Nvidia eyes investing $3 billion in SoftBank's SB Energy under OpenAI data center deal, Information says
The proposed investment is part of Nvidia's talks with OpenAI and SB Energy on providing credit support for a panned Ohio data center campus, the report said.
Nvidia is in talks to invest up to $3 billion in SB Energy, a subsidiary of SoftBank Group. The investment is part of Nvidia's discussions with OpenAI and SB Energy to provide credit support for a planned Ohio data center campus. According to Investing.com, the credit support being discussed is around $100 billion.
The planned Ohio data center campus is being developed by SB Energy for OpenAI. Nvidia's potential investment in SB Energy highlights the company's expanding role in financing and supporting the infrastructure needed to power the growth of artificial intelligence.
The talks between Nvidia, OpenAI, and SB Energy are ongoing, and the terms of any potential investment could change. Channel News Asia notes that Reuters could not immediately verify the report.
Brief written by urgent.news from CNBC, CNBC World, Investing.com, Techmeme, Channel News Asia — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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