Nvidia will still backstop OpenAI's biggest data centre — for one phase, at under half the money
The Wall Street Journal reported on Friday 14 August that Nvidia has cut the financing guarantee it is prepared to give for OpenAI's planned 10-gigawatt campus in Ohio, from about $250 billion — the figure under discussion in late July — to less than $120 billion. The guarantee would now cover only the first phase of the build rather than the whole project. Nvidia's shares fell around 5% when the original number was first reported, and investors pressed the company on how much risk it was carrying on behalf of a customer that buys its chips. A separate arrangement worth as much as $350 billion in chips for the same site sits outside the guarantee. The campus is being developed by SB Energy, a SoftBank subsidiary, and the Journal says a deal could be signed as early as this weekend.
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