Nvidia is in talks to invest up to $3 billion into SoftBank backed infrastructure firm SB Energy. The move aims to supply power and facilities for OpenAI in Ohio as part of a $100 billion data center push. But the final financial commitments still depend on formal contract terms and an upcoming public stock offering.
According to a report from The Information, the transaction could roll out in 2 separate stages. Nvidia plans to allocate $1.5 billion upon signing the Ohio project deal, followed by another $1.5 billion during the SB Energy initial public offering. SB Energy hopes to secure at least $5 billion during its market debut later this year. This capital forms a primary pillar of the massive compute campus planned for OpenAI workloads.
Running next generation artificial intelligence models takes massive amounts of electricity. The AI race is expanding beyond raw GPU silicon and moving straight into high voltage power grids. SB Energy, founded in 2019, builds large scale power setups and specialized facilities designed for giant compute loads. Nvidia has also been pushing an 800 VDC power standard to handle gigawatt scale facilities, pulling hardware suppliers like Delta Electronics and LiteOn into its power ecosystem.
The Wall Street Journal recently reported that Nvidia scaled back its initial financing guarantees for the Ohio campus to under $120 billion, down from an earlier proposed figure of $250 billion. Even with that adjustment, the chipmaker continues spending heavily across the AI sector. Research from Bank of America analyst Vivek Arya shows Nvidia has committed roughly $70 billion in equity investments to key partners. That includes $30 billion into OpenAI, up to $10 billion into Anthropic, and $5 billion into Safe Superintelligence.
Wall Street attention now turns to the upcoming quarterly earnings release. Nvidia expects revenue of roughly $91 billion, with a margin of error of 2%. That represents a 95% jump compared to the same period last year. Data center sales will continue to make up the vast majority of that total revenue as tech giants keep buying AI hardware.
