Nvidia trims OpenAI Ohio data-center backstop as deal nears
TL;DR Summary
Reuters reports Nvidia is reducing its financial backstop for OpenAI’s proposed Ohio data center to less than $120 billion for the first phase (down from the previously discussed $250 billion), as Nvidia and OpenAI move toward a deal. The full 10 GW project and binding lease are still under discussion, with investors’ concerns over large AI-infrastructure commitments cited as a factor.
- Nvidia scales back funding guarantee for Ohio OpenAI data center, WSJ reports Yahoo Finance
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- Nvidia Close to Deal to Guarantee About $100 Billion in Credit for OpenAI The Information
- Nvidia cuts $130B+ from OpenAI’s 10GW Ohio campus backing amid risk concerns: Reports Interesting Engineering
- Nvidia OpenAI backstop halved as 13F reveals its stakes thenextweb.com
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