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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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.
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OpenAI confirms Project Stargate is still on, and its first site, Stargate I, is already partly operational in Abilene, Texas.
The deal is part of Stargate, a $500 billion project launched by OpenAI, Oracle, and SoftBank earlier this year.
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OpenAI sweet-talks Oracle into another 4.5GW worth of Stargate datacenters, assuming the check clearsWho's picking up the tab again? AI hype man and OpenAI CEO Sam Altman has convinced his buddies at Oracle to bring an additional 4.5 gigawatts of datacenter capacity online in the US as part of the startup's Stargate initiative.
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OpenAI's Sam Altman cautions that AI voice cloning poses a fraud threat to financial institutions, echoing cybersecurity experts' concerns about evolving AI issues.
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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.