Nvidia Weighs $250B Guarantee to Back OpenAI's Ohio Campus

Nvidia is in talks to guarantee roughly $250 billion of financing so OpenAI can lease a 10-gigawatt data centre campus SoftBank is building in southern Ohio, according to a Wall Street Journal report. A separate structure worth around $350 billion is reportedly under discussion to finance the chips themselves, putting the full project past $500 billion. The first phase targets roughly 800 megawatts, scheduled for 2028. Terms are not final and the deal may not close. The structure is drawing scrutiny for its circularity: a chip vendor underwriting the debt of a customer that will spend the proceeds on its chips.