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FinanceNvidia in talks with OpenAI to guarantee $250 billion financing for data centre: Report
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According to a Wall Street Journal report, Nvidia is in discussions to provide approximately $250 billion in financing to OpenAI as part of a massive data centre project. The project, a 10-gigawatt facility being developed by SoftBank's energy subsidiary in southern Ohio, would be leased by OpenAI, which has been in advanced talks for several weeks. The power for the project is controlled by the U.S. government and funded separately by Japan under a recent trade deal, with U.S. Commerce Secretary Howard Lutnick involved in deciding who will receive access. Other tech companies including Anthropic, Microsoft, and Google have also expressed interest. Reuters could not independently verify the report, and Nvidia, OpenAI, and the U.S. Commerce Department did not respond to requests for comment.
Source report
OpenAI, which has been in advanced talks for several weeks to lease the site, is among the companies showing the strongest interest in the project, per the report.
Updated - July 29, 2026 11:18 am IST
Reuters
Nvidia is in talks to provide approximately $250 billion in financing for OpenAI as part of a massive data centre project, The Wall Street Journal reported on Sunday.
According to the newspaper, citing people familiar with the matter, the guarantees from Nvidia would help the ChatGPT maker lease a 10-gigawatt project currently being developed by SoftBank’s energy subsidiary in southern Ohio.
The report added that the power for the project is controlled by the U.S. government and funded separately by Japan under a recent trade deal. U.S. Commerce Secretary Howard Lutnick has been involved in deciding who will receive access to the power.
Reuters could not immediately verify the report. Nvidia, OpenAI and the U.S. Commerce Department did not respond to requests for comment outside regular business hours.
The report also noted that OpenAI has been in advanced talks for several weeks to lease the site and is among the companies showing the strongest interest in the project. Anthropic, Microsoft and Google have also spoken to Lutnick in recent weeks.
Published - July 27, 2026 09:31 am IST
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Nvidia in talks with OpenAI to guarantee $250 billion financing for data centre: Report