Nvidia weighs playing the cosigner for Nscale’s AI data center in West Virginia

Nvidia is in talks to cosign a loan for Nscale's AI data center in West Virginia, helping the cloud provider secure financing for its electricity and construction costs. The arrangement would see Nvidia take over the facility if Nscale defaults on payments, and help find a new buyer and tenant. Nscale has signed a $44.6 billion contract for the first building, and is discussing a second deal worth around $45 billion. The company has struggled to deploy its advanced AI chips, with only 25,000 in use in August, despite planning to deploy nearly 500,000. Nscale's West Virginia campus has also faced issues with construction runoff flooding nearby homes. Nvidia's support is a sign of the AI industry's efforts to keep its buildout plans afloat amidst investor jitters about the large amounts of money involved.