Nvidia to invest $1.9 billion in SB Energy under OpenAI data centre deal
The deal is the latest where Nvidia is financing the ecosystem consuming its chips.
Nvidia has pledged $1.5 billion to secure AI computing capacity at an Ohio campus being developed by SB Energy and OpenAI. This investment is part of Nvidia's strategy of financing ecosystems that consume its chips, a move that has boosted demand but also sparked concerns over circular funding flows. Nvidia will develop an initial capacity of 4.25 gigawatts at the PORTS-Pike Technology Campus.
SB Energy and SoftBank aim to construct at least 10 gigawatts of new power generation and invest $4.2 billion in Ohio grid infrastructure to support AI data centers. SB Energy, a venture backed by OpenAI, specializes in 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.
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