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Nvidia to invest $1.5 billion in SB Energy under OpenAI data center deal
The deal secures up to 8 gigawatts of AI computing capacity and includes $4.2 billion for Ohio grid infrastructure, officials said.
- On August 17, Nvidia announced a $1.5 billion investment in SoftBank-backed SB Energy, securing up to 8 gigawatts of AI computing capacity at the PORTS-Pike Technology Campus near Piketon, Ohio, for OpenAI.
- To support the buildout, SB Energy and SoftBank plan to build at least 10 gigawatts of new power generation and invest $4.2 billion into Ohio grid infrastructure supporting the data center expansion.
- Nvidia's financing strategy follows a pattern of the chipmaker financing customers using its chips, a practice that has drawn scrutiny over circular capital flows, following a $1 billion injection from OpenAI and SoftBank in January.
- The PORTS-Pike development integrates into the broader Stargate buildout across the American Midwest, with the companies also developing a separate 3.2 gigawatt site in Georgia.
- These projects highlight the immense financial burden required to sustain large-scale AI computing, with analysts noting this financing structure could further lower borrowing costs for SB Energy.
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Nvidia to provide $105bn guarantee for OpenAI data centre
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.
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Beyond Investment to Guarantees: NVIDIA Provides $105 Billion Financial Guarantee to OpenAI. NVIDIA has decided to provide a financial guarantee of up to $105 billion (approximately 149 trillion won) for OpenAI's massive data center construction project. Up until now, NVIDIA has invested in AI companies, and these companies have... NVIDIA G
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Total News Sources74
Leaning Left3Leaning Right16Center20Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
C 51%
R 41%
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