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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.
Oracle's (NYSE:ORCL) expanded role in the Stargate Project reinforces BNP Paribas Exane's belief that hyperscalers remain of ...
SoftBank is investing in a strategic structure centered on OpenAI and Arm to move towards artificial super intelligence.
On the back of positive remarks from the company's CEO and bolstered by an apparent deal with a major artificial intelligence ...
OpenAI signs a $30B deal with Oracle for 4.5GW of data center power under its Stargate project, boosting U.S. AI ...
April 17, 2025: OpenAI has released o3 and 04-mini, two reasoning AI models designed to be extra good at programming, math, ...
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