USD.AI has provided a $34 million, three-year debt facility to finance NexGen Cloud's deployment of NVIDIA B200 GPUs in Sweden. The non-recourse facility is secured by the GPUs and their contractual cashflows, keeping it off NexGen Cloud's corporate balance sheet. The financing supports NexGen Cloud, a full-stack AI cloud provider operating through its Hyperstack platform, as it expands European sovereign AI compute capacity. The company plans to deploy 4,500 NVIDIA B300 GPUs in Finland later this year, with additional 56MW capacity following in 2027. USD.AI, which launched in September 2025, has traded over $18 billion in volume through its GPU-backed financing platform. The facility allows NexGen Cloud to scale infrastructure without equity dilution whilst meeting growing enterprise demand for AI compute capacity.

Utilidata and NexGen Cloud have partnered to deploy the Karman AI power control platform across NexGen Cloud's data centres, targeting up to 50% additional usable capacity through intelligent GPU power orchestration. The system unlocks stranded energy within existing grid constraints. Karman runs on a custom NVIDIA module and provides AI-driven power optimisation at rack level, dynamically balancing performance, efficiency and reliability across AI workloads. Initial deployment begins at a Montreal showcase facility before expanding across NexGen Cloud's European operations. The partnership will enable NexGen Cloud's Hyperstack platform to deliver increased AI capacity at lower prices. NexGen Cloud plans AI Factory deployments across North America and the Nordics with capacity reaching hundreds of megawatts, all powered by 100% renewable energy across European and Canadian data centres.

William T. "Toby" Eveland, a prominent Midwest attorney, has joined Cincinnati-based law firm Manley Burke as managing partner of its new Chicago office. Eveland brings over 20 years of legal experience and will lead the firm's expansion in the region. Previously managing partner of Saul Ewing LLP's Chicago office since 2021, Eveland specialises in complex business disputes, higher education and municipal law. His experience spans class-action defence, employment law, real estate finance and shareholder disputes at state and federal levels. Eveland has been recognised on The Best Lawyers in America list for commercial litigation for two years and was named to Crain's Chicago Business Notable Litigators list in 2023. He earned his J.D. from Loyola University Chicago School of Law.