Nvidia in Talks for $250 bn OpenAI Data Centre Backing

The proposed $250 billion guarantee would cover the data centre lease and debt financing but would not include the cost of the chips. Nvidia is also reportedly discussing financing OpenAI's chip purchases worth up to $350 billion.

For OpenAI, the deal would mark a significant step towards building and controlling its own AI infrastructure instead of relying on cloud providers such as Microsoft, Amazon and Oracle.

For Nvidia, the arrangement would help secure long-term demand for its AI chips, which are widely used to train and run advanced AI models.

The financing support is expected to strengthen investment vehicles designed to reassure lenders about the project's funding, the report added.

The first phase of the Ohio facility is expected to be completed by 2028 with about 800 megawatts of power capacity, it said.

The report also highlighted that power for the project is controlled by the US government and funded separately by Japan under a recent trade agreement linked to Tokyo's commitment to invest $33 billion in a natural gas plant.

Earlier this month, South Korean conglomerates and global technology companies, including Nvidia, agreed to explore a series of collaboration projects with a combined value of about $950 billion, according to a senior South Korean presidential official.

Among the proposed initiatives is a long-term agreement under which SK Group will supply around $750 billion worth of high-performance semiconductors to global technology firms, including Nvidia, presidential chief of staff for policy Kim Yong-beom said during a media briefing.

The understanding was reached at a high-level meeting in San Francisco attended by leaders of major global technology companies and South Korea's leading business groups, including Samsung Electronics Executive Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won.

OpenAI CEO Sam Altman and Nvidia founder and CEO Jensen Huang also participated in the discussions, underscoring growing collaboration between AI developers and semiconductor companies to accelerate next-generation computing infrastructure.