Nvidia scales back funding guarantee for Ohio OpenAI data centre: WSJ

Nvidia has revised its plans to support ​a proposed OpenAI data ​center project in Ohio and is now ​expected to initially guarantee less than $120 billion, down from the $250 billion previously discussed, the Wall Street Journal reported on Friday, citing ‌people familiar ⁠with ⁠the matter.

The Journal said 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, according to the report.

The change ⁠were made ‌after investors raised concerns about Nvidia’s ​risk exposure ​tied to large financing commitments, the newspaper ⁠said.