Nvidia and OpenAI near revised Ohio data-center deal under $120B
Nvidia and OpenAI are nearing a revised arrangement for an Ohio data-center project, with Nvidia guarantees under $120B versus $250B and separate talks to finance up to $350B in OpenAI chip purchases.
NVDA and OpenAI are nearing a revised deal where Nvidia guarantees under $120B for an Ohio data-center project, down from $250B, reducing risk exposure.
The Details: • Project scale: SB Energy is developing the 10-gigawatt site, with Nvidia initially backing a five-gigawatt first phase before deciding on further financing. • Chip financing: Nvidia is discussing a separate deal to finance up to $350B in OpenAI chip purchases across the entire project. • Market reaction: Nvidia shares dropped 5% after initial reports of the $250B backstop, prompting adjustments to ease investor concerns. • Lease terms: OpenAI is discussing a binding 10-gigawatt lease, while project power is U.S.-controlled and funded by Japan.