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Nvidia Eyes $3 Billion Investment in SoftBank Subsidiary
Nvidia is in talks to invest up to US$3 billion in SB Energy, a SoftBank Group subsidiary, as part of a massive planned Ohio data centre project for OpenAI.
The proposed investment is linked to Nvidia's discussions with OpenAI and SB Energy on providing around US$100 billion in credit support for the campus, according to The Information.
Nvidia has discussed investing half of the US$3 billion when the Ohio deal is signed and the other half as part of SB Energy's planned initial public offering (IPO), which could raise at least US$5 billion next month.