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Nvidia Cuts Funding Guarantee for OpenAI Ohio Data Center Project
Nvidia has revised its plans to support OpenAI's proposed data center project in Ohio. The chipmaker will now initially guarantee less than $120 billion, down from the previously discussed $250 billion.
The change was made after investors raised concerns about Nvidia's risk exposure tied to large financing commitments.
Nvidia and OpenAI are nearing an agreement, with the chipmaker expected to provide a financial backstop only for the first phase of the project. A deal could be signed as early as this weekend.