Tag

Stargate

All articles tagged with #stargate

business1 month ago•10 min saved

Stargate Mirage: Oracle’s $340B AI-Compute Bet Faces Delays and Debt

The piece argues that Stargate, a touted collaboration between Oracle, SoftBank, and OpenAI to rapidly build a massive U.S. AI data-center fleet (about 7.1GW, ~$340B), is largely fictional or misrepresented: no fresh capital has materialized, projects are far behind schedule, and financing relies on complex project financing that keeps debt off Oracle’s balance sheet. OpenAI’s projected losses and heavy commitments to other cloud providers compound concerns that the venture may never pay for itself, potentially dragging Oracle into unsustainable debt and cash-flow strain despite aggressive marketing claims.

via Ed Zitron's Where's Your Ed At|

#ai-compute #business #data-centers

technology2 months ago•6 min saved

OpenAI Reorganizes Compute Leadership After Stargate Pivot

OpenAI has appointed new leaders for its Stargate computing initiative and reorganized its compute operations into three groups—data-center design, commercial partnerships, and facilities management—signaling a shift from building proprietary data centers to renting more AI servers from major cloud providers.

via The Information|

#cloud-providers #data-centers #infrastructure

business2 months ago•21 min saved

Oracle's Stargate Expansion Slowed, Core AI Pact Stays in Place

Oracle’s $500 billion Stargate AI data-center project in Abilene, Texas, appears to be slowed rather than halted: Bloomberg says plans to expand capacity with OpenAI are shelved due to financing terms and evolving compute needs, while the core 4.5 GW agreement remains on track and construction at eight sites continues with Nvidia gear. CNBC cautions the broader Stargate program isn’t canceled, but the market has pricing in tighter upside as Oracle’s leverage and OpenAI dependence loom large; Meta could enter as a future tenant, highlighting the ongoing execution risk in multi‑billion AI infra bets.

via 24/7 Wall St.|

#abilene #business #nvidia

technology3 months ago•6 min saved

OpenAI’s Quest for AI Compute Stalls as Stargate JV Stumbles

OpenAI’s plan to rapidly deploy AI compute through the Stargate joint venture with Oracle and SoftBank has stalled, hampered by leadership gaps and disagreements over who does what, leaving the three partners without staffing or actively developing OpenAI’s data centers and slowing the broader race for AI-powered computing power.

via The Information|

#cloud-computing #data-centers #openai

business4 months ago•1 min saved

OpenAI and SoftBank Invest $1 Billion in SB Energy and Stargate Expansion

OpenAI and SoftBank are investing $1 billion in SB Energy to expand AI data center infrastructure for the Stargate initiative, including building a large data center in Texas and deploying AI tools for SB Energy employees, as part of a broader push to support AI growth through significant energy infrastructure investments.

via Reuters|

#ai-data-centers #business #openai

business5 months ago•1 min saved

George Osborne joins OpenAI to lead global expansion

OpenAI has hired George Osborne to lead its global 'Stargate' expansion, aiming to enhance its international presence and digital offerings.

via Financial Times|

#business #digital-access #expansion

business7 months ago•4 min saved

Oracle’s AI Growth Fueled by Nvidia, Yet Financials Don’t Align

Oracle's push into AI with Nvidia hardware aims to build a leading AI infrastructure, but high costs and thin margins raise questions about its profitability, despite ambitious growth plans like the Stargate project. Investors are cautious as Oracle balances large investments with uncertain short-term returns.

via TheStreet|

#ai-infrastructure #business #nvidia

technology8 months ago•1 min saved

OpenAI and Partners Expand Stargate Data Centers Across the U.S.

OpenAI announced plans to add five new sites to its Stargate data center project, increasing its planned capacity to seven gigawatts over three years, as part of a broader effort to support AI development and stay ahead in the AI race, despite some delays and site selection challenges.

via Axios|

#ai-infrastructure #capacity-expansion #data-center

technology8 months ago•2 min saved

OpenAI, Oracle, and SoftBank Launch $500B Stargate Expansion with Five New AI Data Centers

OpenAI, Oracle, and SoftBank are planning five new AI data centers in the US as part of the $500 billion Stargate project, aiming to increase data center capacity to nearly 7 gigawatts and create 25,000 jobs, with a focus on powering advanced AI technologies like ChatGPT.

via Reuters|

#ai #datacenters #investment

technology8 months ago•6 min saved

OpenAI Expands with New Stargate Data Centers Across the U.S.

OpenAI, in partnership with Oracle and Softbank, unveiled its massive Stargate AI data center in Abilene, Texas, with plans for five more across the U.S., aiming to become the world's largest AI supercluster. The project emphasizes environmental considerations, including water conservation and renewable energy, while boosting local economy and job creation, despite some residents' concerns about environmental and lifestyle impacts.

via AP News|

#ai-data-centers #environmental-impact #openai

technology8 months ago•1 min saved

OpenAI and Partners Expand Stargate with Five New U.S. Data Centers

OpenAI is building five new AI data centers across the US with Oracle and SoftBank as part of its Stargate project, increasing capacity to seven gigawatts to support advanced AI models, amid a $100 billion investment from Nvidia.

via TechCrunch|

#data-centers #openai #oracle

technology8 months ago•3 min saved

OpenAI, Oracle, and SoftBank Launch $500B Stargate with Five New U.S. AI Data Centers

OpenAI, Oracle, and SoftBank are expanding the Stargate AI data center network in the U.S. with five new sites, increasing capacity to nearly 7 gigawatts and over $400 billion in investment, aiming to reach a $500 billion, 10-gigawatt goal by 2025, creating thousands of jobs and advancing AI development.

via OpenAI|

#ai-infrastructure #openai #oracle

business9 months ago•1 min saved

Foxconn and SoftBank Collaborate on Ohio AI Hardware for Stargate Project

SoftBank is acquiring and operating a Foxconn-owned plant in Ohio to serve as a manufacturing site for its Stargate AI venture, which aims to develop AI data centers in partnership with companies like OpenAI and Oracle, despite recent delays and economic challenges.

via Bloomberg|

#ai-data-centers #business #foxconn

business10 months ago•2 min saved

OpenAI's $40B Funding and Oracle Partnership Impact on Stock and AI Projects

OpenAI has confirmed a $30 billion per year deal with Oracle for data center services as part of the Stargate project, involving 4.5 gigawatts of capacity, marking a significant expansion in its infrastructure and revenue, with the deal supporting a massive new data center in Texas.

via TechCrunch|

#business #cloud-services #data-center

business10 months ago•3 min saved

Oracle's Stock Declines Amidst Stargate and OpenAI Partnership Challenges

Oracle's stock declined slightly despite announcing a major expansion of its Stargate AI infrastructure partnership with OpenAI, involving the development of 4.5 gigawatts of data center capacity to support AI computing, amid broader industry and project uncertainties.

via Investor's Business Daily|

#ai-infrastructure #business #datacenters