- CoreWeave and Microsoft are partnering on the Stargate platform to develop 4.5 GW of data center capacity, with the initial site located in Abilene, Texas.
- White House unveils Stargate AI initiative, backed by Microsoft, with OpenAI leasing Oracle capacity and partnering with Cisco for the Abilene facility.
- Oracle, OpenAI, and Microsoft are utilizing Crusoe's campus in Abilene, which is based in the greater Abilene area.
Nvidia technology is driving AI capacity for customers, including those utilizing Oracle's campus in Abilene.
3 reports, 1 independent
Updated Sep 13
Gone quiet
Reached 3 outlets in its first 24 hours
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Nvidia technology is driving AI capacity for customers, including those utilizing Oracle's campus in Abilene.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Nvidia
American multinational technology company
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OpenAI
American artificial intelligence research organization
- Aggressive AI token consumption is driving unsustainable spending, leading to a noticeable pullback in AI spending across frontier labs.
- Capital outflows due to AI fundraising rounds are currently impacting markets, affecting Bitcoin, OpenAI, Meta, and figures like Michael Saylor and those involved with SpaceX.
Related events
- OpenAI is leasing data center power from Oracle, which is expanding its capacity at sites in Abilene, Michigan, and Georgia.
- Nvidia has strategic investments in Nebius Group, which is competing in the data center market against Oracle, alongside the presence of CoreWeave and OpenAI.
- OpenAI, SpaceX, and Oracle are engaging in multiple new financing and hardware procurement deals with firms like Broadcom, Nvidia, and Goldman Sachs.
- Larry Ellison holds about 40% of Oracle equity as the company competes in the AI infrastructure race alongside OpenAI and Nvidia.
- Oracle is providing computing power for OpenAI's AI work.