MEDIA-SoftBank’s $40 Billion Loan for OpenAI Stake Gets 21 New Lenders- Bloomberg News
75·ALong
n
news7/27news
*SOFTBANK’S $40B LOAN FOR OPENAI STAKE GETS 21 NEW LENDERS
75·ALong
m
meme7/27meme
Nvidia in talks to backstop $250B worth of OpenAI DC financing.
- Softbank’s SB energy develops 10 GW Ohio campus
- OpenAI signs long term lease
- $NVDA guarantees $250B in financing
- OpenAI discussing separate agreement to buy up to $350B in Nvidia chips.
Not quite sure if this circular financing is healthy long term, but given the massive size of AI infrastructure spending…
Feels like capex beneficiaries will be extremely happy.
80·ALong
n
news7/26news
Nvidia $NVDA is reportedly in talks to provide a roughly $250 billion backstop for OpenAI as part of a massive data center project in southern Ohio
The site is a 10-gigawatt campus developed by SoftBank's energy subsidiary, 50 miles south of Columbus. Total project cost, including chips, could exceed $500 billion, reportedly the largest data center project ever announced.
OpenAI has no investment-grade credit rating, Nvidia backing would let the project's developer raise debt on far better terms than OpenAI could secure alone.
Nothing is finalized. Terms could still change - WSJ
80·ALong
n
news7/26news
*NVIDIA IN TALKS TO PROVIDE $250 BILLION FINANCIAL BACKSTOP FOR OPENAI DATA CENTER IN OHIO, SOURCES SAY -- WSJ
*BACKSTOP IS PART OF OPENAI'S BID TO WORK WITH SOFTBANK ON WHAT COULD BE THE LARGEST DATA CENTER IN THE U.S., SOURCES SAY -- WSJ
*NVIDIA WOULD GUARANTEE FINANCING VEHICLES FOR DATA CENTER THAT COULD COST SOME $500 BILLION IN TOTAL, SOURCES SAY -- WSJ
$NVDA
80·ALong
n
news7/26news
*NVIDIA IN TALKS TO PROVIDE $250 BILLION FINANCIAL BACKSTOP FOR OPENAI DATA CENTER IN OHIO, SOURCES SAY -- WSJ
*BACKSTOP IS PART OF OPENAI'S BID TO WORK WITH SOFTBANK ON WHAT COULD BE THE LARGEST DATA CENTER IN THE U.S., SOURCES SAY -- WSJ
*NVIDIA WOULD GUARANTEE FINANCING VEHICLES FOR DATA CENTER THAT COULD COST SOME $500 BILLION IN TOTAL, SOURCES SAY -- WSJ
$NVDA