Nvidia in talks to backstop $250 billion for OpenAI's Ohio mega campus
The Wall Street Journal reported on July 26, 2026 that Nvidia is in talks to backstop roughly $250 billion in financing for OpenAI, letting it lease a 10-gigawatt campus that SoftBank's SB Energy is developing in Piketon, Ohio, with the first 800-megawatt phase expected in 2028. The companies are also discussing separate financing for up to $350 billion in OpenAI chip purchases, which could push the total project past $500 billion, the largest data center project announced to date. The talks are not finalized and could still fall through.