Key facts
- Nvidia is in talks with financial groups like Apollo Global and Blackstone to help fund a $500 billion AI infrastructure package.
- The financing could be used for a 10-gigawatt data center project in Ohio, potentially leased by OpenAI.
- Nvidia may provide a guarantee of up to $250 billion to OpenAI for the data center lease.
- Separate discussions are underway for OpenAI to purchase up to $350 billion in Nvidia chips.
- The Ohio data center project is being developed by SoftBank's energy subsidiary SBEnergy.
Nvidia and a group of financial firms, including Apollo Global and Blackstone, are reportedly in discussions to assemble a $500 billion financing package aimed at developing AI infrastructure. The Financial Times reported that this funding could be used for a massive 10-gigawatt data center project planned for southern Ohio, potentially leased by OpenAI.
According to reports, Nvidia might provide a financing guarantee of up to $250 billion to OpenAI to help secure the lease for the proposed site. In parallel, separate negotiations are underway for OpenAI to purchase Nvidia chips valued at up to $350 billion. The Ohio data center, developed by SoftBank's energy subsidiary SBEnergy, is envisioned to be one of the world's largest by power capacity, capable of powering approximately 8.4 million homes.
Commerce Secretary Howard Lutnick is also reportedly involved in discussions concerning which companies will gain access to power at the site, with Anthropic, Microsoft, and Google also expressing interest. This development underscores the significant capital investment required for AI infrastructure buildouts and highlights the increasingly circular financing models within the AI boom.