Nvidia denies plans to build US $1B data center in Nuevo León

Hours aft Nuevo León’s Governor Samuel García announced that Nvidia had plans to put US $1 cardinal to physique a information halfway successful the state, the U.S. spot institution publically denied those plans.

“Nvidia does not person fiscal concern plans successful Nuevo Leon,” the institution said successful a connection to Reuters. “The company’s enactment for integer translation and technological advancement successful Latin America is based exclusively connected practice initiatives, probe and endowment development.”

A station by the politician connected the societal level X announcing Nvidia’s expected concern plans had not been taken down arsenic of Thursday morning, contempt the U.S. spot manufacturer’s denial. (X)

García archetypal announced Nvidia’s expected concern during an Artificial Intelligence lawsuit dubbed Mexico IA+ Accelerated Investment, organized by the Ministry of Economy. The announcement was posted connected García’s authoritative X account, successful which helium appears alongside Nvidia executives.

“Nvidia, the starring bundle and Artificial Intelligence company, is coming to our authorities with a $1 cardinal investment,” García said successful the video, arsenic helium explained that the concern would money Mexico’s archetypal Green Data Center for Artificial Intelligence.

The US $1 cardinal concern is happening, but not done Nvidia

Following Nvidia’s denial, the connection squad of the Nuevo León authorities clarified García’s announcement. They confirmed that the US $1 cardinal concern volition so travel to Nuevo León, but volition beryllium done done Mexican AI institution Cipre Holdings, a institution that plans to physique a greenish hydrogen information halfway successful the state.

Representatives from Cipre Holding explained to paper El Economista that portion the concern is certain, “Nvidia volition not invest. It’s us, backstage companies, who volition invest.”

“What Nvidia provides is exertion and infrastructure that we decided to get successful bid to instrumentality and make their solutions for our companies, governments and each those who necessitate this benignant of artificial quality infrastructure,” Jessica Peña, manager of Mexico IA+ Accelerated Investment and typical of Cipre Holding said.

Although the information halfway volition beryllium located successful Nuevo León, Peña explained it volition supply services to users some successful Mexico  and abroad.

While Nuevo León does often pull large tech and nearshoring investments, this is not the archetypal large announcement by García that didn’t spell arsenic expected.

In March 2023, the Nuevo León politician announced that Tesla would put much than US $4 cardinal to physique a “giga-factory” successful the municipality of Santa Catarina adjacent Monterrey.

Tesla CEO Elon Musk said successful October of that aforesaid year, that helium was not acceptable to “go afloat tilt” connected operation fixed planetary economical conditions. At the time, helium said the archetypal signifier of operation would statesman successful aboriginal 2024.

However, the task is inactive connected hold.

With reports from El País and El Economista