Upcoming election: On Oct. 11, East Baton Rouge voters will decide whether to renew a 10-mill property tax for the Downtown Development District. Set for 2027–2031, the tax would raise about $740,000 annually for the organization tasked with envisioning, cultivating, advocating and promoting the growth of downtown Baton Rouge. Read more about the tax from WBRZ-TV. 

Going public: Flood insurance company Neptune Insurance is seeking a valuation of up to $2.76 billion in its U.S. IPO, with existing shareholders aiming to raise $368.4 million by selling 18.4 million shares at $18 to $20 each. Founded in 2018, the Florida-based flood insurer competes with the National Flood Insurance Program as climate-driven storm risk fuels demand. Read more from Reuters. 

Investing in the future: Nvidia will invest $100 billion in OpenAI to build at least 10 gigawatts of AI data centers, with the first gigawatt set for deployment in late 2026. The deal, complementing collaborations with Microsoft and others, follows OpenAI’s tentative $100 billion equity agreement granting Microsoft a major stake in its for-profit arm. Read more from the Associated Press. 

Editor’s note: This story has been updated since original publication to correct the DDD’s mission. Daily Report regrets the error.