Nvidia to invest $1.5 billion in SB Energy under OpenAI data center deal
Nvidia is set to invest $1.5 billion in SB Energy, a SoftBank-backed company, for the construction of a new AI data center campus in Ohio, according to a recent announcement. SB Energy plans to develop up to 8 gigawatts of AI computing capacity at the PORTS-Pike Technology Campus, which Nvidia has secured for its graphics processors and networking gear.
The deal allows Nvidia to secure a significant portion of the AI computing capacity it consumes, a strategy that has fueled demand but also drawn criticism for the circular flow of funds from Nvidia to its key customers. SB Energy, backed by OpenAI, is also planning to construct at least 10 gigawatts of new power generation and invest $4.2 billion in Ohio's grid infrastructure to support AI data centers.
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