Nvidia's $250B guarantee for OpenAI sparks boardroom turmoil
nvidia offered openai a $250 billion guarantee for a data center in ohio, but interim ceo colette kress cut it in half amid internal questions about valuation. this move may have contributed to jensen huang's ouster.
nvidia, under jensen huang, built a risky credit program offering ai cloud providers and data center developers billions in financial guarantees to afford nvidia chips. the largest deal was with openai for a $250 billion guarantee for a data center in ohio. however, interim ceo and former cfo colette kress questioned the guarantees' valuation and cut nvidia's commitment to openai in half. huang reportedly called kress 'a deer in the headlights' at an internal meeting. this move, along with nvidia's stock valuation and major cloud providers planning to adopt alternative chips, may have contributed to huang's ouster.