"OpenAI, Oracle, and SoftBank have announced that they will build five new data centers for artificial intelligence in the United States as part of the Stargate project. This plan involves an investment of $500 billion. The total computing power capacity will be 10 gigawatts. This was reported by Reuters. The Stargate initiative was launched earlier this year during a meeting between President Donald Trump and top executives from the technology sector."
"OpenAI and Oracle will jointly open three new locations in Texas, New Mexico, and an as-yet-undisclosed location in the Midwest. In addition, two data centers will be added in Ohio and Texas, developed by OpenAI in collaboration with SoftBank and its subsidiary. With the expansion in Abilene and ongoing projects with CoreWeave, Stargate's capacity is expected to grow to nearly 7 gigawatts and exceed $400 billion in investments over the next three years."
"According to OpenAI CEO Sam Altman, artificial intelligence can only reach its full potential when sufficient computing power is available. The project is expected to create 25,000 jobs. At the same time, Nvidia announced that it would invest up to $100 billion in OpenAI and supply chips for the new data centers. To realize the enormous investments, OpenAI and its partners want to use debt financing to lease chips."
OpenAI, Oracle, and SoftBank will build five new AI data centers across the United States under the Stargate project, with a planned $500 billion investment and up to 10 gigawatts of computing capacity. OpenAI and Oracle will open three joint locations in Texas, New Mexico, and an undisclosed Midwestern site, while OpenAI and SoftBank will add two centers in Ohio and Texas. Expansion in Abilene and partnerships with CoreWeave aim to raise capacity toward nearly 7 gigawatts and push investments past $400 billion within three years. Nvidia pledged up to $100 billion and will supply chips. The project is expected to create 25,000 jobs and relies on debt leasing alongside major corporate financing, aligning with U.S. strategic priorities in defense and competition with China.
Read at Techzine Global
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