily News: Binance stated that in the first half of 2026, the Binance Wallet Security Center helped users avoid approximately $540 million in potential losses, filtering about 206 million spam transfers, identifying 4.93 million high-risk transactions, and approximately 996,000 malicious authorizations during the period. Binance noted that AI is being used by attackers to mass-generate malicious code, phishing websites, and fake identities, shifting attacks from broad-based approaches to more targeted fraud.
Comprehensive Upgrade of the Digital RMB Infrastructure Service System
The Digital RMB Operations Management Center has publicly announced the digital RMB infrastructure service system, unveiling two core achievements: the central bank-side digital RMB system (DCEPS) and the digital RMB smart contract ecosystem service framework (e-CNY SMART Contract). (Xinhua News Agency)
Hyperliquid Policy Center Submits Five Revision Suggestions on SEC's Cryptocurrency Regulation Proposal
According to a comment letter submitted by the Hyperliquid Policy Center (HPC) to the U.S. Securities and Exchange Commission (SEC) on October 19, the HPC generally supports the SEC's proposed Crypto Asset Regulation (File No. S7-2026-27) and urges its prompt adoption. The proposal includes a $5 million startup exemption (four-year term), a $75 million fundraising exemption (per 12 months), a safe harbor for investment contracts, and state-level advance applicability provisions for "qualified purchasers." The HPC also puts forward five recommendations: 1. Airdrops: Incorporate airdrop analysis into the final rule text and use "clear and specific consideration" as the criterion for determining a "monetary investment"; 2. Secondary Markets: Clarify the status of secondary market trading and intermediaries, enabling assets issued under exemptions to trade immediately outside the registration framework, and recommend exempting relevant trades and platform determinations under Section 36 of the Exchange Act; 3. Safe Harbor: Its use should not be construed as an admission that an investment contract or issuer status exists, and protections should extend through the period during which key management tasks are being performed; 4. Buybacks: Incorporate the SEC Division of Corporate Financing's recent buyback guidance into the rules, standardize the "central party" concept, and distinguish between programmatic buybacks and discretionary buybacks; 5. Federal Advance Applicability: Issuers meeting safe harbor conditions may opt out of reporting obligations or adopt a simplified annual certification to avoid state regulatory intervention. The HPC stated that without the aforementioned adjustments, the actual
Solana has gone two consecutive years without reporting a mainnet outage, Fidelity flags staking and other areas as needing continued observation
Odaily reports: Solana has gone two consecutive years without reporting a mainnet outage. A report from Fidelity's Applied Technology Center (FCAT) notes that its network health has made progress across resilience, economic security, and performance metrics.The report notes that higher staking participation and incentive mechanisms rewarding validator performance underpin Solana's economic security, while low latency, improved scalability, and low-cost transactions also support its adoption at scale.The report also states that staking concentration among a small number of validator identities and operators, as well as concentration in custody and client software, still require continued observation. Jacob Creech, VP of Technology at the Solana Foundation, said that Solana reduced slot times to 350 milliseconds on August 21; the foundation announced plans in June to further reduce this to 200 milliseconds, with three additional 50-millisecond adjustments to follow. (Cointelegraph)
Singapore Crypto Fraud Losses Drop 43% Year-on-Year as Coinbase Partners with Anti-Fraud Center to Intercept Over SGD 18.9 Million
According to an official Coinbase blog post, the Singapore Police Force Anti-Scam Center (ASC) released a first-half 2026 fraud and cybercrime briefing showing that cryptocurrency fraud losses in Singapore fell 43% year-over-year, dropping from S$114.9 million to S$65.5 million. The ASC credited this progress partly to enforcement actions by industry partners, which included blocking 47,500 mobile phone lines, 37,500 WhatsApp accounts, and 52,200 malicious websites, alongside investigations into more than 2,900 money mules and scammers, resulting in charges against approximately 470 individuals. Through four joint operations with the ASC, Coinbase’s Global Intelligence Team identified over 720 potential victims and assisted in intercepting more than S$18.9 million in potential losses.
CleanSpark Secures $2.276 Billion to Complete Data Center Construction, Meta Lease Expected to Generate $6.6 Billion in Revenue
Odaily News: CleanSpark announced it has secured $2.276 billion in funding to complete the construction of the Sandersville data center. The project mined 529 BTC in September and sold 702 BTC, of which 2 BTC were sold through spot trading and 700 BTC through call options at an average selling price of $72,928, reducing its holdings by 173 BTC to 13,530 BTC. CleanSpark will transition to quarterly operational data reporting; with the support of the Meta lease, the data center is expected to generate $6.6 billion in revenue.
Bitdeer AI Adds 67MW Data Center to Host NVIDIA GB300 Systems
Bitdeer AI has secured a 67MW data center campus in Malaysia, planned to host NVIDIA GB300 systems. Following this expansion, its secured AI cloud business capacity has increased to 273.5MW, and its AI cloud business pipeline is expected to have exceeded $10 billion.
Related news
Musk: Debt Financing Channels for AI Data Center Companies Are Tightening, Over 200 Emerging Cloud Service Providers May Face Large-Scale Elimination
Odaily reports: Musk posted on X platform that over the past few weeks, the debt financing market has almost completely shut off financing channels for companies lacking substantial revenue sources outside their AI data center businesses. Musk stated that SpaceX has completed $40 billion in GPU-related debt financing, thanks to its investment-grade credit rating and the revenue generated by Starlink and its rocket launch business.He predicts that more than 200 emerging cloud service providers (Neoclouds) will face large-scale bankruptcies and industry consolidation, with only a few ultimately surviving.
SK Hyper Seeks Financing to Advance $350 Billion AI Data Center Buildout
SK Hyper, the data center subsidiary of South Korea's SK Group, has announced the launch of a new funding round and is currently in talks with major tech companies and financial investors. The new capital will be used for a data center construction project expected to involve $350 billion in investment, with total capacity set to reach 15 gigawatts. The first round of external financing is planned for completion in late 2026 or early 2027, with additional fundraising to continue over the following three to four years. (Bloomberg)
SB Energy May Delay IPO Until After December, OpenAI Data Center Project Valuation Faces Scrutiny
According to Yonhap News Agency, SoftBank Group-affiliated data center developer SB Energy is considering delaying its U.S. listing to December or next year, shifting from its originally scheduled date of September this year. SB Energy is the driving force behind OpenAI's Ohio data center project. The report noted that recent heightened market volatility and rising interest rates have cooled investor sentiment toward AI-dedicated data center (Neocloud) companies. SB Energy plans to list at a valuation of approximately $60 billion, aiming to raise between $5 billion and $7 billion. However, the company currently has no operational data centers, and its valuation is based solely on expected future profits, which has led to a lukewarm response from investors. According to sources familiar with the matter, SB Energy's management is closely monitoring Anthropic's anticipated IPO, expected before the Thanksgiving holiday in November. If Anthropic's stock performance remains strong following its listing, SB Energy could proceed with its own offering in December.
UK AI Firms Warn Government Has Only 12-Month Window to Resolve Data Center Protests
According to The Guardian, the Sovereign AI Leadership (SAIL) working group, comprising companies such as Nvidia, Microsoft, and Cisco, has submitted recommendations to the UK government stating that Britain has approximately 12 months to address public opposition to data centers; otherwise, a wave of protests similar to those in the United States could emerge, threatening project construction. The working group noted that successive dry summers and rising energy bills are intensifying public concern over data centers. SAIL urges the government to establish a "community prosperity compact," providing a unified framework for local authorities and mayors to outline local benefit provisions for data centers, including setting financial or infrastructure contributions based on project scale, and allowing host local councils to retain a greater share of tax revenue. Microsoft previously pledged to invest $30 billion in UK AI infrastructure and has already constructed a data center in Acton, London, with a project in Newport currently under construction.
IREN Plans to Build 300 MW AI Data Center Campus in Spain
IREN plans to build a 300 MW artificial intelligence data center campus in Spain, targeted to begin operations in 2028, in a move to advance its sovereign AI footprint in Europe. (TheEnergyMag)
Comprehensive Upgrade of the Digital RMB Infrastructure Service System
The Digital RMB Operations Management Center has publicly announced the digital RMB infrastructure service system, unveiling two core achievements: the central bank-side digital RMB system (DCEPS) and the digital RMB smart contract ecosystem service framework (e-CNY SMART Contract). (Xinhua News Agency)