Nvidia is in talks to invest as much as $3 billion in SB Energy, a SoftBank Group subsidiary developing a massive planned Ohio data centre project for OpenAI. The proposed investment is part of Nvidia's talks with OpenAI and SB Energy on providing around $100 billion in credit support for the planned Ohio data centre campus.
Nvidia has discussed investing half of the $3 billion when the Ohio project deal is signed. The other half will be as part of SB Energy's planned initial public offering, according to the Information.
SB Energy is aiming to go public as soon as next month and could raise at least $5 billion in the IPO, the report added. SB Energy, which is also backed by OpenAI, develops large-scale power and data centre infrastructure projects. Founded in 2019, the company is building several data centre campuses to support rising demand tied to AI workloads.
The Wall Street Journal on Friday reported that Nvidia has revised its plans to support a proposed OpenAI data centre project in Ohio and is now expected to initially guarantee less than $120 billion, down from the $250 billion previously discussed.
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