Nvidia is in talks to invest as much as US$3 billion (HK$23.4 billion) in SB Energy, a SoftBank Group subsidiary developing a massive planned Ohio data center project for OpenAI, the Information reported on Saturday, citing people familiar with the discussions.
Here are some details:
-
The proposed investment is part of Nvidia's talks with OpenAI and SB Energy on providing around US$100 billion in credit support for the planned Ohio data center campus, the report said.
-
Nvidia has discussed investing half of the US$3 billion when the Ohio project deal is signed and the other half as part of SB Energy's planned initial public offering, according to the Information.
-
Reuters could not immediately verify the report. Nvidia and SB Energy did not immediately respond to requests for comment outside regular business hours.
-
SB Energy is aiming to go public as soon as next month and could raise at least US$5 billion in the IPO, the report added.
-
SB Energy, which is also backed by OpenAI, develops large-scale power and data center infrastructure projects. Founded in 2019, the company is building several data center campuses to support rising demand tied to AI workloads.
-
The Wall Street Journal on Friday reported that Nvidia has revised its plans to support a proposed OpenAI data center project in Ohio and is now expected to initially guarantee less than US$120 billion, down from the US$250 billion previously discussed.
Reuters
