Key facts
- Nvidia is in discussions to provide a $250 billion financing backstop for OpenAI.
- The financing is intended for a large data center project.
- OpenAI would lease a 10-gigawatt facility in southern Ohio.
- SoftBank's energy subsidiary is developing the data center.
Nvidia is reportedly in discussions to provide a substantial $250 billion financing backstop for OpenAI, as part of a significant data center initiative. The Wall Street Journal reported that these guarantees from Nvidia would assist the artificial intelligence company in leasing a 10-gigawatt project. This facility is being developed by SoftBank's energy subsidiary located in southern Ohio. Reuters could not immediately verify the report.