LIVEWatch Now: Bonds back in focus as ETF investors focus on flows and the Fed decision Nvidia and OpenAI in talks for up to $250 billion dollar backstop to…
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Source: CNBC
LIVE[Watch Now: Bonds back in focus as ETF investors focus on flows and the Fed decision](https://www.cnbc.com/etf-edge-live/)
Nvidia and OpenAI in talks for up to $250 billion dollar backstop to fund AI infrastructure plans
Key Points
* OpenAI is in discussions with Nvidia about a backstop of up to $250 billion that would help fund its plans to lease a new AI data center, CNBC confirmed. * The backstop would let OpenAI raise debt for a 10 gigawatt data center campus in Pike County, Ohio, on the strength of Nvidia’s credit, according to a person with knowledge of the matter. * The talks about the site and its financing are in progress and still subject to change, sources said.
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CEO of OpenAI Sam Altman walks through the Hart Senate Office Building, following meetings on Capitol Hill, in Washington, D.C., U.S., June 3, 2026.
Evelyn Hockstein | Reuters
[OpenAI](https://www.cnbc.com/2026/07/27/altman-trump-china-open-weight-ai.html) is in discussions with [Nvidia](https://www.cnbc.com/quotes/NVDA/) about a backstop of up to $250 billion that would help fund its ambitious plans to lease a massive new [artificial intelligence](https://www.cnbc.com/ai-artificial-intelligence/) data center, CNBC confirmed.