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Nvidia in talks with OpenAI to guarantee $250 billion financing for data center, WSJ reports
The proposed guarantee would help OpenAI finance a 10-gigawatt campus and chip purchases as talks continue, the Wall Street Journal reported.
- Nvidia is in talks to provide a $250 billion financial guarantee for OpenAI, according to The Wall Street Journal.
- The backing would support OpenAI in leasing a massive 10-gigawatt data center campus being developed by SoftBank’s energy subsidiary in southern Ohio, with total costs potentially exceeding $500 billion.
- The $250 billion guarantee covers lease obligations and debt financing, while Nvidia is separately discussing an additional $350 billion financing deal to cover the processors needed inside the facility.
- The project aims to give OpenAI control over its own infrastructure, reducing reliance on third-party cloud providers while securing long-term processor demand for Nvidia.
- Power for the complex relies on a U.S.-Japan energy agreement, coordinated by U.S. Commerce Secretary Howard Lutnick, with the first 800-megawatt phase targeted for completion in 2028.
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Nvidia in talks to back $500B OpenAI data center — days after CEO Jensen Huang voiced support for controversial open-source AI used by China
Nvidia is reportedly in talks to provide a $250 billion financing package for a giant OpenAI data center project in Ohio – days after CEO Jensen Huang voiced support for controversial "open source" AI models used increasingly by China.
·New York, United States
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Apple dethroned Nvidia this Monday as the most valuable company in the world after the chip giant fell 5% on Wall Street after it became known that it negotiates an investment of $250 billion (about €220 billion) with OpenAI for a data center project. At 11:40 local time (15.40 GMT), Apple rose by 1.5% and reached $4.98 billion in stock capitalization, while Nvidia dropped by 5%, to $4.76 trillion. It remains to be seen if at the close of the se…
·Madrid, Spain
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Coverage Details
Total News Sources87
Leaning Left11Leaning Right21Center19Last UpdatedBias Distribution41% Right
Bias Distribution
- 41% of the sources lean Right
41% Right
L 22%
C 37%
R 41%
Factuality
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