TECH NEWS

Nvidia investing $1.5B in SoftBank data center developer behind OpenAI project

In Brief

8:16 AM PDT · August 17, 2026

Nvidia said on Monday that it will invest $1.5 billion in SB Energy, a data center linked to SoftBank and OpenAI.

The investment ensures that Nvidia will be the sole supplier of compute infrastructure at OpenAI’s Ports-Pike data center near Cincinnati, Ohio. Nvidia will also provide up to $105 billion in credit to help build the facility, which could scale from an initial 4.25 gigawatts to 8 gigawatts in size, according to documents the company filed with the SEC.

SB Energy’s existing investors include SoftBank and OpenAI. SoftBank had previously held $5.8 billion worth of Nvidia stock, which it sold in November to help fund other AI investments.

The data center and power developer will build a 9.2 gigawatt natural gas power planton the site, which is land owned by the U.S. Department of Energy. The site previously enriched uranium...

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