Nvidia commits up to $3 billion to support OpenAI’s Ohio AI campus
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The chipmaker is backing SB Energy's massive data center project in Pike County, Ohio, with a deal structured around a potential IPO.
Key facts
The investment would be split into two tranches: $1.5 billion upon signing and another $1.5 billion tied to SB Energy’s planned IPO
Previous discussions between Nvidia and OpenAI had floated potential investments of up to $100 billion specifically tied to deploying 10 gigawatts of Nvidia’s AI systems
Initial discussions had Nvidia on the hook for roughly $250 billion in guarantees
The Ohio campus is designed to eventually reach 10 gigawatts of power capacity
Summary
Nvidia is putting serious money behind OpenAI’s vision for what could become one of the largest AI computing facilities ever built. The investment would be split into two tranches: $1.5 billion upon signing and another $1.5 billion tied to SB Energy’s planned IPO. The Ohio campus is designed to eventually reach 10 gigawatts of power capacity. The first phase of the campus is expected to come online around 2028.