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…
Nvidia is reportedly in discussions to invest up to $3 billion in SB Energy, a subsidiary of SoftBank Group, for a large-scale data center project in Ohio for OpenAI, according to the Information. This investment would be part of Nvidia's $100 billion in credit support for the project, with half of the investment expected to be made upon signing the deal and the remaining half during SB Energy's initial public offering, the report stated.
Nvidia has also revealed discussions of investing the other half of the $3 billion as part of SB Energy's planned IPO. The report further added that SB Energy is targeting an IPO next month and could raise at least $5 billion in the process. The company, backed by OpenAI, specializes in developing large-scale power and data center infrastructure to keep pace with the growing demand for AI workloads.
However, it is worth noting that these reports have not been independently verified by Reuters, and Nvidia and SB Energy have not yet commented on the matter.
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