Nvidia has signed leases worth up to $50bn for a massive Texas data centre, a previously undisclosed commitment that shines a new spotlight on the chip group’s growing role in financing AI.
The nearly $5tn company is leasing the entire 1 gigawatt facility that developer Hut 8 is building, which will house hundreds of thousands of Nvidia’s graphics processing units, said five people familiar with the deal.
The move is the latest example of Nvidia’s chief executive Jensen Huang aggressively using the company’s financial strength to keep it at the centre of the fast-growing market for AI computing power.
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