Nvidia is reported to have reduced the initial backstop for OpenAI's Ohio project to under $120B

Reuters, citing the Wall Street Journal, reported on August 15 that Nvidia is nearing an arrangement with OpenAI but would initially provide under $120 billion of financial backing only for the first phase of a southern Ohio project developed by SoftBank subsidiary SB Energy, below the previously reported roughly $250 billion. OpenAI is still discussing a binding lease for the full 10GW project; this does not establish an executed guarantee, a full-project lease, or approved, built or available 10GW capacity.