Nvidia Halves Initial OpenAI Ohio Data Center Backstop
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- Nvidia reworked its deal to finance OpenAI's Ohio data center campus so that it would initially backstop only half of the planned $250 billion under the new proposed terms.
- The restructured agreement covers a 10-gigawatt project at the Ohio site, with the chip maker's reduced initial guarantee cutting its near-term exposure on the campus buildout.
Why it matters: Cutting Nvidia's initial guarantee to half of the $250B it had been prepared to backstop reshapes the financing risk of the 10-gigawatt OpenAI Ohio campus, lowering the chip maker's immediate outlay while leaving the total commitment — and OpenAI's ability to fund the full buildout — still unclear.
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