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.
Oracle (NYSE:ORCL) and OpenAI, backed by Microsoft (NASDAQ:MSFT), have announced a partnership to build 4.5 gigawatts of additional Stargate data center capacity in the U.S., pushing total capacity under development to over 5GW.
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As Oracle’s stock falls in the wake of Stargate developments, here’s one big question for investors
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.