Nvidia may guarantee $250bn to back OpenAI’s Ohio data‑center lease
Nvidia is in talks to provide a $250 billion credit guarantee for OpenAI’s 10‑gigawatt Ohio data‑center lease, letting the startup raise debt on Nvidia’s balance sheet. The deal would cover lease and construction costs, while separate chip financing could add $350 billion. Analysts warn the structure mirrors dot‑com era off‑balance‑sheet financing and creates a circular risk.