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THE DAILY INDEX

Technology, AI, software, security, crypto and business

GENERAL

TLDR AI

NVIDIA DOWNSIZES PLANS FOR $250 BILLION GUARANTEE OF OPENAI DATA CENTER

Nvidia and OpenAI are close to closing a financial deal for a large-scale data-center campus in Ohio. Under the deal, Nvidia would provide a financial backstop for the first phase of the project, totaling roughly five gigawatts of power. OpenAI will then have to decide later whether or how to finance the remainder. Nvidia originally planned to invest $250 billion into the deal, but lowered its guarantee to less than $120 billion to address investors' concerns about the chipmaker's risk exposure.

GLM-5.3: HOW CHINESE LABS KEEP STRIDE WITH THE FRONTIER

Z.ai has a time-to-release of likely days, rather than months as with OpenAI or Anthropic. While OpenAI and Anthropic likely have far better internal models, the companies tend to take months to release their models to the public. Z.ai probably cares a little more about public benchmarks than its US counterparts, but it is not benchmaxxing to the point where it is too obvious with GLM-5.3. The RL industry is taking off in China, very much driven by US data companies selling to Chinese model labs.

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