Nvidia is reportedly in negotiations to invest as much as $3 billion in SB Energy, a SoftBank subsidiary working on a large-scale data center project for OpenAI in Ohio. This investment is part of a wider effort to secure around $100 billion in credit for the campus.
SB Energy, which is also backed by OpenAI, is planning an IPO soon to support its growing infrastructure development for AI workloads.
Nvidia Reportedly Eyes $3 Billion Investment in SoftBank's SB Energy for OpenAI Data Center Project
NVIDIA CEO Jensen Huang speaks at the NVIDIA GTC global AI conference in San Jose, California, U.S. March 16, 2026. Credit: Fred Greaves | Reuters
Nvidia is reportedly in advanced talks to invest up to $3 billion in SB Energy, a subsidiary of SoftBank Group Corp. This significant investment is tied to a massive planned data center project in Ohio that will be developed for OpenAI, according to a report by The Information. The proposed funding is a crucial component of broader discussions involving Nvidia, OpenAI, and SB Energy to secure approximately $100 billion in credit support for the ambitious Ohio data center campus.
The Information suggests that Nvidia's investment could be structured in two tranches: half upon the signing of the Ohio project deal and the remaining half as part of SB Energy's anticipated initial public offering (IPO). SB Energy is reportedly aiming for an IPO as early as next month, with expectations to raise at least $5 billion.
SB Energy, which also receives backing from OpenAI, specializes in developing large-scale power and data center infrastructure. Founded in 2019, the company is actively constructing multiple data center campuses to meet the escalating demand driven by AI workloads.
This news follows a Wall Street Journal report from Friday indicating that Nvidia has revised its commitment to the OpenAI data center project in Ohio. The initial guarantee is now expected to be less than $120 billion, a reduction from the previously discussed $250 billion.
Reuters has not independently verified the report. Nvidia and SB Energy did not immediately respond to requests for comment outside of regular business hours.
Key Takeaways:
Nvidia is considering a $3 billion investment in SB Energy.
The investment is linked to a major OpenAI data center project in Ohio.
This is part of a larger $100 billion credit support initiative.
SB Energy, backed by SoftBank and OpenAI, is preparing for an IPO.
Nvidia has reportedly revised its financial commitment to the project.
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