SB Energy gave OpenAI $5.5bn in warrants to sign a 20-year lease

SB Energy granted OpenAI warrants valued at $5.5 billion, up from $3.6 billion in January, to secure a 20-year lease for a planned 10-gigawatt data-centre campus in southern Ohio slated to start operating in 2028. Both SoftBank and OpenAI invested $500 million in SB Energy, while Nvidia is considering a $3 billion investment tied to the same project, creating intertwined financial stakes across the companies.