Nvidia and OpenAI in talks for up to $250 billion dollar backstop to fund AI infrastructure plans

OpenAI is negotiating with Nvidia for a $250 billion financial guarantee (a promise to back loans if OpenAI cannot pay them) to help build a massive 10-gigawatt AI data center in Ohio. The guarantee would cover construction and lease costs for the facility, which could cost over $500 billion total and would require power equivalent to what 8 million U.S. households use annually.