TLDR Tech / AI
Nvidia Downsizes Plans for $250 Billion Guarantee of OpenAI Data Center
Nvidia and OpenAI are close to closing a financial deal for a large-scale data-center campus in Ohio. Under the deal, Nvidia would provide a financial backstop for the first phase of the project, totaling roughly five gigawatts of power. OpenAI will then have to decide later whether or how to finance the remainder. Nvidia originally planned to invest $250 billion into the deal, but lowered its guarantee to less than $120 billion to address investors' concerns about the chipmaker's risk exposure.
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