(Aug 15): Nvidia is in talks to invest as much as US$3 billion in SB Energy, a SoftBank Group subsidiary developing a massive planned Ohio data centre project for OpenAI, the Information reported on Saturday, citing people familiar with the discussions.
Here are some details:
- The proposed investment is part of Nvidia's talks with OpenAI and SB Energy on providing around US$100 billion in credit support for the planned Ohio data centre campus, the report said.
- Nvidia has discussed investing half of the US$3 billion when the Ohio project deal is signed and the other half as part of SB Energy's planned initial public offering (IPO), according to the Information.
- Reuters could not immediately verify the report. Nvidia and SB Energy did not immediately respond to requests for comment outside regular business hours.
- SB Energy is aiming to go public as soon as next month and could raise at least US$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 US$120 billion, down from the US$250 billion previously discussed.
Uploaded by Liza Shireen Koshy
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