Nvidia caps OpenAI’s Ohio lease guarantee exposure at US$105 billion
Nvidia entered into multiple residual-value guarantee agreements with SB Energy on August 17, setting a cumulative US$105 billion cap for its initial support of 4.25 IT-GW of OpenAI leases. The obligations would cover a shortfall only after specified OpenAI defaults, while Nvidia will separately invest US$1.5 billion in the developer.