Nvidia Corp. Chief Executive Officer Jensen Huang spoke to media members after the company’s “Japan AI Ecosystem” reception on Thursday, July 16, 2026, in Tokyo, Japan.
Kiyoshi Ota | Bloomberg | Getty Images
Nvidia Plans to provide up to $105 billion in financing for new artificial intelligence data centers. OpenAI A securities filing in Ohio revealed Monday.
This credit supports an initial 4.25 gigawatts of compute capacity with an optional 3.75 gigawatts. Nvidia will provide the computing, with capacity scheduled to come online in stages in 2028.
SB Energy will build and manage a data center at the PORTS-Pike Technology Campus in Pike City, Ohio, through a 20-year lease to OpenAI. Frontier Labs has invested in the company, and OpenAI CEO Sam Altman was also an early investor in SB Energy.
“We are ensuring long-life infrastructure for NVIDIA compute, which will enable OpenAI to deploy the most productive AI factory that can be repeatedly upgraded with each new generation, delivering more intelligence and better economics,” NVIDIA CEO Jensen Huang said in the release.
CNBC previously reported that NVIDIA is in talks with OpenAI to provide a backstop of up to $250 billion to help the model maker finance debt for a 10 gigawatt data center in Ohio.
The Wall Street Journal reported last week that Nvidia plans to cut guarantees for the buildout to less than $120 billion.
The deal is the latest in a series of Nvidia financing moves to support the sprawling expansion of AI data centers, raising concerns about circular financing in the AI trade. Last week, Nvidia partnered with six major asset managers to create a financing platform to inject $500 billion in third-party capital into data center projects.
As part of the deal with Ohio, SB Energy and SoftBank will build power sources to support 10 gigawatts of energy and invest at least $4.2 billion in regional grid infrastructure. Nvidia will invest $1.5 billion in SB Energy.
OpenAI says the new data center will support 35,000 new construction jobs and 2,500 long-term jobs by 2032.
The new data center will give OpenAI greater access to high-end chips and compute power that will be the foundation of the entire AI architecture.
OpenAI President Greg Brockman told CNBC’s “Squawk Box” on Monday that computing is a “fundamental resource” for the industry.
“Computing is really becoming the new oil, the new finite resource of the AI era,” he said.
