Nvidia Cuts OpenAI Data Center Guarantee From $250 Billion to Under $120 Billion
Nvidia and OpenAI are nearing a deal to finance a large data-center campus in Ohio, but the structure has been revised so Nvidia initially guarantees only about half of the planned multi-hundred-billion-dollar buildout. The guarantee is cut from $250 billion to under $120 billion to address investors’ risk concerns over Nvidia’s balance-sheet support. Shares fell 5% after the discussions were reported.
Coverage (18)
- OpenAI data center deal with Nvidia comes in $145 billion lower than reported—signaling concerns of artificial demand for chips (fortune.com)
- Nvidia Backs 8-GW Ohio AI Campus for OpenAI With $1.5 Billion Investment (finance.yahoo.com)
- OpenAI to lease massive new AI data center in US, backed by Nvidia (finance.yahoo.com)
- Nvidia to finance $105B for an OpenAI data center: What to know (finance.yahoo.com)
- Nvidia inks $105 billion deal for OpenAI data center (finance.yahoo.com)
- Nvidia to back OpenAI data center with upwards of $105 billion (ca.finance.yahoo.com)
- Nvidia provides $105B in financing toward OpenAI’s massive Ohio data center — will be one of biggest in world (nypost.com)
- OpenAI announces massive Ohio data center with Nvidia guarantee (axios.com)
- Nvidia investing $1.5B in SoftBank data center developer behind OpenAI project (techcrunch.com)
- Nvidia Invests $1.5B In SB Energy For OpenAI Data Center, Pushes Back On 'Circular Financing' Concerns (stocktwits.com)
- Nvidia to Invest Up to $105 Billion for OpenAI Data Center (bloomberg.com)
- Nvidia backs financing for OpenAI data center in Ohio (cnbc.com)
- Nvidia to provide up to $105 billion guarantee for OpenAI's Ohio data center (reuters.com)
- Nvidia scales back OpenAI data-center guarantee to less than $120B, WSJ reports (NVDA:NASDAQ) (seekingalpha.com)
- Nvidia eyes investing $3 billion in SoftBank's SB Energy under OpenAI data center deal, Information says (cnbc.com)
- Nvidia scales back $250 billion OpenAI data center guarantee, WSJ reports (finance.yahoo.com)
- Exclusive | Nvidia Downsizes Plans for $250 Billion Guarantee of OpenAI Data Center (wsj.com)
- Nvidia Downsizes Plans for $250 Billion Guarantee of OpenAI Data Center (wsj.com)