BlockBeats News, August 17th, NVIDIA announced a $1.5 billion investment in SB Energy, a SoftBank subsidiary, and ensured that the Ports-Pike Technology Campus in Ohio is dedicated to hosting its artificial intelligence computing business. Under the agreement, SB Energy will operate the data center under a 20-year lease agreement with OpenAI, which will be the project's 8-gigawatt IT capacity customer; NVIDIA will also provide credit support for the initial 4.25-gigawatt phase of the project and retain the option to add an additional 3.75 gigawatts of capacity.

The Ports-Pike project is expected to create tens of thousands of jobs and establish an $80 million community fund. OpenAI will also contribute an additional $40 million to the community welfare fund. Meanwhile, market reports indicate that following the deal with NVIDIA, Groq reached a valuation of $3.5 billion in a new financing round.