NVIDIA Cuts Financial Backing for OpenAI 10GW Ohio Data Center to Under $12B Amid Investor Pushback.
NVIDIA Reduces Financial Guarantee for OpenAI’s Ohio Data Center Project to Under $12 Billion According to a report from The Wall Street Journal , NVIDIA has significantly scaled back its financial guarantees for OpenAI’s massive data center expansion in Ohio. The commitment has been reduced from an initial $250 billion to under $12 billion following growing pushback from investors concerned about the chipmaker's exposure to massive balance sheet liabilities. The adjustment comes as OpenAI remains in active negotiations to secure a legally binding lease for the 10-gigawatt (GW) facility. Sources familiar with the matter indicate that NVIDIA and OpenAI are nearing a finalized agreement that limits NVIDIA's direct financial backing exclusively to the project's first phase. The formal agreement could be signed as early as this weekend, with final terms expected to be locked in by August 17 . The site is being developed by SB Energy , a subsidiary of SoftBank Corp. Once full...