AM Markets Need to Know: Nvidia cuts OpenAI backing, WLFI wins approval, and more
Nvidia is reportedly in discussions to invest up to $3 billion in SB Energy, a subsidiary of SoftBank Group, as part of a potential data center project for OpenAI, according to the Information. The investment is being considered in negotiations between Nvidia, OpenAI, and SB Energy, with the aim of financing a significant portion of the Ohio data center campus. The $100 billion in credit support from Nvidia would be a major component of the project, although Reuters has not yet been able to confirm the report.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Sources: Nvidia in talks to invest up to $3B in SoftBank-backed data center developer SB Energy that aims to IPO soon and is behind a huge OpenAI campus in Ohio (The Information) theinformation.com
- The data center backlash reaches Texas qz.com
- Nvidia backs financing for OpenAI data center in Ohio cnbc.com
- Nvidia scales back OpenAI data-center guarantee to less than $120B, WSJ reports seekingalpha.com
- Nvidia in talks to invest $3 billion in SB Energy as part of OpenAI data center deal, the Information reports investing.com
- Nvidia in talks to invest $3 billion in SB Energy as part of OpenAI data center deal, the Information reports channelnewsasia.com
