SB Energy, which is also backed by OpenAI, develops large-scale power and data centre infrastructure projects
NVIDIA is in talks to invest as much as US$3 billion in SB Energy, a SoftBank Group subsidiary developing a massive planned Ohio data centre project for OpenAI, US business tech site The Information reported on Saturday (Aug 15), citing people familiar with the discussions.
The proposed investment is part of Nvidia’s talks with OpenAI and SB Energy on providing around US$100 billion in credit support for the planned Ohio data centre campus, the report said.
Nvidia has discussed investing half of the US$3 billion when the Ohio project deal is signed and the other half as part of SB Energy’s planned initial public offering, according to The Information.
Reuters could not immediately verify the report. Nvidia and SB Energy did not immediately respond to requests for comment outside regular business hours.
SB Energy is aiming to go public as soon as September and could raise at least US$5 billion in the IPO, the report added.
SB Energy, which is also backed by ChatGPT-maker OpenAI, develops large-scale power and data centre infrastructure projects. Founded in 2019, the company is building several data centre campuses to support rising demand tied to artificial intelligence workloads.
The Wall Street Journal on Friday reported that Nvidia has revised its plans to support a proposed OpenAI data centre project in Ohio and is now expected to initially guarantee less than US$120 billion, down from the US$250 billion previously discussed. REUTERS
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