Key facts
- Nvidia has reportedly reduced its financial guarantee for an OpenAI data center from $250 billion to less than $120 billion.
- The reduction aims to address investor concerns about the project's risks.
- Nvidia is reportedly in talks to invest up to $3 billion in SB Energy, a subsidiary of SoftBank Group.
- SB Energy is developing a large data center project in Ohio for OpenAI.
- Reuters could not immediately verify the report regarding the SB Energy investment.
Nvidia has reportedly scaled back its planned $250 billion financial guarantee for an OpenAI data center to under $120 billion, according to The Wall Street Journal. This reduction is intended to alleviate investor concerns regarding the significant risks associated with the ambitious project. Additionally, Nvidia is reportedly in discussions to invest as much as $3 billion in SB Energy, a SoftBank Group subsidiary developing a large data center campus in Ohio for OpenAI. Reuters stated it could not immediately verify the report on the SB Energy investment.