Nvidia is in talks to provide roughly $250 billion in financial guarantees for OpenAI to support a massive data center project, according to The Wall Street Journal. People familiar with the matter said the guarantee would help OpenAI lease a 10-gigawatt data center development in southern Ohio that is being built by SoftBank. The project’s total cost, including chips deployed inside the facilities, could top $500 billion, making it the largest data center project announced so far if completed as outlined. The report said electricity for the project is controlled by the U.S. government and separately funded by Japan under a recent trade agreement, with U.S. Commerce Secretary Lutnick involved in decisions over power allocation. Under the current structure, Nvidia would guarantee a range of financing instruments to give lenders more confidence in the project’s funding security. Terms have not been finalized, and the deal could still fall apart. The proposed $250 billion guarantee would cover debt tied to leasing and construction, but not Nvidia chips included in the broader project.
Nvidia (NVDA.O) is in talks to provide about $250 billion in financial guarantees for OpenAI to support a large data center project, according to The Wall Street Journal. The report said the arrangement could rank among the biggest financial deals tied to the U.S. artificial intelligence boom.
People familiar with the matter said Nvidia’s guarantee would help OpenAI lease a 10-gigawatt data center project in southern Ohio that SoftBank is developing. The project’s total cost, including chips deployed inside the data centers, could exceed $500 billion. If it moves ahead on the terms described, it would be the largest data center project announced to date.
The Wall Street Journal also reported that power for the project is controlled by the U.S. government and separately funded by Japan under a recent trade agreement. U.S. Commerce Secretary Lutnick was involved in decisions on power allocation.
Under the proposed arrangement, Nvidia would guarantee a series of financing instruments designed to strengthen lender confidence in the safety of the project’s funding. Terms have not been finalized, and the deal could still collapse.
The $250 billion guarantee would cover debt needed for data center leasing and construction, but would not include Nvidia chips tied to the project.
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