Monday, July 27th 2026
NVIDIA and OpenAI Reportedly Discuss $250 Billion Deal for 10-Gigawatt Ohio Data Center
NVIDIA is in talks to provide roughly $250 billion in financing guarantees for OpenAI's planned data center campus in southern Ohio, according to the Wall Street Journal, cited by Reuters. The project is being developed by SB Energy, a SoftBank subsidiary and is a 10-gigawatt facility sited on a decommissioned uranium-enrichment site about 50 miles south of Columbus, Ohio. The total cost, including chips, could exceed $500 billion making it the largest data center project announced to date. The financing structure would have NVIDIA backstop a set of lending instruments to reassure investors, which is necessary partly because OpenAI hasn't turned a profit and can't qualify for investment-grade credit on its own. The $250 billion commitment covers the lease and construction financing but not the chips. For those it seems that NVIDIA is also in talks to help fund OpenAI's chip purchases, a figure the WSJ puts at up to $350 billion. Remember that last year, OpenAI and NVIDIA teamed up on a huge project to set up 10 gigawatts of NVIDIA systems, the latter planning (at that time) to invest up to $100 billion into OpenAI.
For OpenAI the deal would be its first directly leased data center, reducing dependence on Microsoft, Amazon, and Oracle for cloud infrastructure. The company has since raised its projected computing spend to around $750 billion through 2030. For NVIDIA, backing the project effectively locks in chip demand for years. Power for the site is controlled by the U.S. government and funded separately through a recent trade deal with Japan, which agreed to invest $33 billion in a natural gas plant on the federal land in exchange for lower tariffs. Power allocation is controlled by US Commerce Secretary Howard Lutnick, OpenAI, Anthropic, Microsoft, and Google have all been in contact with him about the site. The first phase is expected to be completed in 2028 at around 800 megawatts. However, the terms of the deal are not final, and it could be scrapped.
Source:
Reuters
For OpenAI the deal would be its first directly leased data center, reducing dependence on Microsoft, Amazon, and Oracle for cloud infrastructure. The company has since raised its projected computing spend to around $750 billion through 2030. For NVIDIA, backing the project effectively locks in chip demand for years. Power for the site is controlled by the U.S. government and funded separately through a recent trade deal with Japan, which agreed to invest $33 billion in a natural gas plant on the federal land in exchange for lower tariffs. Power allocation is controlled by US Commerce Secretary Howard Lutnick, OpenAI, Anthropic, Microsoft, and Google have all been in contact with him about the site. The first phase is expected to be completed in 2028 at around 800 megawatts. However, the terms of the deal are not final, and it could be scrapped.
52 Comments on NVIDIA and OpenAI Reportedly Discuss $250 Billion Deal for 10-Gigawatt Ohio Data Center
- Sorry bro, I am broke.
- No you aren't.
- Yes I am.
- No you are not.
- I am saying you that I am.
- Bro, I have $600 billions spare. Believe me, you are not.
- So, you have new Racks you say?
- Yeah, plenty. Better than AMD's.
- Who is AMD?
- That's my boy!
more BS circular deals which is just a big shell game
Look at all of these companies trying to keep the sinking ship afloat.. It's getting comical!
I’ll give you an example of why this isn't happening only because of AI, but across a much longer timespan!
So we have a “guideline” rate for properties sold in our city/state which is set at a "minimum” level by the state govt. Now most deals happen at "market rates” which can be at least 1.5x to really any absurd number above that guideline. So the govt’s basically guaranteeing the real estate market value ~ in part because they get huge revenues through that including but not limited to property tax, stamp duty etc. What happens to that “premium” paid over & above the guideline (rates) you ask ~ it’s all in cash always! And this has been traditionally the biggest source to make "black money” white & you won't believe how much (hard) cash trades hands this way :shadedshu:
What happened through the early 90’s then 2k and even afterwards is that we “liberalized” the capital markets allowing almost unchecked FII inflows in stocks, bonds and commodities as well. Weirdly enough the enforcement (KYC) over here was even more lax at the time! So this created a vicious cycle where money from land/property deals would circulate in capital markets, then after a bull run go back to real estate and then back into the same "legalized gambling” i.e. stocks, F&O, commodities et al. You can add crypto to that as well especially in recent times.
Now why do you think this house of cards isn't crumbling ~ well remember that real estate backstop through a "minimum” guideline number? Yeah well that’s how the game is/has always been rigged because that value never drops even if "market rates" may sometimes go down! This same BS happens practically everywhere in the world in one form or another ~ like QE and (US) govt bailout post 2008 bust. So when most (national) govts have your back why do you think this game of checkers (or musical chair) will ever stop? Sure the small trader/investor may have to go bankrupt every now and then but the accumulation at the top will never stop unless there’s a quintessential socio-political economic change (globally) that lasts!
Do you think BestBuy should be sued when, say, there is a 20% off from your favorite cookie if you buy in bulk?
And wow! You even have access to 0% APR financing to pay in interest free installment!
Seriously, if you look at the TAM (total addressable market) for any of these businesses, it's measured in the trillions of dollars. That's a huge market and they're gearing up with the intent to control most of it.
finance.yahoo.com/technology/ai/articles/openai-pace-miss-own-ad-142128219.html