BREAKING: Nvidia $NVDA is in talks to provide up to $250B in financing for an OpenAI datacenter in Ohio, as per the Wall Street Journal. - The project could exceed $500 billion in total cost, making it the largest announced AI data center project to date. The first phase is expected to come online in 2028 with roughly 800 megawatts of capacity. - The U.S. government is playing a central role, with power supplied through a federally backed project funded by Japan under a recent trade agreement. Commerce Secretary Howard Lutnick is involved in allocating the power. - Nvidia is also discussing financing OpenAI's chip purchases, which could total up to $350 billion, highlighting the increasingly intertwined financing structures supporting large-scale AI infrastructure. - The Ohio campus would give OpenAI its first dedicated data center lease, reducing reliance on cloud providers like Microsoft, Amazon, and Oracle as the company ramps projected AI infrastructure spending to roughly $750 billion through 2030.
