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Nvidia in talks with OpenAI for Ohio data center financing, WSJ reports
The Columbus Dispatch • • business
Key Points:
- Nvidia is reportedly negotiating to provide approximately $250 billion in financing to OpenAI for a large data center project in southern Ohio, according to The Wall Street Journal.
- The financing would support OpenAI’s lease of a 10-gigawatt power project developed by SoftBank's energy subsidiary in Pike County, with power access controlled by the U.S. government and funded by Japan under a recent trade deal.
- The project, described by SoftBank CEO Masayoshi Son as the largest single-location power plant in the U.S., involves a proposed $33 billion, 9.2-gigawatt power plant and potential data center investments exceeding $500 billion on one campus.
- OpenAI is among several companies, including Anthropic, Microsoft, and Google, showing strong interest in leasing the site, with U.S. Commerce Secretary Howard Lutnick playing a key role in power allocation decisions.
- The project is expected to generate significant job creation in the region, and U.S. officials have expressed confidence in its progress, though the financing details remain unconfirmed by involved parties.
