Nvidia and OpenAI in talks for up to $250 billion dollar backstop to fund AI infrastructure plans

Nvidia and OpenAI are in talks to create a backstop of up to $250 billion to fund AI infrastructure plans, including a data center campus in Pike County, Ohio, according to CNBC. The backstop would allow OpenAI to raise debt using Nvidia's credit strength.

Nvidia and OpenAI in talks for up to $250 billion dollar backstop to fund AI infrastructure plans Source: CNBC Technology https://www.cnbc.com/technology/ The backstop would let OpenAI /glossary/openai raise debt for a data center campus in Pike County, Ohio, on the strength of Nvidia /glossary/nvidia 's credit.Get AI news in your inbox Daily digest of what matters in AI.