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Oracle Will Build US Data Centres Supplying 4.5GW Compute for OpenAI’s Stargate Project
Announced by President Donald Trump in January 2025, Stargate is a $500 billion generative AI infrastructure venture in the US, led by OpenAI, Oracle, Japanese telecoms giant SoftBank, and MGX, an investment firm based in the United Arab Emirates. OpenAI intends to operate the data centres. Oracle will provide server infrastructure and leasing.
OpenAI signs $30bn data centre deal with Oracle
Earlier this week, Oracle announced it had signed a single cloud computing contract worth $30bn in annual revenue beginning in 2028, without naming the customer. People close to the matter confirmed to the Financial Times that the customer was OpenAI as part of its expansion of Stargate.
Oracle recently signed a contract with a single provider worth $30 billion in annual revenue – could its be OpenAI?
SoftBank is investing in a strategic structure centered on OpenAI and Arm to move towards artificial super intelligence.
OpenAI says that it will team up with Japanese conglomerate SoftBank and with Oracle, among others, to build multiple data centers for AI in the U.S. The joint venture, called the Stargate ...
OpenAI and SoftBank are starting a $500 billion AI data center company ‘The Stargate Project’ is starting its buildout in Texas, with participation from Oracle, MGX, Microsoft, Nvidia, and Arm.
Stargate is a venture that has the backing of OpenAI, Oracle and Japanese company Softbank, with the latter promising an initial investment of $100 billion, according to Tuesday's announcement.
SoftBank and OpenAI each plan to commit $19 billion of capital to Stargate, according to The Information. The two companies would then both own 40% of the joint venture.
If SoftBank CEO Masayoshi Son spends $40 billion or more on his investment into OpenAI, it would be one of his largest ever. REUTERS. Meanwhile, OpenAI is in the process of transitioning to a ...
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