The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Research · Q1

Nvidia → ext (population) (AI cloud lease counterparties)

$3.5B (contingent guarantee, not in the totals) — **The guarantee total is now filed at $108.5B, not $105B — a new $3.5B line for "AI clouds" (plural), beyond the SB Energy/OpenAI guarantee.** Nvidia's 10-Q for the quarter ended 2026-07-26 (filed 08-26) itemizes: "Land, power, and shell guarantees for AI clouds: $3.5B; SB Energy

high confidence · as of 2026-08-26T00:00:00Z · about Ext undisclosed ai clouds nvidia lease guarantees

$3.5B (contingent guarantee, not in the totals) — **The guarantee total is now filed at $108.5B, not $105B — a new $3.5B line for "AI clouds" (plural), beyond the SB Energy/OpenAI guarantee.** Nvidia's 10-Q for the quarter ended 2026-07-26 (filed 08-26) itemizes: "Land, power, and shell guarantees for AI clouds: $3.5B; SB Energy

Sourced figures 1

the working

Basis

$3.5B (contingent guarantee, not in the totals) — **The guarantee total is now filed at $108.5B, not $105B — a new $3.5B line for "AI clouds" (plural), beyond the SB Energy/OpenAI guarantee.** Nvidia's 10-Q for the quarter ended 2026-07-26 (filed 08-26) itemizes: "Land, power, and shell guarantees for AI clouds: $3.5B; SB Energy

Threads 0

No thread tagged to this actor yet.

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Research · Q1.