Nvidia Back OpenAI Plan

Nvidia and OpenAI are discussing a financing backstop of up to $250 billion to help OpenAI raise debt for a planned 10-gigawatt AI data center campus in Pike County, Ohio. The arrangement would use Nvidia’s credit support while OpenAI leases the infrastructure, expanding the chipmaker’s financial exposure to a major customer. The talks renewed scrutiny of circular AI financing, in which chip suppliers help fund customers that buy their products; Nvidia shares fell 4.5%. Jensen Huang is also meeting lawmakers in Washington on U.S. AI leadership as some states consider limits on new data centers.