Nvidia is in talks to invest as much as $3 billion in SB Energy, a SoftBank subsidiary developing a massive planned Ohio data center project for OpenAI.
The proposed investment is part of Nvidia's discussions with OpenAI and SB Energy on providing around $100 billion in credit support for the planned Ohio data center campus.
Nvidia has discussed investing half of the $3 billion when the Ohio project deal is signed and the other half as part of SB Energy's planned initial public offering.
SB Energy is aiming to go public as soon as next month and could raise at least $5 billion in the IPO.
SB Energy, which is also backed by OpenAI, develops large-scale power and data center infrastructure projects.
The Wall Street Journal reported that Nvidia has revised its plans to support the proposed OpenAI data center project in Ohio and is now expected to initially guarantee less than $120 billion.
