Nvidia slashes OpenAI data center guarantee from $250B to under $120B
Nvidia dramatically reduces amount of OpenAI infra financing it may guarantee
Nvidia has scaled back its planned financial guarantee for OpenAI's massive Ohio data center project, reducing it from $250 billion to less than $120 billion, according to the Wall Street Journal. The change comes after investor concerns about Nvidia's risk exposure. The chipmaker is expected to back only the first phase of the 10-gigawatt project, developed by SoftBank's SB Energy. A deal could be signed as early as this weekend.
The change was made after investors raised concerns about Nvidia's risk exposure tied to large financing commitments.