Nvidia in talks to invest US$3 billion in SoftBank subsidiary for OpenAI data centre project: report
SB Energy, which is also backed by OpenAI, develops large-scale power and data centre infrastructure projects
Nvidia is reportedly in discussions to invest up to US$3 billion in SB Energy, a subsidiary of SoftBank Group, for an Ohio data center project supporting OpenAI, according to US business tech site The Information. The investment would be part of Nvidia's broader plans with OpenAI and SB Energy to provide around US$100 billion in credit support for the Ohio data center campus.
Nvidia may contribute half of the US$3 billion when the project deal is finalized, with the remaining sum included in SB Energy's planned initial public offering. The report, which could not be independently verified, also noted that SB Energy aims to go public by September, potentially raising at least US$5 billion in the IPO. Founded in 2019, SB Energy focuses on developing large-scale power and data center infrastructure projects, with several projects currently underway to meet the growing demand for artificial intelligence workloads.
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