Nvidia Cuts Its OpenAI Data-Center Backstop From $250B to Under $120B, Covering Only Phase One of the Ohio Site
Reuters / WSJ / Hacker News·high signal
The WSJ reported, and Reuters picked up on August 14, that Nvidia more than halved the financial guarantee it may extend for OpenAI's Ohio data center — from the up-to-$250B backstop discussed in late July down to less than $120B — after investors raised concerns about its risk exposure. Nvidia is now expected to guarantee only the project's first phase. The HN thread ran 214 points and 112 comments, largely reading it as the first hard limit placed on the circular vendor-financing structure underpinning 2026 AI capex.