Nvidia eyes investing US$3bil in SB Energy under OpenAI data center deal

Nvidia is reportedly in discussions to invest up to US$3 billion in SB Energy, a subsidiary of SoftBank Group, to support an upcoming Ohio data center project for OpenAI, according to the Information. The potential investment would be part of Nvidia's broader plans to provide approximately US$100 billion in credit support for the Ohio data center campus.

Nvidia has indicated that half of the US$3 billion could be invested when the Ohio project deal is finalized, with the remaining half to be allocated as part of SB Energy's planned initial public offering, as reported by the Information. However, Reuters has not been able to independently verify the information, and Nvidia and SB Energy have not yet responded to requests for comment.

SB Energy, backed by OpenAI, is focused on developing large-scale power and data center infrastructure projects. The company, founded in 2019, is constructing multiple data center campuses to meet the growing demand for AI workloads. Recently, the Wall Street Journal reported that Nvidia had revised its plans for supporting the proposed OpenAI data center project in Ohio, now expecting to guarantee less than US$120 billion, down from the previously discussed US$250 billion.