Nvidia in talks to backstop $250bn of OpenAI’s data-centre financing

Nvidia is reportedly in talks to guarantee about $250bn of financing for OpenAI, a backstop that would let the ChatGPT maker fund a vast new data centre without the investment-grade credit rating such borrowing normally demands. The arrangement was described by the Wall Street Journal on July 26, and neither company has confirmed it. The guarantee […] This story continues at The Next Web