SoftBank’s subsidiary SB Energy is offering OpenAI $5.5 billion in stock warrants to secure its long-term commitment to its data centers. SB Energy is preparing for an IPO targeting $5 to $7 billion in proceeds. OpenAI has signed a 20-year lease for a 10 gigawatt data center facility in Ohio, with initial capacity expected by 2028. Nvidia is also providing financial backing for the project. SoftBank’s cumulative investments in OpenAI now exceed $64 billion.
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