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Nvidia backs OpenAI's Ohio data center with $1.5B and up to $105B in credit

Nvidia backs OpenAI's Ohio data center with $1.5B and up to $105B in credit

Nvidia is investing $1.5B in SoftBank-backed SB Energy and extending up to $105B in credit for OpenAI's Ports-Pike campus near Cincinnati, becoming sole compute supplier for a site starting at 4.25 gigawatts and scaling to 8. The credit line dwarfs the equity stake by 70x — Nvidia is financing the buildout that will buy its own chips. The campus, on former uranium-enrichment land owned by the Department of Energy, also gets a $33B, 9.2-gigawatt gas plant, priced amid gas-plant construction costs that rose 66% in two years.

Source: techcrunch.com ↗

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Nvidia will be the sole supplier of compute infrastructure at OpenAI's Ports-Pike data center near Cincinnati, Ohio.

Nvidia

Why this matters

  • → Nvidia finances $105B of chips it will sell, vertically integrating AI infrastructure.
  • → Ohio site on former nuclear-weapons land signals reshoring of US AI compute capacity.
  • → Gas-plant costs surge 66% in two years; competing LNG exports may triple regional prices.
Nvidia bankrolls its own market