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 (Anissa Gardizy/Wall Street Journal)
Nvidia reportedly reduced its initial guarantee for OpenAI’s Ohio data center financing, reshaping a massive AI infrastructure backstop.
Excerpt
<a href="https://www.wsj.com/tech/nvidia-downsizes-plans-for-250-billion-guarantee-of-openai-data-center-b56c38d3?st=4Kyavg&reflink=desktopwebshare_permalink"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260814/i30.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260814/p30#a260814p30" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Anissa Gardizy / <a href="https://www.wsj.com/">Wall Street Journal</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.wsj.com/tech/nvidia-downsizes-plans-for-250-billion-guarantee-of-openai-data-center-b56c38d3?st=4Kyavg&reflink=desktopwebshare_permalink">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</a></b></span> — Under new proposed terms, the chip maker would initially backstop only half of the 10-gigawatt project</p>
Read at source: https://www.techmeme.com/260814/p30#a260814p30