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

The agreement with SoftBank’s SB Energy caps weeks of negotiations over the largest data-center project announced to date.

SAN FRANCISCO – ChatGPT-maker OpenAI will lease a massive new data centre in the United States for 20 years, backed by a US$105 billion (S$134.13 billion) financing commitment from Nvidia, according to a regulatory filing published on Aug 17.The project will be built on the site of a former Cold War-era uranium enrichm

Nvidia reached a deal on Monday to provide up to $105 billion to backstop a new OpenAI data center in Ohio, as Big Tech ramped up its debt-fueled AI splurge.

OpenAI has inked a 20-year deal for the site, which will ultimately provide about eight gigawatts of computing capacity that will help support products like ChatGPT. In energy terms, a single gigawatt can power approximately 750,000 homes.

Artificial intelligence firm OpenAI and semiconductor-chip manufacturer Nvidia are banding together to support a large-scale data center in Ohio that is planned to provide at least 8 gigawatts, or 8 billion watts, of electrical power. OpenAI entered into a 20-year lease agreement with SB Energy and SoftBank Group on Mo

The data center, one of the world’s largest, could cost as much as $500 billion and will be leased by OpenAI.

A staff opinion from the SEC exempts some data center debt from Dodd-Frank risk retention rules, making AI infrastructure financing more attractive to sponsors

Nvidia has agreed to ⁠guarantee as much as US$105 billion ⁠in lease payments to help ⁠OpenAI secure a sprawling data centre in Ohio being developed by SoftBank-backed SB Energy, in one of the chipmaker’s largest infrastructure financing commitments. The chip giant will also invest US$1.5 billion in SB Energy and secure

Nvidia announced that it will finance an OpenAI data center in Ohio for up to $105 billion with the site to be operational beginning in 2028.

The Bank of Ghana (BoG) has identified an estimated US$4.8 billion annual financing gap facing small and medium-sized enterprises (SMEs), warning that the country’s sophisticated digital payment infrastructure has not yet translated into equally accessible credit for businesses. Second Deputy Governor of the Bank of Gh

Recent SEC instructions on data center bonds appear applicable to the recent Nvidia financing move, lawyers say.

Nvidia's investment in SoftBank's data center developer will guarantee its chips power an OpenAI data center.

TNB Tech Minute: OpenAI Leases Ohio Data Center - Tech News Briefing - WSJ Podcasts  WSJ

Nvidia to provide up to $105 billion guarantee for OpenAI's Ohio data center  Reuters

Chipmaker also invests $1.5bn into SB Energy, an energy company founded as part of SoftBank Group

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.

Nvidia AI Financing Is The $500 Billion Risk Investors Aren’t Watching  Forbes

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