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Nvidia Commits Up to $105 Billion to Back OpenAI Data Center Campus in Ohio

By Market Flux···1 min read

Nvidia has agreed to provide a financial guarantee of up to $105 billion to support a massive new data center campus in Pike County, Ohio, that will be leased by OpenAI, according to a financial filing disclosed Monday. The arrangement lets OpenAI raise debt against Nvidia's credit, with the complex designed to deliver roughly 8 gigawatts of computing capacity to OpenAI. The first 800 megawatts of capacity is expected to come online by 2028.

The commitment marks a significant scaling back from earlier discussions: Nvidia and OpenAI had previously been in talks for a backstop of up to $250 billion, and a Wall Street Journal report just days before the announcement indicated Nvidia was expected to initially guarantee less than $120 billion. The deal underscores the deepening financial and strategic ties between the two companies at the center of the AI infrastructure buildout.

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Sources

  1. Wallstengine$NVDA BACKS OPENAI’S OHIO AI CAMPUS Nvidia will invest $1.5B in SB Energy and support an initial 4.25 GW of AI infrastructure for OpenAI at the PORTS-Pike campus in Ohio, with an option to expand to the full 8 GW. SB Energy will build and operate the site under a 20-year OpenAI
  2. barrons.comNvidia Rows Back on $250 Billion OpenAI Pledge and the Stock Rises
  3. wsj.comOpenAI Locks In Lease for Huge Data Center in Ohio With Backing From Nvidia
  4. DeItaone$NVDA - NVIDIA TO INVEST $100BN FOR OPENAI DATA CENTRE IN OHIO - FT
  5. FirstSquawkNVIDIA TO INVEST $100BN FOR OPENAI DATA CENTRE IN OHIO - FT
  6. CnbcNvidia backs financing for OpenAI data center in Ohio
  7. CoinGapeMediaOpenAI Secures 20-Year Ohio Lease @OpenAI will lease an Ohio data center for 20 years starting in 2028, with @NVIDIA backing up to $105B of the agreement. The facility will host #NVIDIA AI infrastructure as demand for compute continues to grow. Know more in comments
  8. Yahoo FinanceNvidia Could Become the ‘Federal Reserve Of AI,’ Gavin Baker Says: Will ‘Dark GPUs’ Become Its First Test?
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  1. MarketwatchApple’s stock could rise 30% if it strikes an Nvidia deal for AI, this analyst says
  2. BusinessNvidia 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