OpenAI data center deal with Nvidia comes in $145 billion lower than reported—signaling concerns of artificial demand for chips

Jensen Huang, chief executive officer of Nvidia Corp., attends a media briefing following the company's "Japan AI Ecosystem" reception in Tokyo. (Credit: Kiyoshi Ota/Bloomberg via Getty Images)

What came first—the chicken or the egg? Or in AI’s case, the investment or the revenue?

Nvidia is guaranteeing up to $105 billion for OpenAI’s planned data center campus in Pike County, Ohio, coming in lower than the roughly $250 billion guarantee it was considering, according to reporting by the Wall Street Journal and CNBC.