Nvidia in talks on US$250 billion backing for OpenAI hub, WSJ says
This helps the AI lab lease a 10-gigawatt data centre hub that SoftBank Group is developing in Ohio
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[HONG KONG] Nvidia is in discussions to provide a guarantee of about US$250 billion to help OpenAI lease computing from a giant data centre project, the Wall Street Journal reported, citing people familiar with the matter.
The deal should help the artificial intelligence lab lease a 10-gigawatt data centre hub that SoftBank Group is developing in Ohio, the Journal said.
That project may cost about US$500 billion, SoftBank founder Masayoshi Son has said. Nvidia’s guarantee would help SoftBank borrow more capital to bankroll its construction.
ChatGPT’s developer has been in talks to lease that capacity for several weeks, it said.
The deal underscores the circular nature of the increasingly large transactions that power the AI industry, where giant tech firms finance the projects that ultimately funnel business back to them. BLOOMBERG
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