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Nvidia in talks to invest up to $3B in SoftBank-backed data center developer SB Energy that aims to IPO soon and is behind a huge OpenAI campus in Ohio

Nvidia is in talks to invest as much as $3 billion in SB Energy, the Softbank Group-backed developer of a massive planned Ohio …

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Nvidia in talks to invest up to $3B in SoftBank-backed data center developer SB Energy that aims to IPO soon and is behind a huge OpenAI campus in Ohio

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The Information — Nvidia in talks to invest up to $3B in SoftBank-backed data center developer SB Energy that aims to IPO soon and is behind a huge OpenAI campus in Ohio ↗

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Aug 15Aug 17

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Wall Street Journal: Sources: Nvidia has reworked a deal to finance an OpenAI Ohio data center campus so that it would initially guarantee only half of its planned $250B backstop

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Bloomberg: Filing: Nvidia agrees to spend up to $105B to support SB Energy's new Ohio data center campus OpenAI is set to lease; Nvidia agrees to invest $1.5B in SB Energy

The Information: Nvidia is in talks to invest in Perplexity's new equity round valuing it at $30B+; Nvidia considered a tech licensing deal and hiring some of its staff

Bloomberg: London-based AI infrastructure startup Nscale is in talks to raise as much as $3.5B in financing, including $2B from Nvidia, ahead of a planned IPO

Wall Street Journal: IPO documents: SoftBank's SB Energy plans to file for an IPO as soon as this week, aiming to raise $5B to $7B, and has awarded OpenAI warrants worth ~$5.5B

CNBC: Nvidia's $500B funding package announcement for AI infrastructure follows SEC's July guidance that confirmed looser restrictions for data center securitizations

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