Nvidia in talks with OpenAI to guarantee $250 billion financing for data center
According to the Wall Street Journal, the plan would finance a 10GW data-center project in Ohio with power controlled by the U.S. government, potentially creating one of the largest AI computing hubs in the United States.
At a glance
- $250 billion financing backstop for a data-center project
- 10GW data center in Ohio being developed by SoftBank
- Power for the site reportedly controlled by the U.S. government
- Exclusive WSJ reporting on ongoing negotiations (no financing agreement yet)
The story
The Wall Street Journal reports that Nvidia is in discussions with OpenAI to guarantee $250 billion in financing for a data-center project. The talks are described as exclusive and are still ongoing, with no binding agreement announced at this time.
The project is said to be a 10 gigawatt data-center development in Ohio, developed by SoftBank. The scale would place it among the largest AI computing hubs proposed in the United States.
According to the report, the plan would involve power for the facility that is controlled by the U.S. government, a detail highlighted by WSJ in describing the arrangement.
The Journal notes that these discussions are in a formative stage with no financing guarantee yet, but the reports underscore the potential shift in how large-scale AI compute infrastructure could be financed and located in the United States.
If realized, the backstop could underpin a major compute hub and influence the allocation of capex and policy considerations around AI infrastructure.