All articles tagged with #stargate
Originally Published 2 days ago — by Reuters
OpenAI and SoftBank are investing $1 billion in SB Energy to expand AI data center infrastructure for the Stargate initiative, including building a large data center in Texas and deploying AI tools for SB Energy employees, as part of a broader push to support AI growth through significant energy infrastructure investments.
Originally Published 26 days ago — by Financial Times
OpenAI has hired George Osborne to lead its global 'Stargate' expansion, aiming to enhance its international presence and digital offerings.
Originally Published 3 months ago — by TheStreet
Oracle's push into AI with Nvidia hardware aims to build a leading AI infrastructure, but high costs and thin margins raise questions about its profitability, despite ambitious growth plans like the Stargate project. Investors are cautious as Oracle balances large investments with uncertain short-term returns.
Originally Published 3 months ago — by Axios
OpenAI announced plans to add five new sites to its Stargate data center project, increasing its planned capacity to seven gigawatts over three years, as part of a broader effort to support AI development and stay ahead in the AI race, despite some delays and site selection challenges.
Originally Published 3 months ago — by Reuters
OpenAI, Oracle, and SoftBank are planning five new AI data centers in the US as part of the $500 billion Stargate project, aiming to increase data center capacity to nearly 7 gigawatts and create 25,000 jobs, with a focus on powering advanced AI technologies like ChatGPT.
Originally Published 3 months ago — by AP News
OpenAI, in partnership with Oracle and Softbank, unveiled its massive Stargate AI data center in Abilene, Texas, with plans for five more across the U.S., aiming to become the world's largest AI supercluster. The project emphasizes environmental considerations, including water conservation and renewable energy, while boosting local economy and job creation, despite some residents' concerns about environmental and lifestyle impacts.
Originally Published 3 months ago — by TechCrunch
OpenAI is building five new AI data centers across the US with Oracle and SoftBank as part of its Stargate project, increasing capacity to seven gigawatts to support advanced AI models, amid a $100 billion investment from Nvidia.
Originally Published 3 months ago — by OpenAI
OpenAI, Oracle, and SoftBank are expanding the Stargate AI data center network in the U.S. with five new sites, increasing capacity to nearly 7 gigawatts and over $400 billion in investment, aiming to reach a $500 billion, 10-gigawatt goal by 2025, creating thousands of jobs and advancing AI development.
Originally Published 4 months ago — by Bloomberg
SoftBank is acquiring and operating a Foxconn-owned plant in Ohio to serve as a manufacturing site for its Stargate AI venture, which aims to develop AI data centers in partnership with companies like OpenAI and Oracle, despite recent delays and economic challenges.
Originally Published 5 months ago — by TechCrunch
OpenAI has confirmed a $30 billion per year deal with Oracle for data center services as part of the Stargate project, involving 4.5 gigawatts of capacity, marking a significant expansion in its infrastructure and revenue, with the deal supporting a massive new data center in Texas.
Originally Published 5 months ago — by Investor's Business Daily
Oracle's stock declined slightly despite announcing a major expansion of its Stargate AI infrastructure partnership with OpenAI, involving the development of 4.5 gigawatts of data center capacity to support AI computing, amid broader industry and project uncertainties.
Originally Published 5 months ago — by OpenAI
OpenAI and Oracle are collaborating to develop 4.5 GW of new Stargate data center capacity in the U.S., aiming to boost AI development, create over 100,000 jobs, and support U.S. AI leadership and reindustrialization efforts, with total Stargate capacity expected to exceed 5 GW.
Originally Published 6 months ago — by Investor's Business Daily
Oracle's stock surged after Bloomberg reported an expansion of its Stargate AI data center project with OpenAI, including additional cloud capacity and a significant cloud services deal expected to generate over $30 billion annually from 2028, fueling optimism about Oracle's growth in AI and cloud markets.
Originally Published 6 months ago — by Bloomberg
OpenAI has signed a significant deal with Oracle to rent approximately 4.5 gigawatts of data center power across multiple US sites for its Stargate AI project, highlighting the massive energy demands of cutting-edge AI development and Oracle's expanding cloud infrastructure efforts.
Originally Published 7 months ago — by Investor's Business Daily
Oracle's stock hit record highs after strong fiscal Q4 results and optimistic guidance for 2026, driven by its cloud and AI initiatives, including the Stargate project, despite high capital expenditures and ongoing competition in the cloud infrastructure sector.