Ohio

Policy Regula

2026-09-28 16:55:33

Crypto-backed PAC reports $11.4 million ad buy backing Jon Husted in Ohio Senate race

Defend American Jobs, a political action committee aligned with and largely funded by the crypto industry, disclosed in a filing with the U.S. Federal Election Commission that it has spent $11.4 million on media advertising to support Republican Jon Husted and oppose Democrat Sherrod Brown in the race for an Ohio U.S. Senate seat. The PAC is affiliated with Fairshake, the political network backed by Coinbase and Ripple Labs. The ad campaign forms part of Fairshake’s earlier pledge to put an initial $30 million toward efforts aimed at blocking Brown’s return to the Senate. Brown, a former chair of the Senate Banking Committee, has been one of Congress’ more critical voices on crypto legislation and policy. In the 2024 Ohio Senate election, Brown’s contest with Republican Bernie Moreno drew more than $300 million in spending from outside groups including Fairshake. Crypto-related PACs and their affiliates spent about $41 million opposing Brown and supporting Moreno, who ultimately won with 50.2% of the vote. Husted now holds the seat by appointment from Ohio Governor Mike DeWine, replacing JD Vance, who was elected U.S. vice president in 2024.

280

Kalshi

2026-09-26 23:34:16

Kalshi wins appeals court ruling to keep event contracts running in two states

Prediction market platform Kalshi has secured a key ruling from the U.S. Court of Appeals for the Sixth Circuit, allowing it to continue offering event contracts in Ohio and Tennessee, according to Cointelegraph. The dispute centered on whether those contracts could remain available as Kalshi faced challenges from relevant state regulators. The court’s decision lets the company keep operating the products in both states while the broader regulatory fight over event contracts continues to draw attention. The report did not add further details beyond the court’s ruling and the states involved, but the decision marks an important legal win for Kalshi in its dispute with state authorities over the availability of these contracts.

230

Policy Regula

2026-09-09 09:01:21

More than 10 U.S. states pull back data center tax breaks as Ohio’s cost estimate jumps

More than 10 U.S. states are pausing, cutting, or reexamining tax incentives tied to data centers as the AI buildout drives costs far beyond earlier projections. For years, states used tax breaks to lure projects from major tech companies including Amazon, Meta, and Google. That strategy is now under heavier scrutiny as the scale of AI-related infrastructure expands. Ohio stands out most sharply. The state’s sales tax exemption for data centers is expected to reduce tax revenue by about $1.6 billion in 2025, compared with an earlier estimate of $136 million, or roughly 11 times higher. Governor Mike DeWine has already paused approval of new applications for data center tax exemptions. Even so, some previously negotiated incentives for companies such as Amazon, Meta, and Google can continue for decades, and state lawmakers are pushing to renegotiate those terms or impose new taxes. Other states are making changes as well. New Jersey has cut $250 million in planned but not yet issued tax credits for AI and data centers. Virginia has kept its sales tax exemption on equipment, but since July this year it has started charging certain data centers an electricity consumption tax of $0.011 per kilowatt-hour.

1140

Nvidia

2026-09-01 10:18:52

Nvidia to Invest $1.5 Billion in SB Energy for Ohio AI Campus

Nvidia will invest $1.5 billion in SB Energy as part of a deal to build a large AI campus in Ohio. The investment marks a significant shift in AI infrastructure and is expected to drive regional economic and technological growth, according to Crypto Briefing.

860

Nvidia

2026-08-18 11:18:10

Nvidia, OpenAI and SoftBank plan 8 GW AI campus on former Ohio nuclear site

Nvidia, OpenAI and SoftBank are planning to turn a long-abandoned uranium enrichment site in Ohio into what the source article describes as the world’s largest AI supercomputing factory. The project’s long-term power target is 8 gigawatts, a scale the article compares with nearly two-thirds of the combined power infrastructure used by 82 of the largest dedicated AI data centers tracked by Epoch AI. According to the article cited by MarsBit, Nvidia will invest $1.5 billion into a SoftBank-affiliated company and provide a 20-year credit backstop. OpenAI has signed a 20-year lease and will take the site’s computing capacity, while also offering up to $84 million in Codex credits to 844,000 students in Ohio. SoftBank, for its part, is said to have committed to bringing in 1 GW of new generation capacity and spending $4.2 billion to upgrade the local grid. The piece frames the deal as a sign that AI competition is shifting beyond chips and into land, power and industrial build-out. It also argues that the commercial upside for Nvidia lies not only in supplying GPUs, but in securing the infrastructure that will keep successive hardware generations deployed over the next two decades.

1320

Nvidia

2026-08-15 00:05:42

Nvidia and OpenAI revise structure of proposed Ohio data center deal

Nvidia and OpenAI have revised the structure of a proposed 10-gigawatt data center project in Ohio, according to Wall Street Journal sources cited by ChainCatcher. Under the updated proposal, Nvidia would guarantee 5 gigawatts of the project. The company would also reduce its guarantee amount from $250 billion to less than $120 billion. The report did not disclose additional terms of the revised proposal in the brief. The update centers on changes to the deal structure tied to the Ohio project and a lower guarantee commitment from Nvidia.

1260

OpenAI

2026-08-05 04:18:12

OpenAI's First Creator Event 'Summer Club' Draws Environmental Criticism

A recent report from Techub News, with original information from CryptoBriefing, details the incident. According to that report, OpenAI recently hosted its first-ever influencer brand event, which was called 'Summer Club,' at a luxury resort in New York City. The event, which invited online creators to take part in beekeeping workshops and sample organic dining, has drawn external criticism due to the apparent contrast with the company's energy-intensive AI infrastructure operations. At the same time, the company is advancing a 500-billion-dollar data center project situated in Ohio, and it has already brought a dedicated professional on board to handle global creative collaboration. Even though a spokesperson said the event was organized to showcase the ChatGPT Work application, participants were still blamed for overlooking the environmental cost of the AI industry. These are the core facts reported in the original item: the first creator-focused brand event, the luxury resort location, the beekeeping and organic food activities, the criticism about environmental impact, the Ohio data center investment, the new creative partnerships role, and the official statement regarding ChatGPT Work. The original item also does not provide any additional information beyond what has been summarized above.

1760

Nvidia

2026-07-26 23:39:30

Nvidia in talks to back OpenAI data center project with $250 billion guarantee

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.

2000