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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Trump's AI vision takes shape as Oracle and OpenAI expand massive Stargate infrastructure project
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.
According to new Wall Street Journal reporting though, OpenAI and SoftBank have disagreed over data center locations and the use of SB Energy sites (a SoftBank-backed energy firm). OpenAI has also made its own progress separate from the Project, including striking up a $30 billion deal with Oracle for 4.5 gigawatts of capacity.
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
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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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.
TRUMP launches on TRON using LayerZero tech, enabling cross-chain transfers and unified supply for TRUMP on TRON.
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As Oracle’s stock falls in the wake of Stargate developments, here’s one big question for investors
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.