OpenAI's Super Data Center is officially launched, with NVIDIA providing a maximum of $105 billion in funding.

According to Dynamic Beating's monitoring, OpenAI's Ohio Super Data Center has been officially contracted. This project was previously exposed, during which OpenAI was still in talks with SB Energy for a long-term lease, and NVIDIA was only considering providing a guarantee. Now, the initial phase of 4.25GW has been officially launched, and NVIDIA can still lock in the remaining approximately 3.75GW.

Previously, the two parties discussed a maximum $250 billion guarantee, with the final initial liability cap set at $105 billion. This is not a direct payment to OpenAI. NVIDIA will only need to make up the difference if OpenAI goes bankrupt, fails to pay rent, and there is still a gap after the project is re-leased or sold. OpenAI will later have to repay NVIDIA the actual amount advanced.

NVIDIA will also invest $1.5 billion in the developer SB Energy, and the park will mainly use NVIDIA's AI computing power. Jensen Huang estimates that each generation of systems deployed here could correspond to about 1.5 million GPUs, generating $150 billion to $200 billion in revenue.

Previously, there have been persistent doubts from the outside about this model being a form of "circular financing": NVIDIA underpins the infrastructure for customers, who then use the money to buy NVIDIA chips on a large scale. Jensen Huang specifically responded to this issue this time, emphasizing that NVIDIA only assumes specific rent, power, and asset residual value risks, and does not take on the entire project for OpenAI.