Search Results: StargateProject

OpenAI has confirmed its unprecedented $30 billion annual agreement with Oracle for data center capacity under Project Stargate—a commitment that triples its current revenue. The deal locks in 4.5 gigawatts of power, equivalent to two Hoover Dams, signaling an infrastructure arms race for AI supremacy at staggering financial and energy costs.

OpenAI is reopening its monumental $40 billion funding round on July 28, with SoftBank committing $22.5 billion—but only if the AI giant restructures by year-end. The deal comes amid tensions over a $500 billion data center project and legal battles questioning OpenAI's commitment to its original mission.