BUSINESSQUARTZ
Nvidia is slashing its financial backstop for OpenAI's Ohio data center to under $120 billion
Nvidia is reducing its financial backstop for OpenAI's Ohio data center to under $120 billion. The chipmaker revised this plan after investors voiced concerns regarding its risk exposure tied to large financing commitments.
Mentioned
Related Signal
Adjacent reporting
- Nvidia is in talks to back OpenAI's Ohio data center with $250 billion in financing
- Nvidia and OpenAI in talks for up to $250 billion dollar backstop to fund AI infrastructure plans
- Nvidia in talks to back $500B OpenAI data center — days after CEO Jensen Huang voiced support for controversial open-source AI used by China
- Nvidia's potential $250B backstop for OpenAI is another strike against the AI trade