OpenAI in talks to lease massive 10-gigawatt Ohio data center backed by Nvidia

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Summary

OpenAI is in talks to lease a massive 10-gigawatt data center in Ohio, backed by Nvidia as a financial guarantor, with costs potentially reaching $500 billion. The deal coincides with OpenAI's confidential IPO filing to fund expanding computing needs.

https://preview.redd.it/x1e1k9b7nm6h1.png?width=1860&format=png&auto=webp&s=7021b3c2e33f5d975c9b5fd3a9503896f811a2ad OpenAI is negotiating to lease a planned 10-gigawatt data center in Ohio, with chipmaker Nvidia acting as a financial guarantor for the lease and project financing. SoftBank-controlled SB Energy is developing the site, which previously housed a federal uranium enrichment facility in Pike County. At full buildout, the project's costs are estimated to reach at least $500 billion, with OpenAI signing a 20-year lease. The massive scale represents OpenAI's largest infrastructure commitment to date. The first phase of the project, delivering 800 megawatts, is expected to go live by 2028. Negotiations are currently ongoing and final plans could change. The announcement comes just as OpenAI has confidentially filed paperwork for an initial public offering (IPO), signaling its plans to go public within the next year to fund its expanding computing needs. Source: [https://the-decoder.com/openai-wants-its-biggest-data-center-yet-and-nvidia-would-back-the-bill/](https://the-decoder.com/openai-wants-its-biggest-data-center-yet-and-nvidia-would-back-the-bill/)
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