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

Nvidia is investing $1.5 billion in SB Energy, a data center developer backed by SoftBank and OpenAI, and will serve as the sole supplier of computing infrastructure for a new data center project near Cincinnati, Ohio. Nvidia will also provide up to $105 billion in credit to help build and expand the facility from an initial 4.25 gigawatts to 8 gigawatts. The facility will be powered by a $33 billion natural gas power plant on land owned by the U.S. Department of Energy. This investment matters because it signals major capital commitments to support large-scale AI infrastructure, though the rising costs of natural gas power plants and increased competition for natural gas supply could have broader economic effects.