{"id":741429,"date":"2026-07-28T08:55:16","date_gmt":"2026-07-28T05:55:16","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/nvidia-in-talks-to-guarantee-250bn-of-openai-data-centre-debt\/"},"modified":"2026-07-28T08:55:16","modified_gmt":"2026-07-28T05:55:16","slug":"nvidia-in-talks-to-guarantee-250bn-of-openai-data-centre-debt","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nvidia-in-talks-to-guarantee-250bn-of-openai-data-centre-debt\/","title":{"rendered":"Nvidia in talks to guarantee $250bn of OpenAI data centre debt"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af9bc17680fd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af9bc17680fd\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nvidia-in-talks-to-guarantee-250bn-of-openai-data-centre-debt\/#What_the_money_covers\" >What the money covers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/nvidia-in-talks-to-guarantee-250bn-of-openai-data-centre-debt\/#Why_the_site_is_political\" >Why the site is political<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/nvidia-in-talks-to-guarantee-250bn-of-openai-data-centre-debt\/#The_circularity_problem\" >The circularity problem<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/nvidia-in-talks-to-guarantee-250bn-of-openai-data-centre-debt\/#A_structure_with_precedent\" >A structure with precedent<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/nvidia-in-talks-to-guarantee-250bn-of-openai-data-centre-debt\/#What_OpenAI_gets_out_of_it\" >What OpenAI gets out of it<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/nvidia-in-talks-to-guarantee-250bn-of-openai-data-centre-debt\/#The_scale_question\" >The scale question<\/a><\/li><\/ul><\/nav><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/media.thenextweb.com\/2026\/05\/nvidia-photonics-investment-copper-bottleneck-ai-data-centre.avif\" \/><\/p>\n<div id=\"article-main-content\">\n<p>Nvidia is in talks to provide roughly $250 billion in financing guarantees for OpenAI, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The backstop would let OpenAI lease a 10-gigawatt campus in southern Ohio that SoftBank\u2019s energy subsidiary is developing.<\/p>\n<p>The reason such a guarantee is needed is straightforward: OpenAI does not have an investment-grade credit rating. Nvidia\u2019s balance sheet would effectively stand in for one, letting lenders price the debt against the chipmaker\u2019s credit rather than the borrower\u2019s.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_the_money_covers\"><\/span>What the money covers<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The $250 billion figure <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lies to the data centre lease and construction debt, not to the Nvidia chips that will fill the building. Those are the subject of a separate discussion, with the Journal reporting chip purchase financing that could reach a further $350 billion.<\/p>\n<p>The whole project is expected to cost more than $500 billion including silicon. Its first phase, around 800 megawatts, is due for completion in 2028.<\/p>\n<p>Nvidia\u2019s backing would support financing vehicles designed to reassure lenders about the project\u2019s funding. Reuters said it could not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely verify the report, and Nvidia, OpenAI, and the US Commerce Department did not respond to requests for comment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_the_site_is_political\"><\/span>Why the site is political<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"inarticle-wrapper channel-cta\">\n<div class=\"ica-text\">\n<p class=\"ica-text__title\">TNW City Coworking space &#8211; Where your best work happens<\/p>\n<p>A workspace designed for growth, collaboration, and endless networking opportunities in the heart of tech.<\/p>\n<\/div>\n<\/div>\n<p>The power for the Ohio campus is controlled by the US government and funded separately by Japan under a recent trade deal, tied to Tokyo\u2019s pledge to invest $33 billion in a natural gas plant. Commerce Secretary Howard Lutnick is involved in deciding who gets access.<\/p>\n<p>OpenAI has been in advanced talks for the site for several weeks and is among the keenest bidders. Anthropic, Microsoft, and Google have also approached Lutnick in recent weeks, according to the Journal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_circularity_problem\"><\/span>The circularity problem<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Michael Burry, the investor known for shorting the housing market before 2008, posted on X: \u201cAround and around we go. Nvidia to guarantee $200 billion of ChatGPT\u2019s spending on $NVDA chips.\u201d He had added to his Nvidia short position on Friday at $210.28.<\/p>\n<p>Tech commentator Ed Zitron was blunter, calling it \u201csuch an insane thing to do on so many levels and about as bearish as it gets, especially considering it is being built by SoftBank.\u201d Both were reacting to the same structural feature: a chip supplier underwriting its customer\u2019s ability to keep buying chips.<\/p>\n<p>Nvidia has already committed more than $40 billion to AI equity positions, including roughly $30 billion in OpenAI.\u00a0Its investment in Ilya Sutskever\u2019s Safe Superintelligence is arguably the purest version of the pattern, in which Nvidia funds companies that then spend the money on Nvidia hardware.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"A_structure_with_precedent\"><\/span>A structure with precedent<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Vendor guarantees on data centre obligations are no longer unusual, though the scale here is.\u00a0Google has guaranteed roughly $44 billion of other companies\u2019 data centre rent, a figure the proposed Nvidia backstop would exceed by nearly six times.<\/p>\n<p>OpenAI\u2019s own capital structure has become increasingly layered.\u00a0Eight banks are now backing SoftBank\u2019s record $40 billion OpenAI loan, and SoftBank has separately sought margin lending secured against its OpenAI stake.<\/p>\n<p>Much of this obligation sits outside conventional debt disclosure.\u00a0Research has put Big Tech\u2019s off-balance-sheet AI commitments at around $1.65 trillion, with Meta alone accounting for roughly $420 billion, nearly <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>le its reported debt.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_OpenAI_gets_out_of_it\"><\/span>What OpenAI gets out of it<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For OpenAI, the deal would be a first move towards owning its compute rather than renting it from Microsoft, Amazon, and Oracle. Control over infrastructure is the difference between negotiating capacity and dictating it.<\/p>\n<p>For Nvidia, the calculation is demand certainty. Guaranteeing the building locks in years of chip orders from a customer that would otherwise struggle to finance them, which is precisely why critics find the arrangement uncomfortable.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_scale_question\"><\/span>The scale question<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>AI infrastructure spending is set to exceed $700 billion this year, and the industry is expected to spend more than $3 trillion through 2028 on data centres, much of it financed against the chips inside them.\u00a0The central risk is not that AI fails to matter, but that the buildout overshoots demand\u00a0or that returns get competed away faster than the debt amortises.<\/p>\n<p>Nothing has been signed. The Journal noted the talks about the site and its financing remain in progress and subject to change, which for a $250 billion guarantee is a considerable caveat.<\/p>\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" target=\"_blank\" >Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/nvidia-openai-250-billion-backstop-ohio-data-centre\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nvidia is in talks to provide roughly $250 billion in financing guarantees for OpenAI, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The backstop would let OpenAI lease a 10-gigawatt campus in southern Ohio that SoftBank\u2019s energy subsidiary is developing. The reason such a guarantee is needed is straightforward: OpenAI&#8230;<\/p>\n","protected":false},"author":1,"featured_media":741430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/media.thenextweb.com\/2026\/05\/nvidia-photonics-investment-copper-bottleneck-ai-data-centre.avif","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-741429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/741429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=741429"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/741429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/741430"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=741429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=741429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=741429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}