[NVIDIA to Invest $1.5 Billion in SoftBank's SB Energy, Which Will Sign a 20-Year Lease Agreement with OpenAI] BlockBeats News, August 17: NVIDIA announced it will invest $1.5 billion in SoftBank's SB Energy and secure the Ports-Pike Technology Park in Ohio exclusively for its AI computing operations. Under the agreement, SB Energy will operate the data center under a 20-year lease agreement with OpenAI, which will be the customer for the project's 8 IT gigawatt capacity. NVIDIA will provide credit support for the project's initial 4.25 IT gigawatt phase and retain the option to expand capacity by an additional 3.75 IT gigawatts. The Ports-Pike project is expected to create tens of thousands of jobs and establish an $80 million community fund, with OpenAI contributing an additional $40 million to the community welfare fund. Meanwhile, market reports indicate that following the deal with NVIDIA, Groq's valuation in its latest funding round has reached $3.5 billion.