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Nvidia plans to invest $3B in SB Energy
Nvidia is negotiating an investment of up to $3 billion in SoftBank's SB Energy group, with the aim of developing a massive data center complex in Ohio to support the computing power needed to run AI models, particularly for OpenAI projects. The total funding for the project is expected to reach $100 billion, with an initial payment upon signing the agreement and a second payment tied to the upcoming initial public offering (IPO) of SB Energy, scheduled for next month, which aims to raise around $5 billion. This move comes amidst escalating competition among tech companies for AI infrastructure, as Nvidia considers lowering its projected financial guarantees to under $120 billion, down from previous estimates close to $250 billion, in response to the growing demand for high-performance and energy-efficient computing.
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