NVIDIA has reportedly reduced its guarantee for OpenAI’s planned Ohio data center from $250 billion to just under $120 billion after investor pressure, according to The Decoder. The same report says Anthropic’s quarterly revenue rose from $4.7 billion to $11.5 billion.
The contrast matters because AI infrastructure spending is being judged against real customer demand. A smaller guarantee suggests investors are watching concentration risk and the scale of commitments tied to one partner.
At the same time, Anthropic’s reported revenue growth makes the bubble argument less simple. If some AI providers are converting usage into large and fast-growing revenue, investors may distinguish between speculative infrastructure promises and businesses with clear demand.
The numbers are still reported figures, not audited public filings. The practical takeaway is that capital discipline is arriving in AI infrastructure even as revenue momentum at leading model companies remains strong.