OpenAI is negotiating to lease a proposed data center campus on federal land in southern Ohio to be developed by SB Energy (a SoftBank unit), with a 20-year lease and payments starting once operations begin; the first phase is expected in 2028.
The campus could cost at least $500 billion to build based on current prices for chips, labour, power and other inputs. Nvidia is expected to supply hardware and provide a financial guarantee for OpenAI's lease and SB Energy's financing.
Earlier this year, OpenAI paused its proposed 'Stargate' data centre project in the UK, citing regulatory hurdles and high energy costs.
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