Nvidia will invest $1.5 billion in SoftBank-backed SB Energy as part of an agreement to secure up to 8 gigawatts of artificial intelligence computing capacity for OpenAI at a technology campus in Ohio.
According to the report, the investment is part of a broader effort to expand the infrastructure needed to support the rapidly growing demand for AI computing.
SB Energy and SoftBank plan to build at least 10 gigawatts of new power generation and invest approximately $4.2 billion in Ohio's electricity grid to support the planned data center expansion.
The report said Nvidia's investment follows a growing strategy in which the chipmaker helps finance customers and infrastructure projects that use its technology.
That approach has attracted scrutiny over potential circular flows of capital, particularly as major technology companies increasingly invest in one another to fund the enormous costs of AI infrastructure.
Related Tweet:
Breaking: OpenAI signed a lease with SoftBank’s SB Energy for an Ohio data center that’s expected to be one of the largest to date. The deal is partly backed by Nvidia. https://t.co/pisK2xPi3J
— The Wall Street Journal (@WSJ) August 17, 2026
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