Nvidia Could Put Another $3 Billion Behind the AI Boom 🤖
$NVDA is in talks to invest as much as $3 billion in SB Energy, a SoftBank subsidiary developing a massive data-center project in Ohio for OpenAI. The potential investment is tied to plans for the campus, according to a report cited by Reuters.
The proposed project is enormous. Nvidia, $OPENAI and SB Energy are also discussing around $100 billion in credit support for the planned Ohio data-center campus.
Nvidia could invest half of the $3 billion when the Ohio project agreement is signed, with the remainder potentially coming alongside SB Energy’s planned IPO. Nothing has been finalized yet, so the discussions could still change.$NVDAB
If completed, the deal would underline how deeply Nvidia is becoming involved in the infrastructure surrounding AI — not just supplying the chips that power it.
The AI spending race is starting to look less like a simple hardware cycle and more like a full-scale infrastructure buildout. ⚡
$NVDA is in talks to invest as much as $3 billion in SB Energy, a SoftBank subsidiary developing a massive data-center project in Ohio for OpenAI. The potential investment is tied to plans for the campus, according to a report cited by Reuters.
The proposed project is enormous. Nvidia, $OPENAI and SB Energy are also discussing around $100 billion in credit support for the planned Ohio data-center campus.
Nvidia could invest half of the $3 billion when the Ohio project agreement is signed, with the remainder potentially coming alongside SB Energy’s planned IPO. Nothing has been finalized yet, so the discussions could still change.$NVDAB
If completed, the deal would underline how deeply Nvidia is becoming involved in the infrastructure surrounding AI — not just supplying the chips that power it.
The AI spending race is starting to look less like a simple hardware cycle and more like a full-scale infrastructure buildout. ⚡