Nvidia could reportedly backstop $250B loan for new OpenAI data center campus
Nvidia Corp. is reportedly in talks to backstop a $250 billion loan for OpenAI Group PBC.
The Wall Street Journal on Sunday cited sources as saying that the financing would cover the cost of a new data center campus in Ohio. According to CNBC, the site is expected to provide 10 gigabytes of computing capacity. That’s equal to the power consumption of about eight million homes.
The campus is reportedly being developed by SB Energy Inc., a SoftBank Group PBC unit that raised $500 million in funding from OpenAI last year. It builds not only data centers but also energy infrastructure such as battery storage facilities. In 2024, SB Energy constructed a 900-megawatt solar park near Austin for a Google LLC data center.
According to CNBC, the $250 billion loan that Nvidia is in talks to backstop would only cover OpenAI’s lease and certain construction costs. The sum reportedly doesn’t include the graphics processing unit that the Ohio site will host. It’s believed the chips could more than double the project’s price tag to over $500 billion.
