--- title: Nvidia halved its $250bn promise to OpenAI. Then it... description: Nvidia has reportedly halved its proposed backstop for OpenAI's Ohio data center project from $250bn to under $120bn, initially covering only half of the 10GW... canonical: https://daily.dev/posts/nvidia-halved-its-250bn-promise-to-openai-then-it-showed-investors-what-it-owns-2w5pu1vdm twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Nvidia halved its $250bn promise to OpenAI. Then it showed investors what it owns | daily.dev og:description: Nvidia has reportedly halved its proposed backstop for OpenAI's Ohio data center project from $250bn to under $120bn, initially covering only half of the 10GW... og:url: https://daily.dev/posts/nvidia-halved-its-250bn-promise-to-openai-then-it-showed-investors-what-it-owns-2w5pu1vdm og:image: https://api.daily.dev/og/posts/2W5Pu1VDM.png og:image:alt: Nvidia halved its $250bn promise to OpenAI. Then it showed investors what it owns og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Nvidia halved its $250bn promise to OpenAI. Then it showed investors what it owns **[The Next Web](https://daily.dev/sources/tnw)** · 6 min read · 0 upvotes · 0 comments ## Summary Nvidia has reportedly halved its proposed backstop for OpenAI's Ohio data center project from $250bn to under $120bn, initially covering only half of the 10GW campus, per Wall Street Journal reporting. The change follows a 5% Nvidia share price drop after the original guarantee was disclosed. Separately, Nvidia's 13F filing revealed a roughly $21bn SpaceX stake (via its earlier xAI investment, later folded into SpaceX after SpaceX acquired xAI) and a $30bn Intel stake grown from a $5bn investment. Both positions have since lost value on paper as SpaceX and Intel shares declined, and analysts note the asymmetry between publicly disclosed equity holdings and the opaque, off-balance-sheet nature of financial guarantees like the OpenAI backstop. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [The Billion-Dollar Deal Reshaping Nvidia and OpenAI’s AI Ambitions](https://daily.dev/posts/the-billion-dollar-deal-reshaping-nvidia-and-openai-s-ai-ambitions-ebvdyugjr) · Medium · 0 upvotes · 0 comments - [Nvidia is not backing OpenAI’s rent. It is backing the buildings](https://daily.dev/posts/nvidia-is-not-backing-openai-s-rent-it-is-backing-the-buildings-sx6nuz8zj) · The Next Web · 0 upvotes · 0 comments --- Tags: [#venture-capital](https://daily.dev/tags/venture-capital), [#openai](https://daily.dev/tags/openai), [#nvidia](https://daily.dev/tags/nvidia), [#intel](https://daily.dev/tags/intel), [#spacex](https://daily.dev/tags/spacex) [View this post on daily.dev](https://daily.dev/posts/nvidia-halved-its-250bn-promise-to-openai-then-it-showed-investors-what-it-owns-2w5pu1vdm) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Nvidia halved its $250bn promise to OpenAI. 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