Nvidia is in talks to provide a $250 billion financial backstop for OpenAI's new data center project in southern Ohio.
Nvidia is currently in discussions to provide a $250 billion financial backstop for OpenAI's massive data center project in southern Ohio. The project, which is being developed by SoftBank's energy subsidiary, is expected to cost over $500 billion and will feature a 10-gigawatt AI data center campus. The reported guarantee will support construction financing and lease obligations, helping OpenAI secure more attractive financing despite not holding an investment-grade credit rating. Additionally, Nvidia is discussing a package that could total another $350 billion to finance OpenAI's purchase of Nvidia chips for the campus. The first phase of the project is expected to begin operating in 2028. While some critics, including Michael Burry, have questioned the interconnected financing relationships within the AI ecosystem, analysts suggest the arrangement reinforces confidence in strong AI infrastructure demand. Investors will now look to upcoming earnings from Microsoft, Amazon, and Meta Platforms to determine if high-end AI computing remains supply-constrained.