Nvidia to guarantee $250B for OpenAI data center

Nvidia is negotiating to provide a $250 billion financing guarantee to help OpenAI lease a 10-gigawatt data center in southern Ohio operated by SoftBank's energy subsidiary. Prominent investor Michael Burry has criticized the arrangement as a potential circular funding scheme.

12 reportstech · international · other · us_mainstream

Claim audit

No BS check run yet — press ⚖ to extract this story's claims and verify them against independent sources.

All coverage

Nvidia weighs $250 billion guarantee for OpenAI Ohio hub

kite:techother64d ago kagi ↗

Nvidia is in talks to provide a financing backstop of roughly $250 billion for OpenAI as part of a 10-gigawatt data center project in southern Ohio that SoftBank’s energy subsidiary, SB Energy, is developing, The Wall Street Journal reported, citing people familiar with the matter [techmeme.com#1][digitimes.com#1][business-standard.com#1][koreatimes.co.kr#1][brecorder.com#1][perthnow.com.au#1][the

America's biggest investor questions Nvidia's $250bn OpenAI investment plans

rss:toi-topinternational64d ago kagi ↗

Michael Burry criticizes Nvidia's potential $250 billion backstop for OpenAI's Ohio data center project. This massive investment raises concerns about circular funding arrangements and investor risk. The Ohio project involves significant US federal and Japanese investment for power generation. Burry also shared insights on software companies and their AI era positioning. He believes human creativi

“Nvidia is in talks to provide a roughly $250 billion backstop for OpenAI as part of a massive data-center project. The guarantee will help OpenAI lease a 10-gigawatt project that Softbank's energy su

mastodon:mstdn-socialother64d ago kagi ↗

“Nvidia is in talks to provide a roughly $250 billion backstop for OpenAI as part of a massive data-center project. The guarantee will help OpenAI lease a 10-gigawatt project that Softbank's energy subsidiary is developing. Nvidia's backing allows the data center developer to raise debt at more favorable terms. Under the deal, Nvidia would guarantee a series of financing vehicles intended to make

Nvidia weighs $250 billion guarantee for OpenAI data center

kite:businessother64d ago kagi ↗

Nvidia is in talks to provide OpenAI with a financing guarantee of up to about $250 billion to help the ChatGPT maker lease a planned 10-gigawatt data center campus in southern Ohio, according to reports citing people familiar with the discussions [cnbc.com#2][manilatimes.net#1][deccanchronicle.com#1][tribune.com.pk#1][perthnow.com.au#1][nytimes.com#1][taipeitimes.com#1][thenextweb.com#1][tomshard

Nvidia In Talks With OpenAI To Guarantee $250 Billion Financing For Data Center

stream:bsky-jetstreamother63d ago kagi ↗

Nvidia In Talks With OpenAI To Guarantee $250 Billion Financing For Data Center Nvidia is reportedly in discussions to provide approximately $250 billion in financing guarantees for OpenAI. These guarantees are part of a substantial data center project envis… Telegram AI Digest #ai #nvidia #openai Nvidia is reportedly in discussions to provide approximately $250 billion in financing guarantees for

Anthropic Unveils Fable 5.1, Altman Rushes GPT-6 Report

stream:bsky-jetstreamother63d ago kagi ↗

NVIDIA is in talks to provide around $250 billion in financing backing for OpenAI's 10GW data center project in southern Ohio, leased from a SoftBank-backed energy firm. Total investment may exceed $500 billion with chip costs. #NVIDIA #OpenAI open.substack.com/pub/aidisrup... GPT 6 vs Fable 5.1. August launch showdown. ASI race begins.