Nvidia is in talks to invest up to $3 billion in SB Energy, a SoftBank-backed company building an Ohio data center for OpenAI, according to reporting by The Information.
The investment is part of Nvidia's negotiations to provide $100 billion in credit support for the project.
Nvidia would contribute half the investment upon deal completion and the other half through SB Energy's planned initial public offering.
What happened
Nvidia is in discussions to invest up to $3 billion in SB Energy, a SoftBank-backed firm building a data center in Ohio for OpenAI. The investment is part of broader negotiations in which Nvidia would provide $100 billion in credit support for the project.
Why it matters
The deal reflects Nvidia's deep involvement in funding the infrastructure needed to run advanced AI systems. Data centers are capital-intensive, and Nvidia's willingness to commit substantial equity and credit suggests confidence in the scale of demand for AI computing power.
What to watch
Nvidia is considering investing half the $3 billion immediately upon deal finalization and the other half as part of SB Energy's planned initial public offering, which could raise at least $5 billion. Neither Nvidia, OpenAI, nor SB Energy has confirmed the discussions.
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Nvidia's involvement in data center financing underscores the growing scale of infrastructure required to support large language models and advanced AI systems. Rather than simply selling chips, Nvidia is now participating directly in the funding of the facilities where those chips will operate—a shift that reflects both the capital intensity of modern AI infrastructure and Nvidia's central position in the AI supply chain.
The structure of the proposed deal—with half the equity invested at deal close and the remainder tied to SB Energy's IPO—suggests Nvidia is managing its capital exposure while maintaining a stake in the company's long-term growth. SB Energy's plan to raise at least $5 billion through a public offering indicates confidence among backers that the Ohio facility represents a significant, investable asset in the competitive landscape for AI infrastructure.
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