Nvidia eyes investing $3 billion in SB Energy under OpenAI data center deal, Information says

Nvidia is in talks to invest as much as $3 ​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.

The proposed investment is part of Nvidia’s talks with OpenAI ​and SB Energy on providing around $100 billion in ⁠credit support for the planned Ohio data center campus, ​the report said.

Nvidia has discussed investing half of the $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 $5 billion in the IPO, the report added.

Nvidia partners with Wall Street giants to raise $500 billion for AI buildout

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 $120 billion, down ​from the $250 billion previously discussed.