{
  "id": 921718,
  "title": "Nvidia scales back funding guarantee for Ohio OpenAI data center, WSJ reports",
  "url": "https://urgent.news/2026/08/15/nvidia-scales-back-funding-guarantee-for-ohio-openai-data-center-wsj",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-15T00:42:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/world/20260815/nvidia-scales-back-funding-guarantee-for-ohio-openai-data-center-wsj-reports"
  },
  "original_language": "en",
  "account": "Nvidia is reducing the financial guarantee it will extend to a proposed OpenAI data center in Ohio, according to a report by the Wall Street Journal. The chipmaker's commitment is now expected to be under $120 billion, a significant drop from the $250 billion previously discussed, the news outlet revealed on Friday. Sources familiar with the matter told the Journal that Nvidia and OpenAI are close to finalizing an agreement. The financial backstop from Nvidia will only cover the initial phase of the project. The deal could be officially signed as early as this weekend, the report added.\n\nThe decision to scale back the funding guarantee was prompted by investors expressing concerns over Nvidia's risk exposure due to substantial financing commitments, the Journal noted. This development comes after Nvidia joined forces with six major financial institutions on Monday to launch compute financing platforms that aim to raise over $500 billion in third-party capital for AI infrastructure.\n\nOpenAI is still in discussions to secure a binding lease for the entire 10-gigawatt project in Ohio, as reported by the Wall Street Journal. The site is being developed by SB Energy, a subsidiary of SoftBank, and would mark the largest data center project announced to date upon completion.",
  "summary": "Nvidia has reduced its funding guarantee for an OpenAI data center project in Ohio to less than $120 billion, down from the previously discussed $250 billion, according to the Wall Street Journal. The chipmaker and OpenAI are reportedly nearing an agreement, with Nvidia expected to provide financial backing for the first phase of the project. The change was made following investor concerns about Nvidia's risk exposure to large financing commitments. Despite the reduced guarantee, Nvidia has partnered with six major financial institutions to launch compute financing platforms, aiming to raise over $500 billion in third-party capital for AI infrastructure. OpenAI is still in discussions for a binding lease for the full 10-gigawatt project, which is being developed by SB Energy, a subsidiary of SoftBank, and would be the largest data center project announced to date.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "City AM",
        "title": "Anthropic subscriptions overtake OpenAI in the UK, fresh data suggests",
        "url": "https://urgent.news/2026/08/14/anthropic-subscriptions-overtake-openai-in-the-uk-fresh-data-suggests",
        "published": "2026-08-14T09:59:19.000Z"
      }
    ]
  },
  "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."
}