Nvidia to invest $1.5b in SB Energy

Nvidia will invest $1.5 billion in SoftBank-backed SB Energy and secure up to 8 ​gigawatts of AI computing capacity at an ‌Ohio campus being built by the data centre developer for OpenAI.

The deal is the latest where Nvidia is financing ​the ecosystem consuming its chips, a strategy ​that has helped fuel demand but also drawn scrutiny over the circular flows of ​funds from the chipmaker to its biggest customers.

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Leading ​tech firms are increasingly tying together chips, power and data centre development as they race to secure the infrastructure ​needed for increasingly power-hungry AI models.

Chip giant Nvidia ​has secured land and power at Ohio’s PORTS-Pike Technology Campus ‌for an AI data centre that will use its graphics processors and networking gear, with an initial capacity of 4.25 GW.

SB Energy and SoftBank plan ​to build ​at least 10 GW of new power generation and invest $4.2 billion in Ohio ​grid infrastructure to support AI data centres.

Also ​backed by OpenAI, SB Energy develops large-scale power and data centre infrastructure projects. Founded in 2019, the company ​is building several data centre ​campuses to support rising demand tied to AI workloads.