> ## Content Index > Fetch the complete content index at: https://bytevyte.com/llms.txt > Use this file to discover other available public pages before exploring further. # The Evening Update: Nebius Closes $3.5B Short-Term Citi Loan as Neocloud Debt Tightens - URL: https://bytevyte.com/ai-data-center-evening-update-2026-10-26/ - Published: 2026-10-26T21:46:00.000Z - Updated: 2026-10-26T21:46:00.000Z - Description: The Evening Update covers Nebius's $3.5B Citi loan, Blackstone's $185B data center valuation and a Paraguay AI data center plan. - Author: Bytevyte Editorial - Tags: daily-brief, ai-beats The Evening Update for 26 October 2026 covers a planned **AI data center** in Paraguay, a $3.5 billion bridge loan for Nebius, and a $185 billion data center valuation at Blackstone. The edition also includes drone, robotaxi and automation news from the past day. ## From our newsroom ### Tata Communications plans $450M AI fibre network in India Tata Communications has disclosed in a stock exchange filing that it will spend about $450 million, or roughly Rs 4,350 crore, on a 10,000 km fibre network linking India's data-centre hubs. The build runs over seven fiscal years and is funded from operating cash flow rather than borrowing. The first corridor connects Mumbai, Pune, Hyderabad and Chennai, and planned capacity rises from 1.25 Pbps to 6 Pbps. [Read our full report on the Tata Communications fibre plan](https://bytevyte.com/tata-communications-plans-450m-ai-fibre-network-across-india-funded-from-cash-flow/). ## Also in the news ### Crusoe and Araico plan an AI data center beside Itaipú Crusoe and Araico plan to build an AI cloud next to the Itaipú hydroelectric dam in Paraguay, with a first deployment targeted for mid-2027, according to the companies' October 22 release. The release puts planned IT capacity at 106 MW, with long-term expansion of about 280 MW, and describes the power as 100% renewable. The initial phase size is undisclosed, and the state utility ANDE's commitment of up to 286 MW at Yguazú, made with Kuntur, ramps on a different schedule: 6 MW from 1 December 2026, 146 MW from April 2028 and the full amount from April 2029\. The sources do not address noise, emissions or cooling water for the site, which are the costs that matter most to nearby residents and the environment. ### Nebius closes $3.5B Citi facility as neocloud debt tightens Nebius has closed a $3.5 billion senior secured facility with Citi to fund data center development and GPU purchases, as stated in its newsroom announcement of 22 October. The 364-day term at Term SOFR plus 2.75%, capped at 3.50%, makes the loan a bridge to longer funding, so Nebius must extend, refinance or replace it within about twelve months. Nebius shares fell as much as 6.8% on the announcement day, and the company cites more than $40 billion in long-term commitments from investment-grade customers. ### Blackstone's data center platform reaches $185B as distributable earnings fall Startup Fortune's analysis reports that Blackstone now carries its data center platform at $185 billion, including projects under construction, up from $130 billion at the start of 2026\. In the quarter reported on October 22, distributable earnings fell 9.2% to $1.72 billion, or $1.32 per share, which the firm attributed to higher rates and inflation. Assets under management reached $1.35 trillion, up 11% year on year. Because these valuations are internal markups, they produce no cash until the assets are leased, financed or sold. ### Musk says SpaceX closed $40B GPU debt and warns of neocloud failures Elon Musk said on X that SpaceX has completed $40 billion in debt financing to buy AI chips, and that more than 200 neocloud providers could fail or consolidate as credit tightens. Yahoo Finance's coverage notes that the financing is expected to fund GPU deliveries in the first and second quarters of 2027\. Pricing was still under negotiation, and the borrowing reportedly sits in an off-balance-sheet vehicle. The 200-plus figure is Musk's own assessment, and the reporting contains no lender, rating agency or regulator confirmation of a sector-wide shutoff. ### Massachusetts lawmakers seek drone delivery pause Sixteen central Massachusetts lawmakers have asked Governor Maura Healey to form a task force and pause indefinitely the review of commercial drone delivery applications. DroneLife reports that the Massachusetts Department of Transportation told Amazon in an October 22 letter that its planned Westborough Prime Air site needs a state certificate under MGL Chapter 90, Section 39B. Amazon's FAA Part 135 certification does not exempt the flights, and a suitability, safety and environmental review must be completed first. ### FCC to vote on 800 MHz spectrum for commercial drones The Federal Communications Commission is scheduled to vote on October 29 on an order that would open 50 MHz of licensed 800 MHz cellular spectrum to commercial drones and end a ban in place since 1991\. Drone Intelligence's analysis explains that drones would operate on existing AT&T, Verizon and T-Mobile licenses using 3GPP Release 15 drone modes. The spectrum grant alone does not permit flight beyond the operator's line of sight, which still requires separate FAA approval. ### Nucleus Robotics plans up to 100 humanoid robots Nucleus Robotics, founded in 2026 in Gütersloh, plans to field up to 100 humanoid robots for intralogistics, sourcing them through igus's RBTX marketplace. Technische Logistik reports that the targeted tasks include order picking, internal goods transport, shelf restocking and supplying e-commerce packing stations. As of October 2026 the effort is still in planning and procurement, and RBTX lists 95 models from 35 manufacturers, so warranty and service terms will depend on the model each buyer selects. ### Amazon renames Kindle Unlimited to Kindle+ and adds AI-narrated audiobooks Amazon has renamed Kindle Unlimited to Kindle+ in the US, adding thousands of audiobooks at the unchanged price of $11.99 per month, effective October 22\. Thurrott reports that the added catalogue includes AI-narrated titles built with Amazon's Virtual Voice tool, while Royalty Share narrators are excluded for now. The 20-title borrowing limit and the separation from Amazon Prime carry over. ### Charger Logistics signs MOU for up to 500 Aurora driverless trucks Charger Logistics has signed a non-binding memorandum of understanding with Aurora Innovation to buy up to 500 driverless trucks, with deliveries slated for 2027 and 2028\. Aurora's investor release describes a split in which Charger owns the trucks and subscribes to Aurora's Driver as a Service software. The deal builds on a July contract and on autonomous operations already running on the Laredo corridor. ### NHTSA demands sworn answers from Tesla on Cybercab by October 30 Startup Fortune reports that NHTSA has ordered Tesla to answer 21 sworn questions by October 30 about how the Cybercab, a vehicle with no steering wheel, pedals or mirrors, was certified against federal safety standards. The Special Order, issued September 10 as inquiry AQ26002, pushed Tesla's original September 30 deadline back by 30 days, short of the eight weeks the company requested. Incomplete or untruthful answers carry potential civil penalties of up to $139 million. ## Related Articles - [Nvidia Nebius Investment: 9.3% Stake in Neocloud Platform Signals Strategic Shift](https://bytevyte.com/nvidia-nebius-investment-9-3-stake-in-neocloud-platform-signals-strategic-shift/) - [The Daily Brief: Nvidia's $164.5B Neocloud Guarantees Move AI Data Centers Risk Onto Its Books](https://bytevyte.com/daily-brief-ai-data-centers-2026-10-23/) - [The Evening Update: AI Data Center Projects Stall as Lenders Pull Back](https://bytevyte.com/ai-data-center-delays-2026-10-23/) ✔Human Verified --- *Researched and cross-referenced against primary sources by the Bytevyte editorial team. This article was generated with the assistance of artificial intelligence and reviewed by the Bytevyte editorial team.*