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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.
Oracle, OpenAI expand Stargate deal for more U.S. data centres
Oracle, known for its database software, has gained traction in the market for renting out computing power and storage over the internet, in part by targeting clients focused on AI work. This has led to a jump in revenue and expenses. The US$30 billion deal is more than the current size of its entire cloud infrastructure business.
AI stocks have been on a ferocious rally in June. NVIDIA (Nasdaq: NVDA) is up 13% in the past month and currently sits at an ...
Microsoft Corp (NASDAQ: MSFT) is leasing 4.5 gigawatts of computing power from Oracle Corp (NYSE: ORCL) under its Stargate ...
As warnings mount about AI’s potential to displace millions of jobs, Anthropic on Friday launched a its Economic Futures ...
Christian Klein, the chief executive officer of Europe’s most valuable company, said that Europe doesn’t require a flurry of more data centers to compete in artificial intelligence, rejecting a ...
OpenAI has signed a cloud computing agreement with Oracle valued at around USD 30 billion annually, as part of a significant ...
Giant AI data centre Stargate UAE to begin in 2026; G42 to partner with Open AI, others 'Stargate UAE' project is part of a deal brokered by President Donald Trump to build the world's ...
The Stargate UAE project is part of a push by the Gulf petrostate to become a big player in artificial intelligence.
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