OpenAI Locks In Lease for Huge Data Center in Ohio With Backing From Nvidia

Massive Ohio AI campus to run solely on Nvidia chips, with 8 GW capacity planned

The tech sector is getting creative in its hunt for new capital, with AI chipmaker Nvidia entering $500 billion in partially backstopped agreements last week with private equity firms to support what they're calling a new "asset class" for computing power.

Leading technology firms are increasingly tying ‌together chips, power and data centre development as they race to meet soaring AI demand

Shares of Nvidia (NVDA) stayed flat in morning trade on Monday after the company announced a $1.5 billion investment in SB Energy and a 4.25 gigawatt infrastructure agreement for a data center campus in Ohio where OpenAI will be the primary tenant.