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Nvidia Narrows Guarantees While Rolling Out $500 Billion‑Plus AI Compute Financing Platform

Institutional investors will absorb construction and asset‑value risk as Nvidia offers limited residual support to unlock large AI data‑center finance.

Overview

  • Nvidia said it has teamed with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to build an independent compute‑financing platform that aims to mobilize more than $500 billion of third‑party capital and to treat AI compute as an investable asset.
  • The company said it may provide up to 25% residual‑value support on selected projects to reduce lender concerns about future GPU and system obsolescence, while partners will independently underwrite each deal.
  • Reporting shows Nvidia has materially scaled back its direct guarantees for the planned OpenAI‑linked Ohio data‑center project from an initially reported $250 billion to under about $120 billion, with a smaller guarantee expected to cover a roughly 5 GW first phase and OpenAI still pursuing a binding 10 GW lease.
  • The Information reports Nvidia is also negotiating up to a $3 billion investment into SB Energy as part of three‑way talks to support the Ohio build; Goldman and Morgan Stanley are serving as advisors on parts of the transaction.
  • OpenAI has dismantled its central risk‑prevention team while preparing for an IPO, a governance shift that changes how model and safety risk will be folded into commercial financing decisions and could speed deal timelines while drawing investor scrutiny.