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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.
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26 Articles
26 Articles
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 …
·Rio de Janeiro, Brazil
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·Arlington, United States
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Nvidia to Invest Up to $105 Billion for OpenAI Data Center in Ohio
Nvidia Corp. has agreed to spend as much as $105 billion to support a massive new data center campus in Ohio set to be leased by OpenAI, according to a financial filing, marking the latest tie-up between two dominant forces driving the AI boom.
·New York, United States
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Coverage Details
Total News Sources26
Leaning Left5Leaning Right5Center3Last UpdatedBias Distribution39% Left, 38% Right
Bias Distribution
- 39% of the sources lean Left, 38% of the sources lean Right
39% Left
L 39%
C 23%
R 38%
Factuality
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