Nvidia backs OpenAI's Ohio data center with a $105 billion guarantee

According to the Turkish technology channel Çiçek ile Teknoloji, OpenAI is to build a data center of roughly 8 gigawatts in the US state of Ohio. The facility will be leased for 20 years and its construction financed with debt. Nvidia is providing a financing guarantee of up to $105 billion for that debt, and is separately investing $1.5 billion in the company that will construct the building.

For comparison, the previously announced Stargate project was put at 10 gigawatts. OpenAI's revenue is growing but the company is still lossmaking, so it is not carrying the construction financing alone. The partnership Nvidia wants to preserve rests on OpenAI continuing to use its chips. OpenAI is at the same time working with Broadcom on a chip of its own.