{
  "id": 1623589,
  "title": "Nvidia to provide up to $105 billion guarantee for OpenAI’s Ohio data center",
  "url": "https://urgent.news/2026/08/18/nvidia-to-provide-up-to-105-billion-guarantee-for-openais-ohio-data-1623589",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-18T03:18:00.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/nvidia-to-provide-up-to-105-billion-guarantee-for-openais-ohio-data-center/"
  },
  "original_language": "en",
  "account": "Nvidia has pledged to provide a guarantee of up to $105 billion to assist OpenAI in leasing a massive data center in Ohio, developed by the SB Energy subsidiary of SoftBank. This represents one of the largest infrastructure financing commitments made by the chipmaker. In addition to the guarantee, Nvidia will invest $1.5 billion in SB Energy, following a $1 billion investment from OpenAI and SoftBank to expand data center infrastructure. This latest deal underscores Nvidia's strategy of financing infrastructure built around its chips, which boosts demand but has raised concerns about circular funding between the chipmaker and its customers. Nvidia CEO Jensen Huang clarified that the new deal is not circular financing and that Nvidia is leveraging its scale and long-term vision to support OpenAI's needs. The data center, located in Pike County, Ohio, will have a total capacity of up to 8 gigawatts, with the first 800 megawatts expected to come online in 2028, following a 20-year lease agreement with OpenAI. Nvidia will be the exclusive chip provider for the facility, with the financing structure yet to be finalized and potentially comprising equity and debt components. The equity may include capital raised by an SB Energy IPO and direct investment from SoftBank, while the debt portion may include project finance loans and potentially public debt such as bonds. The guarantee covers a portion of the lease and power payments, ensuring the site retains a minimum value if OpenAI defaults. Nvidia aims to secure prime sites for its chips to run for multiple generations, potentially contributing up to $200 billion to Nvidia's revenue by 2030, depending on the scale of the expansion. SoftBank and SB Energy plan to build at least 10 gigawatts of new power generation and invest $4.2 billion in regional grid infrastructure through a partnership with AEP Ohio. The project is expected to create approximately 35,000 construction jobs through 2032 and around 2,500 long-term operating positions, with low risk of construction delays due to minimal local opposition and strong state support.",
  "summary": "Nvidia has agreed to provide a guarantee of up to $105 billion to help OpenAI lease a sprawling data centre in Ohio being developed by SoftBank-owned SB Energy, in one of the chipmaker's largest infrastructure financing commitments.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "title": "Nvidia to provide up to $105 billion guarantee for OpenAI’s Ohio data center",
        "url": "https://urgent.news/2026/08/18/nvidia-to-provide-up-to-105-billion-guarantee-for-openais-ohio-data",
        "published": "2026-08-18T03:18:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}