OpenAI expands Oracle data center deal
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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.
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.
OpenAI confirms a $30B per year deal with Oracle to power the massive Stargate AI infrastructure project. Read more!
The partnership is part of OpenAI’s Stargate initiative, an ambitious $500 billion plan to build out 10 gigawatts of AI infrastructure across the US over the next four years.
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.
Oracle stock was down after a report the Stargate AI project has been scaled back in the near term. But the company is still set to gain from a huge deal with OpenAI.
Launched earlier this year at the White House, the Stargate initiative had promised to supercharge US AI capabilities and generate over 100,000 jobs.