tech 📉 Nvidia slashes financial backing for OpenAI's Ohio campus
Nvidia has reportedly reduced its proposed financial guarantee for OpenAI’s massive Ohio data center project to under $120 billion. This change affects the 10-gigawatt campus planned by OpenAI in Pike County, Ohio. The initial proposal had involved a guarantee of around $250 billion, which was considered in late July. Investor worries over the project's financial risks prompted Nvidia to reassess its level of support. The project’s ultimate scale depends on resolving power availability and financing challenges moving forward.