NVIDIA backs OpenAI's Ohio data-center lease with guarantees of up to $105 billion
NVIDIA agreed to guarantee up to $105 billion of obligations supporting OpenAI's 20-year lease of an SB Energy data center in Pike County, Ohio, and to invest $1.5 billion in SB Energy. NVIDIA is set to be the facility's exclusive chip supplier; the site is planned for as much as 8 gigawatts, with the first 800 megawatts expected in 2028.
Why it matters: An accelerator vendor is using its balance sheet to help finance the power and buildings that create future demand for its chips. That deepens supplier and counterparty concentration while turning model capacity into a long-duration financing, grid,…