OpenAI issued warrants worth $5.5 billion in SB Energy, WSJ reports

OpenAI was issued warrants worth an estimated $5.5 billion in power infrastructure firm SB Energy, the Wall Street Journal reported on Sunday, citing draft IPO documents reviewed by the ‌Journal.

Reuters could ⁠not ⁠immediately verify the report. SB Energy and OpenAI did not immediately respond to Reuters requests for comment outside regular business hours.

Here are some details:


* Earlier this month, Nvidia invested $1.5 billion in SB ​Energy, and agreed to ⁠provide a ‌guarantee of up to $105 billion ​to ​help OpenAI lease a data ⁠center in Ohio being developed by the ​company.

* SoftBank Group and OpenAI ​are the planned tenants in three SB Energy data centers, the report said.

* Reuters reported, citing sources, earlier this year that SB Energy could seek ‌a valuation of more than $50 billion in its market debut, which could ​come as ​early as ⁠next month.

* SB Energy, a SoftBank subsidiary, develops large-scale power and data center infrastructure projects. Founded in 2019, the company is building several data center campuses to support rising demand tied to AI workloads.