Driving the news: Related Digital, a data center developer and investor, announced last week it secured financing for the $16 billion project that's part of ChatGPT creator OpenAI's work with tech giant Oracle.
Financing includes equity from Related and giant asset manager Blackstone.
Catch up quick: The controversial project started construction last fall. Gov. Gretchen Whitmer has supported it, saying data centers are part of America's future.
But it has seen pushback from some residents over utility use, transparency and environmental concerns.
