The chip becomes a toll road — 11 August 2026

The chip becomes a toll road: Nvidia and six major managers sign MoUs intended to mobilize over $500bn for AI compute — with a reported option for Nvidia to backstop up to $125bn, form undisclosed; GIC and Macquarie take the equity in Anthropic’s Theseus platform; the SEC lightens the securitization treatment of qualifying data-centre debt; Ontario Teachers’ posts a broad-based 9.5% half; the Rhine at Kaub hits 15cm with sailings stopped; 71% of England is in drought; Hormuz, severely disrupted since late February, shows six visible transits; and Colombia declares a national disaster. Read the full brief: universalassetowners.com