Nvidia in talks with OpenAI to guarantee $250 billion financing for data centre: Report
Nvidia is reportedly in discussions to provide $250 billion in financing to support a massive 10-gigawatt data center project for OpenAI. The project, which involves energy infrastructure in Ohio, has also attracted interest from other major tech firms including Microsoft, Google, and Anthropic.
Why it matters
This deal highlights the extreme capital intensity and energy requirements of the current AI infrastructure race, signaling a shift toward massive, utility-scale investments.
Nvidia is in talks to provide a roughly $250 billion financing for OpenAI as part of a massive data centre project, The Wall Street Journal reported on Sunday. The guarantees from Nvidia would help the ChatGPT maker lease a 10-gigawatt project that SoftBank’s energy subsidiary is developing in southern Ohio, the newspaper said, citing people familiar with the matter.
The power for the project is controlled by the U.S. government and funded separately by Japan under a recent trade deal, with U.S. Commerce Secretary Howard Lutnick involved in deciding who will receive access to it, the report added.
Reuters could not immediately verify the report. Nvidia, OpenAI and U.S. Commerce Department did not respond to requests for comment outside regular business hours.
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