SoftBank to invest $3 billion in Ohio factory for OpenAI data center: Report

SoftBank plans to invest up to $3 billion to overhaul an electric vehicle facility in Lordstown, Ohio, which will produce equipment for OpenAI’s forthcoming data centers after being remodeled, The Information reported on Thursday.

The plant will manufacture equipment for data centers in Milam County, Texas, and other locations, the report said, as the Japanese conglomerate goes all-in on the startup at the heart of the generative AI boom.

SoftBank, which sold its $5.8 billion stake in leading chipmaker Nvidia to bankroll CEO Masayoshi Son’s sweeping AI…