What is OpenAI's Stargate initiative?

The Stargate initiative is a $500 billion project by OpenAI and partners to build AI data centers and infrastructure in the US over four years.

How much did SoftBank and OpenAI invest in SB Energy?

SoftBank and OpenAI each invested $500 million, totaling $1 billion, in SB Energy.

Why are tech firms investing so much in data centers?

Tech firms are investing heavily in data centers to meet the immense and growing power demands required to support artificial intelligence development and operations.

Home / Business and Economy / OpenAI, SoftBank Pour $1B Into AI Data Centers

OpenAI, SoftBank Pour $1B Into AI Data Centers

10 Jan

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Summary

OpenAI and SoftBank invested $1 billion in SB Energy.
The investment supports SB Energy's data center infrastructure buildout.
OpenAI selected SB Energy for a 1.2 GW Texas data center.

OpenAI, SoftBank Pour $1B Into AI Data Centers

OpenAI and SoftBank Group Corp. have announced a substantial $1 billion joint investment in SB Energy, an infrastructure company. This capital infusion is intended to accelerate SB Energy's expansion as a developer and operator of data centers, which are essential for powering the rapid advancements in artificial intelligence.

The partnership specifically designates SB Energy to build and operate OpenAI's new 1.2 gigawatt data center in Milam County, Texas. This facility alone is capable of powering approximately 750,000 U.S. homes, underscoring the immense energy requirements for AI infrastructure.

This initiative is part of OpenAI's broader "Stargate" project, a four-year plan with partners like SoftBank and Oracle Corp. to invest $500 billion in U.S. data centers and AI infrastructure. The move by OpenAI and SoftBank also reflects a wider trend of tech giants securing energy sources to meet their AI ambitions.