Nvidia Cuts $130B+ From OpenAI's Ohio 10GW Campus Guarantee: Reports
The chipmaker would back only the project’s first phase as OpenAI keeps negotiating a lease for the full 10-gigawatt build, WSJ said.
- On Friday, The Wall Street Journal reported that Nvidia revised its financial backstop for OpenAI's proposed Ohio data center, now guaranteeing less than $120 billion instead of the $250 billion previously discussed.
- Investors raised concerns about Nvidia's risk exposure tied to large financing commitments, prompting the revision as Nvidia and OpenAI near an agreement on the project's first phase.
- A subsidiary of SoftBank is developing the site, which would become the largest data center project announced to date if completed and requires a 10-gigawatt capacity.
- Despite an $852 billion valuation, OpenAI remains unprofitable, and its ability to fund large-scale commitments remains under scrutiny; a deal could be signed as early as this weekend.
- On Monday, Nvidia partnered with six major financial institutions to launch compute financing platforms aimed at raising over $500 billion in third-party capital for broader AI infrastructure investments.
14 Articles
14 Articles
Nvidia OpenAI backstop halved as 13F reveals its stakes
Anissa Gardizy reported the cut for The Wall Street Journal on 14 August. Under the new proposed terms Nvidia would initially backstop only half of the 10GW project, and it would decide about the rest later. A deal could be signed as soon as this weekend. The Journal says Nvidia made the change to address […] This story continues at The Next Web
Nvidia has reduced its guarantee for OpenAI's Ohio data center construction project from $250 billion to less than $120 billion. Taking into account investors' concerns regarding circular trading, the company has taken steps to manage risk by supporting only half of the total 10GW project, or 5GW.
Nvidia Scales Back on OpenAI Data Center Guarantee
Nvidia has reportedly reduced its financial guarantee for a new OpenAI data center from $250 billion to less than $120 billion. The decision aimed to mitigate investor concerns about potential risks associated with the project. The Wall Street Journal cites sources familiar with the situation.
(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = Nvidia, a leading artificial intelligence (AI) semiconductor company, has decided to provide for OpenAI's massive data center construction project...
The Korea Times
Channel News AsiaNvidia scales back funding guarantee for Ohio OpenAI data center, WSJ reports
Nvidia has revised its plans to support a proposed OpenAI data center project in Ohio and is now expected to initially guarantee less than $120 bil...
Nvidia cuts $130B+ from OpenAI's Ohio 10GW campus guarantee: Reports
Nvidia has reportedly cut its proposed financial guarantee for OpenAI’s massive Ohio data center project to less than $120 billion. The chipmaker had considered a guarantee of about $250 billion in late July. Investor concerns over the financial risks tied to the project have now prompted Nvidia to reconsider the scale of its backing. The change could reshape one of the most ambitious AI infrastructure projects in the US. OpenAI plans to build a…
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