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- Nvidia may invest up to $3 billion in SoftBank’s SB Energy for OpenAI data center: Report
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Nvidia may invest up to $3 billion in SoftBank’s SB Energy for OpenAI data center: Report
TOI Tech Desk / TIMESOFINDIA.COM / Aug 16, 2026, 17:14 IST
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Nvidia may invest up to $3 billion in SoftBank’s SB Energy for OpenAI data center: Report
Jensen Huang-led Nvidia is reportedly in talks to invest as much as $3 billion in SB Energy, a SoftBank Group subsidiary developing a massive planned Ohio data center project for OpenAI, reports The Information citing people familiar with the discussions. As per the report, the proposed investment is part of Nvidia’s talks with OpenAI and SB Energy on providing around $100 billion in credit support for the planned Ohio data center campus. It further states that the chip maker has discussed investing half of $3 billion in the project once the deal is signed. The remaining half will be tied to SB Energy’s planned initial public offering.The SB Energy firm is backed by ChatGPT-maker OpenAI. It is planning to go public in September this year, and is expected to raise at least $5 billion in the IPO, the report added. The company was founded in 2019 and develops large-scale power and data center infrastructure projects. It is building several data center campuses to support rising demand tied to AI workloads.The Wall Street Journal reported last week that Nvidia had scaled back its Ohio guarantee to under $120 billion, down from an earlier $250 billion figure.
Nvidia discloses $21 billion stake in SpaceX
In another news, Nvidia has disclosed that it owns nearly 123 million shares in SpaceX, the space company owned by Elon Musk. The stake was worth almost $21 billion at the end of June, but has since fallen to about $17 billion as SpaceX shares dropped sharply following its June initial public offering.The disclosure sheds light on Nvidia’s investment in xAI, which was completed in January, shortly before Musk combined the AI lab with SpaceX. It also highlights Nvidia chief Jensen Huang’s efforts to use the financial strength of the $5.5 trillion company to build financial links across the AI industry, including with some of its biggest customers.Get the latest technology news and updates. Download the TOI App.
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