Massive OpenAI $250B Nvidia AI Data Centre Deal

News Clip1:02Wallet & Wire·OH·7/27/2026

OpenAI and Nvidia are reportedly discussing a $250 billion financing guarantee to back a massive AI data center project in Southern Ohio, with total costs potentially exceeding $500 billion. The facility aims to deliver 800 megawatts by 2028, eventually reaching 10 gigawatts. This project highlights the growing competition among tech giants for AI computing power.

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OpenAI and Nvidia are reportedly in talks regarding a significant financing guarantee, estimated at $250 billion, to facilitate a massive AI data center project located in Southern Ohio. The Wall Street Journal reports that the total development cost could surpass $500 billion, positioning it as one of the largest AI infrastructure investments ever proposed globally. This ambitious undertaking, being developed by a subsidiary of SoftBank, is projected to deliver 800 megawatts of power by 2028 in its initial phase, with an ultimate goal of reaching 10 gigawatts of computing capacity.

For OpenAI, this deal represents a strategic move to reduce its reliance on third-party cloud providers, while for Nvidia, it aims to secure long-term demand for its advanced AI chips. Beyond the primary partners, major tech entities such as Microsoft, Google, and Anthropic have also reportedly expressed interest in participating in or utilizing the project. This colossal data center underscores the accelerating global competition among technology leaders to acquire and build the necessary computing infrastructure to support the next generation of artificial intelligence advancements.