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Nvidia Considering $3 Billion Investment in SB Energy for OpenAI Data Center Project

morning · · thread: Nvidia and Wall Street Firms Partner to Raise $500 Billion for AI Infrastructure

2 sources across 2 countries · Brazil · United Kingdom

Who reported this

  • CNN Brasil Brazil · Centre · Rubens Menin (MRV)
  • Reuters United Kingdom · Centre · Thomson Reuters Corporation

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Nvidia is in negotiations to invest up to $3 billion in SB Energy, a subsidiary of SoftBank Group, according to a report from The Information. This potential investment is part of broader discussions involving OpenAI to develop a massive data center campus in the state of Ohio. The proposed deal is linked to the provision of approximately $100 billion in credit support for the project.

According to The Information, Nvidia discussed investing half of the $3 billion upon the signing of the Ohio project agreement, with the remaining half occurring as part of SB Energy's planned initial public offering. SB Energy, which was founded in 2019 and focuses on large scale energy infrastructure and data centers, may seek to raise at least $5 billion through its IPO as early as next month.

Separate reporting from the Wall Street Journal indicates that Nvidia has revised its support for the OpenAI project. The company is now expected to guarantee less than $120 billion initially, a decrease from the $250 billion previously discussed. Both Nvidia and SB Energy did not immediately respond to requests for comment.

How each side framed it

Centre
Outlets of this lean presented the information as a straightforward business report focusing on investment figures and corporate partnerships.

Sources

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