US EditionOracle to buy $40bn of Nvidia chips for OpenAI’s new US data centre
- Oracle announced a $40 billion purchase of about 400,000 Nvidia GB200 chips to power OpenAI's new data center in Abilene, Texas, expected online by mid-2026.
- The acquisition supports the U.S. Stargate Project, a $500 billion AI infrastructure effort led by top AI firms to strengthen America amid rising global competition.
- The Abilene facility, backed by $9.6 billion in JPMorgan loans and $5 billion cash from Crusoe and Blue Owl Capital, will lease computing power to OpenAI for 15 years.
- OpenAI aims to reduce dependence on Microsoft after ending their exclusivity deal, as its demand for computing power now exceeds Microsoft's supply capabilities.
- This project could reshape AI and cloud competition, offering Oracle a chance to boost cloud services while paralleling a similar Stargate AI center planned in the UAE by 2026.
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Oracle To Splurge $40 Billion On Nvidia Chips For Mega AI Data Center In Texas
Oracle To Splurge $40 Billion On Nvidia Chips For Mega AI Data Center In Texas As the U.S. heads into Memorial Day weekend, with pools opening, millions set to travel, and backyard barbecues just ahead, a late-session report from the Financial Times revealed that one of President Trump's first Project Stargate AI infrastructure projects is underway in Texas. According to FT's sources, the under-construction AI data center in Abilene, Texas, is…
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Leaning Left0Leaning Right5Center2Last UpdatedBias Distribution71% Right
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R 71%
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