2025: capital
Selekoa’s 30 capital records dated 2025, in date order, of 772 in all topics.
Selective: what the records hold, not a history of the year.
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Capital 30 records
January 2025
· publication · dated to the day · plan
Brad Smith wrote on 3 January 2025 that Microsoft was on track to invest approximately $80 billion in FY 2025 to build out AI-enabled datacenters, more than half of it in the United States. Evidence ↗· announcement · dated to the day · announced
OpenAI was named as an initial equity funder of Stargate. Evidence ↗· announcement · dated to the day · announced
Oracle was named as an initial equity funder of Stargate. Evidence ↗· announcement · dated to the day · announced
SoftBank was named as an initial equity funder of Stargate. Evidence ↗· announcement · dated to the day · plan
Stargate was announced with a plan to spend $500 billion on US AI infrastructure over four years. Evidence ↗
February 2025
· announcement · dated to the day · plan
Alibaba announced plans to spend at least RMB 380 billion on AI and cloud infrastructure over three years. Evidence ↗
March 2025
· announcement · dated to the day · plan
A White House release of 3 March 2025 stated that President Trump and TSMC CEO C.C. Wei announced a $100 billion investment by TSMC in its Arizona chip manufacturing operation, quoting President Trump that it would go into five fabrication facilities and bring TSMC’s investment to about $165 billion, and quoting Wei that TSMC would produce chips to support AI’s progress. Evidence ↗· event · dated to the day · contract
Zhipu’s prospectus records a March 2025 agreement for a RMB 400 million convertible loan from the named Zhuhai fund. Evidence ↗
April 2025
June 2025
August 2025
· signature · dated to the day · contract
Intel’s Form 8-K for 22 August 2025 states that the warrants issued to the Department of Commerce are exercisable only if Intel ceases to own at least 51% of its foundry business, expire on the fifth anniversary of closing and carry an exercise price of $20.00 per share. Evidence ↗· signature · dated to the day · contract
Intel reported in a Form 8-K that on 22 August 2025 it entered into a Warrant and Common Stock Agreement with the U.S. Department of Commerce under which the US Government agreed to make $8,869,800,000 of disbursements and Intel agreed to issue up to 433,323,000 shares of common stock and warrants. Evidence ↗· announcement · dated to the day · announced
Intel’s release of 22 August 2025 announced that the US government would make an $8.9 billion investment in Intel common stock, purchasing 433.3 million shares at $20.47 per share (stated as equivalent to a 9.9 percent stake), funded by $5.7 billion of unpaid CHIPS Act grants and $3.2 billion awarded under the Secure Enclave program; the release quotes Commerce Secretary Lutnick saying the administration “remains committed to reinforcing our country’s dominance in artificial intelligence”. Evidence ↗· announcement · dated to the day · closed
Intel reported in a Form 8-K that the closing under the agreement occurred on 27 August 2025, when Intel received $5.695 billion of accelerated CHIPS disbursements and issued 274,583,000 shares and a warrant to the Department of Commerce, with 158,740,000 further shares issued into escrow pending Secure Enclave disbursements. Evidence ↗
September 2025
· announcement · dated to the day · announced
NVIDIA and Intel announced on 18 September 2025, in a joint release, that NVIDIA will invest $5 billion in Intel’s common stock at a purchase price of $23.28 per share, subject to customary closing conditions including regulatory approvals. Evidence ↗· announcement · dated to the day · letter of intent
The joint OpenAI–NVIDIA release of 22 September 2025 stated that NVIDIA intended to invest up to $100 billion in OpenAI progressively as each gigawatt of NVIDIA systems is deployed. Evidence ↗
October 2025
· announcement · dated to the day · announced
The joint AMD–OpenAI release of 6 October 2025 stated that AMD had issued OpenAI a warrant for up to 160 million shares of AMD common stock, vesting as milestones are achieved: the first tranche with the initial 1 gigawatt deployment, further tranches as purchases scale up to 6 gigawatts, and vesting further tied to AMD share-price targets and to OpenAI technical and commercial milestones. Evidence ↗· announcement · dated to the day · plan
Google announced on 14 October 2025 an investment of approximately $15 billion over five years (2026–2030) to establish its first AI hub in India, in Visakhapatnam, Andhra Pradesh. Evidence ↗· announcement · dated to the day · plan
Vantage's release described its own "$15B+ investment" in Port Washington. Evidence ↗
November 2025
· announcement · dated to the day · plan
Anthropic announced on 12 November 2025 a $50 billion investment in American computing infrastructure, building data centers with Fluidstack in Texas and New York, with sites coming online throughout 2026. Evidence ↗· announcement · dated to the day · plan
Google announced on 14 November 2025 a $40 billion investment in Texas through 2027 to build cloud and AI infrastructure, including new data center campuses in Armstrong and Haskell Counties. Evidence ↗· announcement · dated to the day · commitment
The joint announcement of 18 November 2025 stated that Microsoft was committing to invest up to $5 billion in Anthropic. Evidence ↗· announcement · dated to the day · commitment
The joint announcement of 18 November 2025 stated that NVIDIA was committing to invest up to $10 billion in Anthropic. Evidence ↗· announcement · dated to the day · plan
Amazon announced on 24 November 2025 an investment of up to $50 billion to expand AI and supercomputing capabilities for AWS US government customers, set to break ground in 2026. Evidence ↗
December 2025
· snapshot · dated to the day · invested
MiniMax’s prospectus names Alisoft China Holding Limited, which it describes as an indirect wholly-owned subsidiary of Alibaba Group, among its key Pre-IPO Investors, holding approximately 15.04% at the date of the listing application. Evidence ↗· snapshot · dated to the day · invested
MiniMax’s prospectus lists Miheng Holdings Limited among its other key Pre-IPO Investors and states that the general partner of the partnership controlling it is controlled by Hillhouse Capital. Evidence ↗· snapshot · dated to the day · invested
MiniMax’s prospectus lists HSG Growth VII Holdco E, Ltd. and Himalia Holding Limited, whose sole shareholders it names as HongShan Capital Growth Funds VII and VI, among its other key Pre-IPO Investors. Evidence ↗· snapshot · dated to the day · invested
MiniMax’s prospectus names Cosmic Station Limited and Seasonal Charm Limited, subsidiaries of IDG China funds managed by IDG Capital Fund Management Ltd., among its key Pre-IPO Investors. Evidence ↗· snapshot · dated to the day · invested
MiniMax’s prospectus names miHoYo Limited and Shanghai Mihoyo Argo Technology Co., Ltd among its key Pre-IPO Investors, states that their initial investment in the company was made in 2021, and that they fully settled their investment on 3 September 2024. Evidence ↗· snapshot · dated to the day · invested
MiniMax’s prospectus names Image Frame Investment (HK) Limited, which it describes as a wholly owned subsidiary of Tencent Holdings Limited, among its key Pre-IPO Investors, holding approximately 2.84% at the date of the listing application. Evidence ↗