Nvidia Confirms It Will Back 4.25GW of OpenAI Capacity at Ports-Pike Mega Data Center
Nvidia is expected to back only the first phase after investors raised concerns about its risk exposure from large financing commitments.
- On Friday, The Wall Street Journal reported that Nvidia Corp scaled back its planned financial support for an OpenAI data center project in Ohio, reducing its expected guarantee to less than $120 billion from the $250 billion previously discussed.
- The massive 10-gigawatt facility is being developed by SB Energy, a subsidiary of SoftBank Group Corp, to support OpenAI's computing needs while the companies negotiate a binding lease for the Ohio project.
- Nvidia reportedly reduced its guarantee after investors raised concerns about the company's risk exposure tied to large financing commitments, as the chipmaker pursues broader infrastructure financing opportunities.
- On August 10, Nvidia announced partnerships with BlackRock, Blackstone, and Goldman Sachs to launch compute financing platforms aimed at raising more than $500 billion in third-party capital for artificial intelligence infrastructure.
- Separately, a regulatory filing disclosed on Friday revealed Nvidia holds a nearly $21 billion stake in Elon Musk's Space Exploration Technologies Corp and a $30 billion investment in Intel Corp.
31 Articles
31 Articles
Nvidia to provide up to $105 billion guarantee for OpenAI’s Ohio data center
Nvidia has agreed to provide a guarantee of up to $105 billion to help OpenAI lease a sprawling data center in Ohio being developed by SoftBank-owned SB Energy, in one of the chipmaker’s largest infrastructure financing commitments. The Jensen Huang-led firm said on Monday it will also invest $1.5 billion in SB Energy, months after […]
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vintonjacksoncourier.comNVIDIA ponying up $105B for OpenAI, Softbank mega data center in Ohio
Two of the biggest names in artificial intelligence (AI) have signed on to be part of an “AI factory” data center development being built at a former U.S. uranium enrichment site in Ohio.
Nvidia Confirms It Will Back Massive 4.25GW SoftBank Data Center In Ohio For $105 Billion
Nvidia Confirms It Will Back Massive 4.25GW SoftBank Data Center In Ohio For $105 Billion Nvidia has confirmed reports that it is financially backing SoftBank's massive data center at the Portsmouth Site in Pike County, Ohio, with up to $105 billion in financing, a securities filing revealed on Monday. The project, led by SB Energy, is set to be fully leased to OpenAI. The facility could grow to 10GW, making it the world's largest data center, b…
The chip manufacturer Nvidia confirmed yesterday (17) that it will provide a financial guarantee for the OpenAI large-scale data center campus in Ohio (USA), the Ports-Pike Technology Campus. Nvidia should now guarantee less than $120 billion of the investment of the project, below the $250 billion previously planned, reported the The Wall Street Journal on Friday, quoting people familiar with the subject. Exclusive material for subscribers. To …
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