- 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 and OpenAI are deepening their partnership in the Stargate AI project, securing a $30bn deal and expanding infrastructure.
6 reports, 1 independent
Updated Sep 15
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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
Oracle and OpenAI are deepening their partnership in the Stargate AI project, securing a $30bn deal and expanding infrastructure.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Oracle and OpenAI are actively building the Stargate data center for their AI partnership.1 source
- Abu Dhabi's MGX joins Stargate, and OpenAI secures a $30bn cloud deal with Oracle.
Keep exploring
Part of
White House unveils Stargate AI initiative, backed by Microsoft, with OpenAI leasing Oracle capacity and partnering with Cisco for the Abilene facility.Also in this story
- Oracle, OpenAI, and Microsoft are utilizing Crusoe's campus in Abilene, which is based in the greater Abilene area.
- OpenAI is involved in the Stargate project in Abilene.
- AWS, Masayoshi Son, and others co-chair the $500 billion Stargate AI infrastructure initiative, while SpaceX files for Grok authorization.
The entities involved
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Abu Dhabi
capital city of the United Arab Emirates
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OpenAI
American artificial intelligence research organization
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Oracle
company in Madrid, Spain
Related events
- Oracle and OpenAI are reportedly discussing a potential five-year strategic deal worth over $300 billion, positioning them as major cloud platform providers alongside IBM.
- Larry Ellison holds about 40% of Oracle equity as the company competes in the AI infrastructure race alongside OpenAI and Nvidia.
- Microsoft, Amazon, and Google are deepening AI partnerships with OpenAI, Anthropic, and Meta.
- OpenAI, SpaceX, and Oracle are engaging in multiple new financing and hardware procurement deals with firms like Broadcom, Nvidia, and Goldman Sachs.
- OpenAI is in talks with BlackRock and UAE investment funds, while AI spending concerns are impacting technology stocks, including Tesla.
Coverage
Newest first; wire copies grouped- insidermonkey.comOracle Corporation (NYSE:ORCL)’s Stock Is The One To Watch, Says Jim Cramer
- Unknown outlet
- Unknown outlet