Nvidia Said Hold My GPUs

Hey,

Spotted: Nvidia is no longer just a chip company, it is basically a bank now, throwing $105 billion at OpenAI’s Ohio data centre while bankrolling half a trillion in chip financing just to make sure nobody stops buying its GPUs.

Meanwhile OpenAI is haemorrhaging executives and pretending it is fine, Kraken wants to be your bank account, Trump is making drones great again with a $75 billion budget and tariffs that sent drone stocks through the roof.

• Nvidia Is Betting Its Future on Capital as Much as Chips

With competitors eroding its technology lead, Nvidia is leveraging its $48.5 billion quarterly free cash flow to become the AI industry’s financier of last resort, backing $500 billion in chip financing and committing $105 billion to an OpenAI data centre to keep demand for its GPUs bulletproof.

• Kraken Launches Cash Back Debit Card in Push to Win Over Everyday Consumers

Kraken has launched the Krak Card, offering up to 2% cash or bitcoin back as real money rather than points, as the crypto exchange pushes into everyday consumer finance to compete directly with CashApp, Venmo and Robinhood.

• Nvidia Commits $105 Billion to Back OpenAI’s Massive Ohio Data Centre

Nvidia is financing up to $105 billion for a new OpenAI data centre in Ohio delivering 4.25 gigawatts of compute capacity from 2028, as the chipmaker doubles down on bankrolling the AI infrastructure it sells chips to power.

• Brockman Shrugs Off OpenAI Leadership Concerns in CNBC Interview

Brockman brushed off concerns about a wave of executive departures at OpenAI, arguing the scrutiny comes with being in the spotlight, as the company reported 20% month-over-month revenue growth ahead of its blockbuster IPO.

• Drone Stocks Surge as Trump Imposes Tariffs on Foreign Components

Trump's new tariffs on foreign drones ranging from 25% to 100% sent US drone stocks surging, as the administration pushes to scale domestic production and cut reliance on China with a record $75 billion drone budget for 2027.

🧠 Quick Brain Teaser!

1. What is the smallest country in the world by land area?

2. How many bones are in the human body?

3. Which planet in our solar system has the most moons?

🔥Trending Roles:

• Principal DevOps Engineer - Decision Management Platform, Mastercard

  Ashbourne, Hybrid

• Data Engineer, Answer Digital

  Hybrid, Leeds

• Senior Backend Developer, Pixel

  Fully Remote, Manchester

• Product Manager, Gear4music

  Hybrid, York

• Software Engineer, Opencast

  Hybrid, Newcastle upon Tyne

• Lead Developer, Ctrl Hub

  Fully Remote, Gateshead

• Implementation Engineer, DigitalGenius

  Remote, London

✈️ Head on over to Haystack to browse more roles like these ones!

📚 What We’re Reading:

• Berkshire’s Alphabet stake, Meta goes back to court, Europe’s champagne problems and more in Morning Squawk

• Can AI Coexist With Privacy? Proton’s Andy Yen Says It Will Have To

And the answer is…… 🥁🥁🥁🥁

1. Vatican City, at just 0.44 square kilometres

2. 206 bones in an adult human body. Babies are actually born with around 270 to 300 bones, which fuse together as they grow.

3. Saturn, with 146 confirmed moons as of 2026, overtaking Jupiter which has 95. Saturn's largest moon is Titan, which is bigger than the planet Mercury.

See you next week!

Haystack.