Nvidia Guarantees Up to $105 Billion for OpenAI Data Center in Ohio, Lower than Previous B
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Nvidia is guaranteeing up to $105 billion for OpenAI’s planned data center campus in Pike County, Ohio, coming in lower than the roughly $250 billion guarantee it was considering, according to reporting by the Wall Street Journal and CNBC.
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New York Post BusinessChip-making giant Nvidia will provide up to $105 billion in financing toward a massive AI data center in Ohio that will be leased by Sam Altman’s OpenAI and is expected to be one of the largest of its kind in the world, the companies announced Monday.
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But Nvidia CEO Jensen Huang disputes the circular financing model. Huang said in a press release the company was “securing long-lived infrastructure for Nvidia compute so OpenAI can deploy the most productive AI factories that can be upgraded repeatedly with each new generation delivering more intelligence and better economics.”
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New York Post BusinessHuang said the arrangement was not a form of “circular financing” and noted that OpenAI would pay the lease. Nvidia’s financing will backstop “defined portions of lease and power payments” rather than the full cost of the project, he added.
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Nvidia’s investor materials described the OpenAI partnership as an integrated infrastructure offering encompassing architecture, chips, systems, networking, data centers, software, operations and financing. Nvidia said each gigawatt of infrastructure would require roughly $50 billion to $60 billion in total spending, while OpenAI would need to reinvest future revenue to fund its buildout.
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New York Post BusinessIn all, OpenAI’s commitments to buy Nvidia hardware and compute capacity will reach $600 billion by 2030, according to Huang.
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Marvell Technology shares rallied 6% on a deal that would allow Google to buy up to $12.2 billion in shares of the chipmaking company, according to a securities filing.
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ZeroHedgeGoogle may purchase as many as 58,970,907 Marvell shares at a price of $206.58 apiece, Marvell said Wednesday in a regulatory filing.
MarketWatchGoogle will also get the option to purchase about $12 billion worth of Marvell’s stock
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Marvell said in a filing that the expanded agreement will include products that "attach to the [tensor processing unit] ecosystem," such as artificial intelligence inference accelerators, and storage and network interface controllers.
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ZeroHedgeThe two firms will collaborate on custom AI chips. "The expanded partnership spans a comprehensive range of custom silicon programs that attach to the TPU ecosystem, including AI inference accelerators, storage controllers, network interface controllers, memory interface controllers, and near-memory compute," Marvell said in the filing.
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While Nvidia has established an effective monopoly over the most powerful AI chips, it has worked to exert greater influence across the AI ecosystem as the race to build infrastructure accelerates. That reach extends through its software stack, relationships with governments and direct investments in other companies.
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China eases limits on Nvidia H200 chips as AI race escalates Beijing permits small shipments to help leading tech groups in drive to catch up with US rivals
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CNBCNvidia's most advanced AI chips are under export restrictions to China, though some less capable semiconductors are allowed to be shipped to the country.
5 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 New York Post Business OpenAI has inked a 20-year deal for the site, which will ultimately provide about eight gigawatts of computing capacity that will help support products like ChatGPT, the companies said. In energy terms, a single gigawatt can power about 750,000 homes.
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02 CNBC In April, Marvell shares popped on a report of a chip deal with Google for artificial intelligence workloads. At the time, The Information reported that the deal would include a TPU and memory processing unit.
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03 ZeroHedge The remaining shares vest based on “discretionary purchases” from Marvell’s third quarter of fiscal 2027 through the end of its fiscal 2033, with one tranche vesting for each $500 million in revenue stemming from the products the companies have developed together.
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04 Fortune The deal moved through at least two known checkpoints before landing at its final size: the Journal reported August 14 that Nvidia had already cut the guarantee to “less than $120 billion,” before the companies settled on $105 billion when the partnership was signed Monday. Nvidia disclosed the final figure—an “aggregate payment obligation” capped at $105 billion—in an SEC filing tied to the announcement. The partnership deal was signed yesterday. The reduction represents a recurring concern among AI investors—the circular cycle of money in the AI ecosystem.
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05 MarketWatch Tech Stocks Cerebras’s stock has been a post-IPO bust. Its comeback hinges on this new chip.
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