OpenAI in talks with Nvidia for $250 billion AI infrastructure backstop

OpenAI is negotiating with Nvidia for a backstop of up to $250 billion to fund a new 10-gigawatt AI data center in Pike County, Ohio. This backstop would enable OpenAI to raise debt for the project's lease and construction, although it does not cover Nvidia chips, which are being discussed separately. The total cost for the data center campus could exceed $500 billion. The outcome of these discussions is significant for investors as it could bolster OpenAI's ability to compete in the rapidly evolving AI market, where major players are investing heavily.