BREAKING: Nvidia, NVDA, has agreed to provide a more than $100 billion backstop for a massive new OpenAI data center in Ohio, per FT. Details include: 1. Nvidia will provide credit support for the "land, power and shell" for the facility capped at $105 billion 2. The data center is being developed alongside a SoftBank-led energy companies 3. Nvidia will also invest $1.5 billion into SB Energy, an energy company founded as part of the SoftBank Group in 2019 4. OpenAI plans to lease as much as 8 gigawatts of AI computing power at the data center in Pike County, Ohio, which will take until 2032 to complete This will mark one of the largest AI infrastructure deals yet.(The Kobeissi Letter)