Nvidia Negotiates $250 Billion Guarantee for OpenAI's Ohio Data Centre Project
Nvidia is reportedly in talks to provide a financial guarantee of approximately $250 billion to support the development of an AI data centre project by OpenAI in southern Ohio. The arrangement, if finalized, would be one of the largest financing agreements ever seen in the artificial intelligence sector and could help OpenAI secure favorable lease terms for its 10-gigawatt facility being developed by SoftBank's energy subsidiary. The overall cost of the development is estimated to exceed $500 billion when including Nvidia’s AI chips, which are expected to power the data centre. The guarantee would not cover chip purchases but could facilitate easier access to debt financing for OpenAI due to its non-investment-grade credit profile. Separately, discussions are also underway regarding a potential $350 billion arrangement related to OpenAI's purchase of Nvidia’s AI chips. The first phase is expected to deliver 800 megawatts and be completed by 2028. However, the Wall Street Journal noted that negotiations remain ongoing with no final agreement yet reached.
Topics: AI Data Centers Financing Agreements Nvidia OpenAI