Commerce Secretary Howard Lutnick is reportedly involved in deciding which companies will receive access to power at the site. Anthropic, Microsoft and Google have also spoken to Lutnick about interest in the site.
OpenAI is in discussions with Nvidia about a backstop of up to $250 billion that would help fund its plans to lease a new AI data center, CNBC confirmed. The backstop would let OpenAI raise debt for a 10 gigawatt data center campus in Pike County, Ohio, on the strength of Nvidia's credit, according to a person with knowledge of the matter.
Although NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) has been the single most important trade on Wall Street for three years running, the mood has soured as of late.
Bloomberg reported Monday morning that NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) is lining up as much as $750 billion in investments.
Shares of NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) are down 5% Monday morning to $197, leading a broad pullback across AI-hardware names after The Wall Street Journal reported that NVIDIA is in talks to guarantee up to $250 billion in financing for OpenAI's data-center buildout.
I keep buying NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) because the loudest fears on my feed are about a demand cliff that the company's own income statement refuses to confirm.
The company is continuing to back A.I. systems that can be freely used by others amid a continuing debate over the use of Chinese-made technology.
After two years in stealth, Safe Superintelligence, the AI lab founded by former OpenAI co-founder and alignment lead Ilya Sutskever, has announced a long-term partnership with Nvidia as it prepares to scale to its next phase.
Nvidia (NVDA) shares fell around 3% early Monday as investors assessed a series of artificial intelligence infrastructure deals involving OpenAI and SK Hynix. The stock traded around $198.86 after declining 0.9% in the previous session.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) is in talks to provide a roughly $250 billion financial guarantee to support OpenAI's planned data center project in Ohio, according to a Wall Street Journal exclusive report citing people familiar with the matter. The report said the proposed guarantee would help OpenAI secure a lease for a planned 10-gigawatt data center campus being developed in southern Ohio by SoftBank's energy subsidiary.
Dan Ives, Partner and Senior Managing Director at Yorkville Ives & Co., took to CNBC on July 27, 2026 to push back on the growing chorus of tech skeptics.
Nvidia is leading 36 other companies in an artificial intelligence safety coalition focused on open models. The Open Secure AI Alliance comes in the wake of a cybersecurity incident in which OpenAI models targeted tech company Hugging Face, according to a Monday (July 27) Nvidia blog post.