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Economy

Nvidia to invest US$1.5 billion in SB Energy for Ohio AI data centres

Nvidia will invest US$1.5 billion in SoftBank-backed SB Energy and secure up to 8 gigawatts of AI computing capacity at an Ohio campus being built for OpenAI.

Source: The Business Times Singapore · August 17, 2026 at 7:27 PM · AI-assisted report

KUALA LUMPUR, 18 AUGUST 2026 —

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Nvidia will invest US$1.5 billion in SoftBank-backed SB Energy and secure up to 8 gigawatts of AI computing capacity at an Ohio campus being built for OpenAI.

Market Impact

The agreement covers the PORTS-Pike Technology Campus, where SB Energy and SoftBank plan to build at least 10 GW of new power generation and invest US$4.2 billion in Ohio grid infrastructure. The campus will start with 4.25 GW of AI data-centre capacity using Nvidia’s graphics processors and networking gear.

Analysts say the deal shows how chipmakers are financing the infrastructure their biggest customers need, a model that has boosted Nvidia’s sales but also raised concerns about circular funding flows.

SB Energy, founded in 2019 and also backed by OpenAI, develops large-scale power and data-centre projects to meet surging AI workload demand. SoftBank owns a majority stake in the company.

Related: Nvidia