Nvidia logo is seen in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

• Companies

• NVIDIA CorpFollow

• Openai LLCFollow

• SoftBank Group Corp.Follow

Aug 14 (Reuters) - Nvidia (NVDA.O), opens new tab has revised its plans to support a proposed OpenAI data center project in Ohio ​and is now expected to initially guarantee less ‌than $120 billion, down from the $250 billion previously discussed, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.

• The ​Journal said Nvidia and OpenAI are nearing an ​agreement, with the chipmaker expected to provide a ⁠financial backstop only for the first phase of the ​project. A deal could be signed as early as this ​weekend, according to the report.
• The change was made after investors raised concerns about Nvidia's risk exposure tied to large financing commitments, ​the newspaper said.
• This came after Nvidia on Monday partnered ​with six major financial institutions to launch compute financing platforms aimed at ‌raising ⁠over $500 billion in third-party capital for AI infrastructure.
• OpenAI is still discussing a binding lease for the full 10-gigawatt project in Ohio, WSJ said. The site is being ​developed by SB ​Energy, a ⁠subsidiary of SoftBank (9984.T), opens new tab, and would be the largest data center project announced to date if ​completed.
• Nvidia did not immediately respond to a request ​for ⁠comment outside regular business hours. OpenAI declined to comment.
• The project would help OpenAI move toward owning AI infrastructure, although ⁠its ​ability to fund large-scale commitments remains ​under scrutiny because the company is unprofitable despite a valuation of $852 billion.

Reporting ​by Mrinmay Dey in Mexico City; Editing by Tom Hogue