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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 confirmed to be behind $30bn-a-year Oracle cloud deal, 4.5GW expected across multiple data center sites
Oracle will develop multiple data centers across the US with partners, Bloomberg reports. The existing Abilene, Texas, data center campus, built with partner Crusoe, could be expanded from 1.2GW to 2GW, while it is also evaluating other sites in Texas.
Oracle recently signed a contract with a single provider worth $30 billion in annual revenue – could its be OpenAI?
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Oracle Reportedly Offers US Government Steep Discounts: Retail Traders Raise Eyebrows As Stock Scales New PeaksOracle Corp. (ORCL) is reportedly offering steep discounts on its software to federal customers, joining a list of tech ...
OpenAI signs a $30B deal with Oracle for 4.5GW of data center power under its Stargate project, boosting U.S. AI ...
Oracle Inc announces a $30 billion cloud deal with OpenAI. Wall Street's average price target indicates downside in ORCL ...
On the back of positive remarks from the company's CEO and bolstered by an apparent deal with a major artificial intelligence ...
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