The Kobeissi Letter|Jul 26, 2026 23:29
BREAKING: Nvidia is in talks with OpenAI to guarantee $250 billion in financing for a data center in Ohio.
Details include:
1. The guarantees from Nvidia would help OpenAI lease a 10GW project that SoftBank is developing in Ohio
2. In total, the project could cost more than $500 billion, the largest data center project ever announced
3. The power for the project is controlled by the US government and funded separately by Japan under a recent trade deal
4. Commerce Secretary Lutnick is reportedly involved in deciding who will get the power
The data center buildout just hit a whole new level.(The Kobeissi Letter)
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