OpenAI wants to build a 10 gigawatt data center in Ohio (old uranium enrichment site, built by softbank). But… They can’t get investment-grade credit on its own. So nvidia, (thank you Jensen !), will backstop up to $250b of the financing themselves. There’s a separate $350b conversation for chips on top of that. Unlimited cahs or what? So, the ‘‘Big boss of AI’’ can’t finance its own building without its chip supplier co-signing the lease like a parent on a college apartment? Brutal ! Nvidia is doing this because Openai is projected to lose close to $14b in 2026, worse than 2025. And it doesn’t stop there, power for the ohio site is federally controlled and japan already put $33b into a gas plant on that same land as part of a tariff deal. So now you’ve got one company’s data center depending on its chip vendor’s balance sheet, a foreign government’s energy investment, and a cabinet secretary’s say-so on power allocation. … There is MORE… Openai already committed $250b to microsoft azure. Nvidia already pledged up to $100b into openai with the expectation it flows back into nvidia chips. Bloomberg mapped the microsoft/openai/nvidia loop at over $800b total. Some analysts call it a virtuous circle that lines up demand ahead of time. Others say it’s exactly how dot-com vendor financing inflated revenue that vanished the second growth slowed. both can be true, the future will tell us. Meanwhile, France did the opposite. They committed 109 billion euros at the 2025 AI summit, stood up their own site in bruyères-le-châtel running on nvidia GPUs but operated by mistral, no foreign vendor owns the pipes. And now Microsoft is literally leasing capacity ON that french infrastructure as of a deal this july. The hyperscaler became the tenant. Southeast asia is doing the rental version at smaller scale, most of that data center growth (projected $30b+ by 2030) is foreign-built and foreign-owned too, so even where the market’s growing fast, the people who own the racks are the ones setting the terms. What is going on here ? submitted by /u/remybigot
Originally posted by u/remybigot on r/ArtificialInteligence
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