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AI & Enterprise

Nvidia talks with OpenAI on $250 billion guarantee for Ohio data centre

Nvidia is discussing providing about $250 billion in payment guarantees for a large data centre project for OpenAI, the Wall Street Journal reported. The guarantee would support OpenAI leasing a 10-gigawatt project being developed in southern Ohio by an energy unit of SoftBank, the report said. Including chips, the overall cost could exceed $500 billion. The U.S. government would control the power, with Japan funding under a recent trade agreement.

AI & Enterprise

Open Secure AI Alliance launches with Nvidia and global partners; SK Telecom and Naver join

The Open Secure AI Alliance, a consortium to develop and share open technologies, techniques and tools to protect software and agents in the AI era, is launching under the lead of Nvidia and global companies. Nvidia and founding members plan to jointly develop and share open models, agent harnesses and security tools supporting responsible AI use and improved trust. SK Telecom and Naver are among the participating South Korean companies.

Finance

IBK Industrial Bank of Korea first-half net profit 1.44 trillion won, down 4.4 percent

IBK Industrial Bank of Korea posted first-half consolidated net profit of 1.44 trillion won, down 4.4 percent from a year earlier, the bank said. Market share in SME finance rose to a record 24.6 percent as SME loans increased to 270 trillion won. The bank cited larger foreign-exchange valuation losses and higher loan-loss provisions as factors behind the profit decline. It will pay its first quarterly dividend.