Nvidia is reportedly in talks to provide around $250 billion in financing guarantees for OpenAI's AI data centre project in Ohio, according to The Wall Street Journal. The support would help fund data centre leases, while Nvidia is also discussing financing chip purchases worth up to $350 billion for the over $500-billion project.

US-based multinational technology company Nvidia is in talks to provide around $250 billion in financing guarantees to OpenAI as part of a massive artificial intelligence (AI) data centre project in the US, according to a report.

As per report published in The Wall Street Journal, the proposed backing would help the ChatGPT maker lease a 10-gigawatt data centre campus being developed by SoftBank's energy subsidiary in southern Ohio.

It further showed that the project is expected to cost more than $500 billion in total, including the Nvidia chips that will power the facility.

The proposed $250 billion guarantee would cover the data centre lease and debt financing but would not include the cost of the chips. Nvidia is also reportedly discussing financing OpenAI's chip purchases worth up to $350 billion.