NVIDIA IN TALKS WITH OPENAI TO GUARANTEE $250 BILLION FINANCING FOR DATA CENTER

Summary from the TLDR newsletter

Nvidia is in talks to provide a roughly $250 billion backstop for OpenAI as part of a massive data-center project. The guarantee will help OpenAI lease a 10-gigawatt project that Softbank's energy subsidiary is developing. Nvidia's backing allows the data center developer to raise debt at more favorable terms. Under the deal, Nvidia would guarantee a series of financing vehicles intended to make lenders feel more confident that funding behind the project is secure.