OpenAI Secures 20-Year Ohio Data Center Lease With NVIDIA Backing
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IN SHORT
OpenAI has secured a 20-year lease for a data center in Ohio, scheduled to begin in 2028. NVIDIA is backing the venture with up to $105 billion, while also planning to invest $1.5 billion in SB Energy. SB Energy will build and operate the facility, which will house NVIDIA's AI compute infrastructure. This deal is part of a broader strategy to finance AI infrastructure.
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Key Numbers
20 yearsOpenAI data center lease duration
2028Ohio data center lease start year
$105 billionNVIDIA backing for OpenAI data center
$1.5 billionNVIDIA investment in SB Energy
Who's Involved
OpenAI
AI firm securing a 20-year data center lease in Ohio
NVIDIA
Technology company backing OpenAI's data center with up to $105 billion
SB Energy
SoftBank subsidiary building and operating the Ohio data center
SoftBank
Parent company of SB Energy
Key facts
OpenAI has secured a 20-year data center lease in Ohio.
The data center lease is scheduled to begin in 2028.
NVIDIA is backing the venture with up to $105 billion.
NVIDIA plans to invest $1.5 billion in SB Energy.
SB Energy will build and operate the Ohio data center infrastructure.
The data center will host NVIDIA AI compute infrastructure.
The deal is part of a larger financing strategy for AI infrastructure.
AI firm OpenAI has finalized a 20-year lease agreement for a data center located in Ohio. The lease is set to commence in 2028. NVIDIA is providing significant financial backing for this initiative, committing up to $105 billion. As part of this arrangement, NVIDIA also plans to invest $1.5 billion in SB Energy, a subsidiary of SoftBank.
SB Energy will be responsible for the construction and operation of the data center infrastructure. This facility will be equipped to host NVIDIA's advanced AI compute infrastructure. The investment by NVIDIA in SB Energy is specifically aimed at securing AI computing capacity within this new Ohio data center. This transaction is described as a component of a larger financing strategy focused on developing AI infrastructure.
The substantial investment and long-term lease underscore the growing demand for specialized data center capacity to support the intensive computational needs of artificial intelligence development and deployment. The collaboration involves multiple key players in the AI and technology sectors, highlighting the interconnectedness of hardware, software, and infrastructure development in advancing AI capabilities.
↳ Why This Matters
AI firm OpenAI has finalized a 20-year lease agreement for a data center located in Ohio. The lease is set to commence in 2028. NVIDIA is providing significant financial backing for this initiative, committing up to $105 billion. As part of this arrangement, NVIDIA also plans to invest $1.5 billion in SB Energy, a subsidiary of SoftBank.
Frequently asked questions
OpenAI has secured a 20-year lease for the data center in Ohio.
NVIDIA's aggregate payment obligation is cumulatively capped at $105 billion for its initial commitment.
SB Energy will build and operate the data center's infrastructure as part of a partnership.
The data center will host NVIDIA AI compute infrastructure, including GPUs, CPUs, and networking.
What Happens Next
01OpenAI will utilize the capacity at the PORTS Technology Campus starting in 2028.
02NVIDIA may exercise its option for additional compute capacity.
03OpenAI's potential IPO could occur by next year.
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