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AI NewsNvidia investing $1.5B in SoftBank data center developer behind OpenAI project

Nvidia investing $1.5B in SoftBank data center developer behind OpenAI project

9:26 PM IST · August 17, 2026

Nvidiasaidon Monday that it will invest $1.5 billion in SB Energy, a data center linked to SoftBank and OpenAI. The investment ensures that Nvidia will be the sole supplier of compute infrastructure at OpenAI’s Ports-Pike data center near Cincinnati, Ohio. Nvidia will also provide up to $105 billion in credit to help build the facility, which could scale from an initial 4.25 gigawatts to 8 gigawatts in size, according todocumentsthe company filed with the SEC. SB Energy’s existing investors include SoftBank and OpenAI. SoftBank had previously held $5.8 billion worth of Nvidia stock, which itsold in Novemberto help fund other AI investments. The data center and power developer willbuild a 9.2 gigawatt natural gas power planton the site, which is land owned by the U.S. Department of Energy. The site previously enriched uranium for the U.S. nuclear arsenal and for U.S. Navy submarines. The power plant isexpected to cost $33 billion. The steep sum reflects the skyrocketing costs of building natural gas power plants, which haverisen 66% in the last two years, according to BloombergNEF. By the time SB Energy’s power plant and others are completed, they’ll be competing for natural gas with export markets, a confluence that couldtriple natural gas pricesin some parts of the country.

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Wispr raises $280M at $2B valuation as it looks beyond dictation

Wispr, a startup known for its AI dictation tool, raised $280 million in Series B funding, led by Menlo Ventures, at a $2 billion valuation, the company announced on Monday. The funds will allow Wispr to increase its footprint as it ventures into new areas, such as meetings, with its newly released note-taker tool. With this latest round, the company has raised $361 million to date. Its last roundwas less than 10 months ago. The new capital comes at a time when there is increased competition in the dictation space from apps likeWillow, Monologue, Aqua, and Superwhisper, among others. In addition, several developers are creating free or lower-priced tools for prosumers. Existing investors, including Notable Capital, NEA, Neo Ventures, 8VC, and MVP Ventures, doubled down in the latest round. The company also gained new investors such as Acrew, Forerunner, Goodwater, Peak XV, Together Fund, and PLUS Capital. Alongside the funding news, Wispr announced it’s launching a new model to improve the quality of speech understanding. For the last few weeks,severalusershave complained about a quality dip in Wispr Flow’s dictation output. The company said its new model, called Canto, will reduce error rates from 30% to less than 10%. Since last November, Wispr has released itsdictation app on Androidand has scaled its go-to-market teams in regions like India and the U.K. It’s also partnering with hardware makers, like theOasis ring, to let customers dictate on their devices without speaking loudly. Separately, with its meeting notetaker, it’s taking on others in the space like Granola, Fireflies, and Read AI. While Wispr’s notetaker can display summaries and action items, there is scope for it to integrate with other tools and make updates or create documents or email drafts. Last month, the startup announced Wispr Interface Labs under Ariya Rastrow, who was one of the people to work on Amazon Alexa in its early days. With this lab, Wispr aims toexplore new interfacesfor human-computer interaction.

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