Nvidia to back OpenAI data center buildout: Source

Summary

Kate Rooney reports on OpenAI's talks with Nvidia for a $250 billion loan guarantee to build a 10 GW data center in Ohio, the largest in the US. SoftBank is involved as a developer and backer, and the deal reflects a broader trend of tech companies using their balance sheets to help AI labs secure financing. Government involvement and market skepticism about debt-fueled AI infrastructure are also noted.

• OpenAI and Nvidia in talks over $250B data center loan guarantee
• Ohio 10 GW site would be the largest in the US
• Trend of tech companies (e.g., Nvidia) backing AI lab loans with their balance sheets
• SoftBank acts as developer and holds a financial stake in the project
• US Department of Energy land and Commerce Secretary involvement
• Sam Altman in DC to preview new models and discuss AI productivity with policymakers
• Market skepticism around AI data center debt and large capital commitments
• Anthropic and Microsoft previously bid on the Ohio site; Anthropic alone held out on open-source letter