OpenAI negotiates massive Ohio data center lease with Nvidia backing, eyeing $500B investment

OpenAI Eyes 10-Gigawatt Ohio Mega Campus With Nvidia Backing

OpenAI is weighing a long-term lease for a massive data center complex in southern Ohio, a move that could deepen its infrastructure push as demand for AI computing keeps climbing. OpenAI is looking at renting capacity at a proposed 10-gigawatt campus on U.S. government land, according to a report by The Information and Reuters. The site would be built by SB Energy, which is part of SoftBank, on Department of Energy land in Ohio. The Information's report put the potential construction bill at $500 billion or more, using current assumptions for chips, labor, electricity and other inputs. Under the framework, OpenAI would oversee the gear installed at the location under a 20-year agreement, with lease payments beginning once the facility is up and running. The first stage of operations is targeted for 2028. Nvidia is expected to provide the computing hardware and also offer a financial backstop connected to OpenAI's lease obligations and SB Energy's funding plan, the report said. OpenAI previously paused a separate data center plan in the U.K, pointing to regulatory issues and elevated power costs. OpenAI also recently submitted a confidential draft registration statement on Form S-1 to the SEC, although the company has not formally submitted a timeline for its IPO. This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

OpenAI in talks to lease 10 gigawatt Ohio data center with Nvidia backing- The Information By Investing.com

Investing.com -- OpenAI is in advanced negotiations to lease a proposed 10 gigawatt data center campus on federal land in Ohio with potential backing from Nvidia, The Information reported on Tuesday. The campus would be among the largest of its kind. The total cost of the facility could reach at least $500 billion if fully built out, based on current prices for chips, labor, power and other materials, The Information reported, citing people with direct knowledge of the discussions. OpenAI would control the equipment in the facility under a long-term lease. The company would be responsible for payments once the project starts operations. The first phase is expected to begin in 2028, the report said. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.