OpenAI, Oracle and Stargate
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The latest agreement between OpenAI and Oracle will expand Stargate’s data center capacity, ultimately surpassing the halfway point of their goal.
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Oracle and OpenAI expand Stargate project with 4.5 gigawatts of data center capacity, part of a $500 billion U.S. AI infrastructure investment creating over 100,000 jobs.
The Stargate Project launched with presidential fanfare and billion-dollar pledges, but six months later, it has no data centres and little to show for its promise
OpenAI has today confirmed the 4.5GW deal for Stargate data center capacity in the US, spread across the country. According to the companies, along with the Stargate I site in Abilene, Texas, OpenAI and Oracle will now have more than 5GW of data center capacity under development.
On Tuesday, major artificial intelligence (AI) chip manufacturers, including Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Co. (NYSE:TSM),
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Data center company Khazna is building the backbone for the giant Stargate venture in the Middle East with leading AI companies.
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Oracle and OpenAI are developing additional data-center capacity for the AI infrastructure project — but Evercore says investors are wondering how Oracle will finance the cost.
AI hype man and OpenAI CEO Sam Altman has convinced his buddies at Oracle to bring an additional 4.5 gigawatts of datacenter capacity online in the US as part of the startup's Stargate initiative.