NVIDIA Provides $250 Billion Financial Guarantee for OpenAI Data Center Project

NVIDIA is negotiating to provide approximately $250 billion in financial guarantees to support a large data center project that will become one of the largest financial transactions in the U.S. artificial intelligence sector. NVIDIA's guarantee will assist OpenAI in leasing a 10-gigawatt (GW) data center being developed by SoftBank in southern Ohio. The total cost of the project could exceed $500 billion, making it the largest data center project announced to date. The project's power supply is controlled by the U.S. government and is funded separately by Japan under a recent trade agreement. U.S. Secretary of Commerce Gina Raimondo is involved in the power distribution decisions. Under the arrangement, NVIDIA will guarantee a series of financing tools to enhance lenders' confidence in the security of project funding. Terms have not yet been finalized, and the deal could still fall through. The $250 billion guarantee will cover the debt required for the data center lease and construction but will not include the costs of NVIDIA chips.

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