Nvidia eyes investing $3 billion in SB Energy under OpenAI data centre deal
Nvidia is reportedly negotiating a potential equity infusion of up to $3 billion into SB Energy, the SoftBank Group affiliate that is spearheading a large‑scale data‑centre venture in Ohio for OpenAI, according to sources cited by The Information on Saturday.
Investment Talks
The contemplated funding would sit alongside broader discussions among Nvidia, OpenAI and SB Energy aimed at delivering roughly $100 billion of credit support for the Ohio campus. Sources say Nvidia plans to commit half of the $3 billion once the Ohio agreement is formally signed, with the remaining half tied to SB Energy’s upcoming initial public offering.
Credit Support Plan
The credit package under consideration is intended to underwrite the construction and operation of the massive data‑centre complex that OpenAI hopes to locate in the Midwest state. While the exact terms remain under negotiation, the figure of $100 billion reflects the scale of financing that the three parties are exploring.
IPO Prospects
SB Energy is targeting a public listing as early as next month and could seek to raise a minimum of $5 billion through that offering. The company, which also counts OpenAI among its backers, focuses on building large‑scale power and data‑centre infrastructure to meet the surging demand generated by artificial‑intelligence workloads.
Background on SB Energy
Founded in 2019, SB Energy has been assembling several data‑centre campuses designed to accommodate the expanding computational needs of AI applications. Its portfolio includes projects that combine energy generation with high‑density computing facilities, positioning the firm as a key player in the emerging AI‑driven data‑centre market.
Revised Guarantees
The Wall Street Journal reported on Friday that Nvidia has adjusted its earlier commitment to the Ohio project, now expected to initially guarantee less than $120 billion, a reduction from the $250 billion figure previously floated. This shift reflects a recalibration of the financing structure as the parties refine the project’s scope.
Reuters was unable to independently confirm the details of the report, and neither Nvidia nor SB Energy provided comments outside of regular business hours. The information presented reflects the latest publicly available data on the negotiations and the strategic moves by the companies involved.
Source: business-standard.com · 2026-08-16