The AI Daily Brief · Monday, July 27, 2026
The Wall Street Journal reports that Nvidia is in discussions to provide a $250 billion debt backstop for OpenAI's data center construction in Ohio. This financial backing from Nvidia aims to help OpenAI secure more favorable debt terms for the project, which is reportedly being developed by SoftBank and could cost up to $500 billion.
“Nvidia is preparing to step in and lend their balance sheet to underwrite construction.”
“The deal would see Nvidia provide a $250 billion dollar backstop to OpenAI in support of their 10 gigawatt data center campus currently under construction in Ohio.”
“The project is being developed by SoftBank and could cost as much as $500 billion.”