Industry

Nvidia in talks to guarantee $250 billion in financing for OpenAI's Ohio data center campus

Nvidia is negotiating a roughly $250 billion financing guarantee to help OpenAI lease a planned 10-gigawatt, $500 billion data center campus that SoftBank's SB Energy is building on a former uranium-enrichment site in Piketon, Ohio, with a separate deal covering up to $350 billion in chip purchases. The arrangement exists because OpenAI, projecting a $14 billion loss in 2026, lacks an investment-grade credit rating, meaning conventional lenders won't finance the project without Nvidia effectively co-signing as guarantor of last resort.

4:41 AM