Jensen Huang, the CEO of Nvidia Corp., addressed the media after the company's "Japan AI Ecosystem" event in Tokyo on Thursday, July 16, 2026.
In a recent securities filing, it was disclosed that Nvidia plans to invest as much as $105 billion to finance a new artificial intelligence data center for OpenAI in Ohio. This substantial funding will initially support 4.25 gigawatts of computing power, with the possibility of adding another 3.75 gigawatts in the future. Nvidia is tasked with delivering the computing resources, with availability expected to roll out in phases beginning in 2028.
The construction and management of the data center will be handled by SB Energy, which has secured a 20-year lease agreement with OpenAI at the PORTS-Pike Technology Campus located in Pike City, Ohio. OpenAI has a vested interest in SB Energy, as its CEO, Sam Altman, was an early investor in the company.
Nvidia's Huang commented on the development, stating, "We are establishing durable infrastructure for NVIDIA compute, enabling OpenAI to implement highly productive AI factories that can be continually upgraded with each new iteration, resulting in enhanced intelligence and improved economics."
Previously, CNBC reported that Nvidia was negotiating terms with OpenAI to provide up to $250 billion as a financial safety net to facilitate the construction of a 10-gigawatt data center at the same Ohio site. However, a recent article from The Wall Street Journal indicated that Nvidia is poised to decrease its financial backing to under $120 billion for this ambitious project.



