financetom
Business
financetom
/
Business
/
Nvidia eyes investing $3 billion in SB Energy under OpenAI data center deal, Information says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nvidia eyes investing $3 billion in SB Energy under OpenAI data center deal, Information says
Aug 15, 2026 1:45 PM

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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Properly Investment Boosts Stake in Swiss Water Decaffeinated Coffee to 13.8%
Properly Investment Boosts Stake in Swiss Water Decaffeinated Coffee to 13.8%
Nov 19, 2025
04:54 PM EST, 11/19/2025 (MT Newswires) -- Properly Investment (SWP.TO) after trade Wednesday said it bought 6,791 shares of Swiss Water Decaffeinated Coffee ( SWSSF ) on the Toronto Stock Exchange for about $30,239. Before this purchase, the company owned 1,310,700 shares, or 13.73%. After the transaction, it now holds 1,317,491 shares, or 13.80% of the company, according to the...
Amgen Says FDA Granted Full Approval to Imdelltra to Treat Extensive Stage Small Cell Lung Cancer
Amgen Says FDA Granted Full Approval to Imdelltra to Treat Extensive Stage Small Cell Lung Cancer
Nov 19, 2025
04:52 PM EST, 11/19/2025 (MT Newswires) -- Amgen ( AMGN ) said Wednesday the US Food and Drug Administration has given full approval to Imdelltra, or tarlatamab-dlle, to treat adults with extensive stage small cell lung cancer with disease progression on or after platinum-based chemotherapy. The company said the FDA's decision to convert Imdelltra's previous accelerated approval to a full...
Nvidia Tops Third-Quarter Estimates on Strong AI Demand
Nvidia Tops Third-Quarter Estimates on Strong AI Demand
Nov 19, 2025
04:55 PM EST, 11/19/2025 (MT Newswires) -- Nvidia ( NVDA ) reported fiscal third-quarter results that surpassed Wall Street's estimates as the chipmaker continued to benefit from rising demand for artificial intelligence. The technology bellwether's adjusted per-share earnings in the three months ended Oct. 26 increased to $1.30 from $0.81 a year earlier. That topped the consensus on FactSet of...
Yann LeCun to leave Meta, launch AI startup focused on Advanced Machine Intelligence
Yann LeCun to leave Meta, launch AI startup focused on Advanced Machine Intelligence
Nov 19, 2025
(Reuters) -Yann LeCun, one of the founding figures of modern artificial intelligence and a pivotal force at Meta Platforms ( META ), said on Wednesday he plans to leave the company at the end of the year to launch a new AI startup. LeCun has been a key part of Meta's artificial intelligence ambitions for more than a decade. He...
Copyright 2023-2026 - www.financetom.com All Rights Reserved