OpenAI Eyes $500B Ohio Data Center With Nvidia Backing
Rendy Andriyanto
Gotrade Team
Reviewed by Gotrade Internal Analyst
Share this article
Gotrade News - OpenAI is in advanced talks to lease a 10-gigawatt data center campus on federal land in Ohio. The project could cost at least $500 billion if fully built out, with potential backing from chipmaker Nvidia.
The talks signal how aggressively AI firms are racing to secure power and compute capacity at scale. For investors, the spending wave supports chipmakers, hyperscalers, and data-center power names across US markets.
Key Takeaways
OpenAI is negotiating a 10-gigawatt Ohio campus that could exceed $500 billion if fully built.
Nvidia may back the project, though the financing is not yet finalized.
Meta is partnering with Reliance Industries on its first AI data center in India.
According to Investing.com, OpenAI would control the equipment on a long-term lease. The company would pay once the campus is operational, with the first phase expected to begin in 2028 per The Information.
The scale of the buildout underscores the central role of Nvidia (NVDA) in the AI supply chain. Its chips power the training clusters that hyperscalers and labs are rushing to deploy.
The lease structure is notable because OpenAI would not own the campus outright. Instead it would control the equipment and pay rent only once the site is operational.
India Expansion And Power Demand
As reported by Seeking Alpha, the Ohio campus would be one of the largest such projects ever planned. The reported $500 billion figure reflects a full build-out across multiple phases over several years.
Meanwhile, Meta Platforms (META) is partnering with Reliance Industries on its first AI data center in India. Reliance shares rose over 1% following the announcement.
The India move shows AI infrastructure spending spreading beyond US borders. It also widens the addressable market for the cloud and silicon providers serving these projects.
Reliance brings local land, energy assets, and regulatory relationships to the venture. That gives Meta a faster path into one of the world's largest internet markets.
The buildout has drawn attention to the strain large data centers place on local power grids. Entergy's CEO publicly defended the large-scale power demand, saying the company wants to be good neighbors.
That defense reflects the political sensitivity around energy-hungry AI campuses. Power availability is now a gating factor for where these projects can be built.
For the broader market, the read-through is that AI capital spending remains durable. Hyperscalers like Microsoft (MSFT) continue to anchor demand for chips, servers, and electricity.
That durable demand has lifted data-center and power-related equities alongside the core chipmakers. The Ohio and India projects are fresh evidence that the spending cycle is still expanding.
Investors will watch whether Nvidia's backing of the Ohio campus is formalized in the coming weeks. A confirmed deal would deepen the link between the chipmaker and its largest model-building customers.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
