Nvidia is slashing its financial backstop for OpenAI's Ohio data center to under $120 billion

The chipmaker revised its plan after investors raised concerns about its risk exposure tied to large financing commitments

Technology giants are shelling out billions to scale capacity to meet massive data center demand.

Nvidia to invest $1.5 billion in SB Energy under OpenAI data center deal  Reuters

OpenAI Locks In Lease for Huge Data Center in Ohio With Backing From Nvidia  WSJ

Read a summary of this article on FAST. Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST Aug 17 : Nvidia said on Monday it would invest $1.5 billion in SB Energy, a SoftBank Group subsidiary that is developing a massive data center in Ohio for Ope

Two firms are cooperating with the city and prefecture to make the center a hub to attract AI-related businesses and human resources.

Blue-collar trades are booming, with tech giants like Nvidia’s Jensen Huang predicting six-figure jobs building data centers.

Paraguay's government has proposed a new Ministry of Mines and Energy, plus an electricity regulator, to help attract a projected US$11 billion in energy-sector investment.

Vantage Data Centers, a major hyperscale developer and operator, is exploring options including an IPO or sale as soon as next year, according to people familiar with the matter, as AI-driven demand lifts data center valuations and fuels dealmaking.