Key insights
- OpenAI is reportedly in advanced talks to lease a massive 10 GW data center in Ohio, potentially with backing from Nvidia. This significant investment in AI infrastructure, with a projected cost of $500 billion if fully built, signals strong demand for AI processing power. The news is bullish for Nvidia (NVDA) as a key supplier and for the broader semiconductor and technology sectors, indicating continued growth and investment in AI development.
Investing.com -- OpenAI is in advanced negotiations to lease a proposed 10 gigawatt data center campus on federal land in Ohio with potential backing from Nvidia, The Information reported on Tuesday.
The campus would be among the largest of its kind. The total cost of the facility could reach at least $500 billion if fully built out, based on current prices for chips, labor, power and other materials, The Information reported, citing people with direct knowledge of the discussions.
OpenAI would control the equipment in the facility under a long-term lease. The company would be responsible for payments once the project starts operations. The first phase is expected to begin in 2028, the report said.
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