Latest news with #NvidiaGB200
Yahoo
5 days ago
- Business
- Yahoo
OpenAI and Oracle Expand Stargate With 4.5 GW Data Center Deal
OpenAI has partnered with Oracle (ORCL, Financials) to develop an additional 4.5 gigawatts of data center capacity under the Stargate AI infrastructure program, the company announced July 22. The expansion builds on the Stargate I site in Abilene, Texas, and advances OpenAI's goal to invest $500 billion in U.S.-based AI infrastructure by 2029. Warning! GuruFocus has detected 8 Warning Signs with ORCL. Combined, Stargate sites will soon total more than 5 GW of capacity, supporting over 2 million chips to meet growing AI computing needs. Oracle recently began delivering Nvidia GB200 racks to the Texas site, where early training and inference workloads are already running. OpenAI said the latest project will generate over 100,000 jobs across construction, operations, and related sectors. These include skilled trades such as electricians and data center technicians, many of whom are already working at Stargate I. The company is also working with SoftBank on additional infrastructure projects and with Microsoft for cloud services. OpenAI's Stargate platform spans partnerships with Oracle, SoftBank, CoreWeave, and others to support AI development globally. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
22-07-2025
- Business
- Time of India
OpenAI CEO Sam Altman shares photos of ‘gigantic' Stargate AI project: ‘Easy to throw around numbers, but…'
Sam Altman , CEO of ChatGPT-maker OpenAI , has said that the company has entered into an agreement with Oracle to develop an additional 4.5 gigawatts (GW) of 'Stargate' data centre capacity in the US. According to the AI company, this investment aims to create new jobs, accelerate reindustrialisation, and solidify US leadership in artificial intelligence (AI). 'We have signed a deal for an additional 4.5 gigawatts of capacity with oracle as part of stargate. easy to throw around numbers, but this is a _gigantic_ infrastructure project. some progress photos from abilene:' he said in a post on X. What is Stargate AI project and what has changed Combined with the existing Stargate I site in Abilene, Texas, this new collaboration with Oracle will bring OpenAI's total Stargate AI data centre capacity under development to over 5 GW, which will power more than 2 million AI chips. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Caribbean Citizens Can Apply for the Green Card Lottery americ24 Undo This development advances OpenAI's previously announced commitment in January to invest $500 billion into 10 GW of AI infrastructure in the US over the next four years. OpenAI now anticipates exceeding this initial commitment, citing strong momentum with partners including Oracle and SoftBank. Altman also said that they 'are planning to significantly expand the ambitions of Stargate past the $500 billion commitment we announced in January.' The expansion is also projected to drive a substantial portion of the hundreds of thousands of jobs expected to be created by Stargate in the coming years. OpenAI estimates that the construction, development, and operation of this additional data centre capacity will generate over 100,000 jobs across construction and operations roles nationwide. Construction of the initial Stargate I facility in Abilene, Texas, is underway, with parts of the site already operational. Oracle began delivering the first Nvidia GB200 racks last month, allowing OpenAI to initiate early training and inference workloads. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
CNBC
22-07-2025
- Business
- CNBC
OpenAI expands Oracle data center deal, says parts of Stargate 1 in Texas are operational
Oracle and OpenAI will develop an additional 4.5 gigawatts of Stargate data center capacity in the U.S., the companies announced on Tuesday, kicking off an expansion of an already massive infrastructure project. Stargate is a joint venture between OpenAI, Oracle and Softbank that aims to invest up to $500 billion in artificial intelligence infrastructure in the U.S. over the next four years. President Donald Trump announced Stargate shortly after his inauguration in January. OpenAI said the additional data center capacity will create over 100,000 jobs across construction and operations roles in the U.S., and pushes the total Stargate AI data center capacity under development to over 5 gigawatts, according to a blog post. The update from OpenAI comes one day after the Wall Street Journal reported that the Stargate project has struggled to get off the ground. The report said the companies have scaled back their near-term plans and were striving to open a small data center by the end of the year. "Together, we're committed to delivering 10GW of new compute capacity through Stargate — one of the most ambitious infrastructure projects in U.S. history," OpenAI and SoftBank said in a statement to CNBC. "We're moving with urgency on site assessments and reimagining how data centers are designed to power advanced AI and make its benefits widely accessible." OpenAI said Tuesday that construction of the Stargate I in Abilene, Texas, is underway, and that parts of the facility are already up and running. Oracle started delivering the first Nvidia GB200 racks to the facility last month, the blog post said. Stargate I has created "thousands" of jobs, including specialized positions for electricians, equipment operators, and technicians, OpenAI said. "Easy to throw around numbers, but this is a _gigantic_ infrastructure project," OpenAI CEO Sam Altman wrote in a post on X on Tuesday.
Business Times
22-07-2025
- Business
- Business Times
OpenAI, Oracle to add 4.5GW US data centre capacity in AI expansion
[SAN FRANCISCO] OpenAI and Oracle announced they will develop 4.5 gigawatts of additional US data centre capacity in an expanded partnership, furthering a massive plan to power artificial intelligence workloads. OpenAI has yet to name the data centre sites it will codevelop with Oracle, but states including Texas, Michigan, Wisconsin and Wyoming are under consideration. Together with its facility being built in Abilene, Texas, the company said it will have more than five gigawatts total in capacity, running on more than two million chips for AI work. Bloomberg earlier this month reported OpenAI's plans to rent the additional data centre capacity from Oracle. In January, OpenAI, Oracle and SoftBank Group announced they would invest US$500 billion in 10 gigawatts of AI infrastructure in the US in the next four years. OpenAI said on Tuesday (Jul 22) that it now expects to exceed that commitment. A gigawatt is enough to provide electricity for about 750,000 US homes. Oracle did not respond to a request for comment. While OpenAI labelled the data centre expansion with Oracle as part of its Stargate project, SoftBank is not financing any of the new capacity, the AI company said. In May, Bloomberg reported that SoftBank was hitting snags in financing talks amid broader economic uncertainty around global tariffs. The ChatGPT maker also shared an update on its initial Stargate site in Abilene, saying that the first data centre building there now powers some of OpenAI's compute workload for running and training its algorithms. Oracle began delivering the first racks of Nvidia GB200 chips last month and parts of the data centre has been up and running for a few weeks, the company said. 'We feel pretty good about our ability to move quickly on this because in many regards, Abilene was that beta test to prove out that you could build these at scale and at speed,' said Chris Lehane, OpenAI vice-president of global policy. OpenAI also said it expects the additional data centre development to create more than 100,000 jobs in construction and operations in the US. Historically, data centres don't employ many full-time workers. BLOOMBERG
Arabian Post
04-07-2025
- Business
- Arabian Post
OpenAI Secures Massive 4.5 GW Cloud Power from Oracle
OpenAI will lease approximately 4.5 gigawatts of data centre power from Oracle under a $30 billion‑per‑year agreement set to begin delivering revenue in Oracle's fiscal year 2028. This significant capacity boost forms part of the expansive 'Stargate' initiative—an AI infrastructure venture launched in January aiming to deploy up to $500 billion globally. Oracle plans to construct and expand multiple U. S. data centres to support this deal, including enhancements to its 1.2 GW facility in Abilene, Texas, scaling it to 2 GW. Additional site candidates span Texas, Michigan, Wisconsin, Georgia, New Mexico, Ohio and Pennsylvania. By comparison, the 4.5 GW allotted to OpenAI constitutes roughly a quarter of total U. S. data centre capacity, enough to power millions of homes. The deal elevates Oracle's cloud infrastructure business significantly—its existing data centre revenue in fiscal 2025 was $10.3 billion, making the OpenAI agreement nearly triple in scale. Oracle intends to support this growth with investments including $7 billion into Stargate and $25 billion in capital expenditures in 2026, alongside a major Nvidia GB200 chip acquisition valued at $40 billion. ADVERTISEMENT Oracle chief executive Safra Catz previously disclosed in a Securities and Exchange Commission filing that the company had signed multiple large cloud services contracts expected to generate over $30 billion annually from fiscal 2028. Analyst commentary suggests this contract with OpenAI constitutes net-new revenue—significant new business rather than renewals. Investor response has been strongly positive. Oracle's share price surged to record levels, buoyed by expectations of over 50 per cent year‑on‑year revenue growth in fiscal 2028 and projections of surpassing $104 billion in revenue by 2029. TD Cowen analysts raised their price target from $250 to $275, while Citizens JMP maintained an outperform rating with a $240 target, noting Oracle's 'sophisticated' GPU cluster offerings. The Stargate initiative, originally unveiled at a White House event in January 2025 alongside President Trump, is a collaboration between OpenAI, Oracle, SoftBank and Abu Dhabi's MGX sovereign fund. So far, $50 billion has been committed by founding partners, with long-term funding targets set at $500 billion for global AI infrastructure development. OpenAI's strategy reflects a deliberate move to diversify its compute ecosystem beyond Microsoft Azure, its largest investor and former exclusive cloud provider. The firm has since added other partners—including Google Cloud and CoreWeave—alongside the new Oracle deal. Industry analysts view this sprawling infrastructure expansion as essential to maintain leadership in the escalating AI arms race. Larry Ellison, Oracle co‑founder, has emphasised the company's ambition: 'We will build and operate more cloud infrastructure data centres than all of our cloud infrastructure competitors'. Yet the sheer scale of this power draw raises questions around sustainability and resource allocation. A related analysis suggested a 2 GW facility in West Texas could consume about 40 million litres of water daily—placing strain on local supplies already under pressure. As the U. S. data centre landscape evolves rapidly, Oracle and OpenAI's partnership underscores the escalating importance of infrastructure in AI advancement. The unfolding execution of this agreement will shape both companies' market positions and broader resource landscapes, even as the narrative of artificial intelligence continues to accelerate globally.
