OpenAI Locks In Lease for Huge Data Center in Ohio With Backing From Nvidia
The agreement with SoftBank’s SB Energy caps weeks of negotiations over the largest data-center project announced to date.
OpenAI has secured a massive 10-gigawatt data center deal in Ohio, backed by a commitment from Nvidia. The project, expected to become one of the largest AI hubs, is part of a larger trend of chip firms using their financial strength to support AI startups. Nvidia has pledged to backstop a portion of the completed data center's value, starting with the initial phase, which is around 5 gigawatts.
This move is aimed at reducing Nvidia's risk exposure while providing OpenAI with the necessary computing capacity for its AI operations. The lease, which spans 20 years, is among several complex transactions helping AI firms acquire substantial computing resources. The southern Ohio campus, located on a former uranium site, is projected to generate enough energy to power seven million homes.
Nvidia's support is expected to make the project more attractive for lenders and investors, with the chip giant receiving a $1.5 billion equity investment from SB Energy, the data center's developer.
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