← Back to live feed1 story
Nvidia and OpenAI have restructured the financing for their Ohio data center project to reduce the chipmaker's direct liability. The revised agreement lowers the financial guarantee from $250 billion to less than $120 billion and includes negotiations for a $3 billion investment in the developer, SB Energy.
The shift is intended to ease investor concerns regarding Nvidia's balance sheet risks. To facilitate broader compute buildouts, Nvidia signed memorandums with six financial firms to mobilize over $500 billion of third party capital using independent compute financing platforms.
Sign in to suggest edits