Aug 15 (Reuters) - Nvidia ( NVDA ) is in talks to invest as
much as $3 billion in SB Energy, a SoftBank Group
subsidiary developing a massive planned Ohio data center project
for OpenAI, the Information reported on Saturday, citing people
familiar with the discussions.
Here are some details:
* The proposed investment is part of Nvidia's ( NVDA ) talks with
OpenAI and SB Energy on providing around $100 billion in credit
support for the planned Ohio data center campus, the report
said.
* Nvidia ( NVDA ) has discussed investing half of the $3 billion when
the Ohio project deal is signed and the other half as part of SB
Energy's planned initial public offering, according to the
Information.
* Reuters could not immediately verify the report. Nvidia ( NVDA )
and SB Energy did not immediately respond to requests for
comment outside regular business hours.
* SB Energy is aiming to go public as soon as next month and
could raise at least $5 billion in the IPO, the report added.
* SB Energy, which is also backed by OpenAI, develops
large-scale power and data center infrastructure projects.
Founded in 2019, the company is building several data center
campuses to support rising demand tied to AI workloads.
* The Wall Street Journal on Friday reported that Nvidia ( NVDA ) has
revised its plans to support a proposed OpenAI data center
project in Ohio and is now expected to initially guarantee less
than $120 billion, down from the $250 billion previously
discussed.
(Reporting by Disha Mishra in Bengaluru)