Oracle and OpenAI drop Texas data center expansion…
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Oracle and OpenAI drop Texas data center expansion Stargate plan
March 6 (Reuters) - Oracle and OpenAI have abandoned plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI's changing needs, Bloomberg News reported on Friday, citing people familiar with the matter.
The plan is part of the Stargate initiative, a project of up to $500 billion and 10 gigawatts that includes SoftBank Group (9984.T), opens new tab https://www.reuters.com/markets/companies/9984.T, OpenAI and Oracle (ORCL.N), opens new tab https://www.reuters.com/markets/companies/ORCL.N. t was announced by U.S. President Donald Trump in January 2025.
#technology #hardware I
March 6 (Reuters) - Oracle and OpenAI have abandoned plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI's changing needs, Bloomberg News reported on Friday, citing people familiar with the matter.
The plan is part of the Stargate initiative, a project of up to $500 billion and 10 gigawatts that includes SoftBank Group (9984.T), opens new tab https://www.reuters.com/markets/companies/9984.T, OpenAI and Oracle (ORCL.N), opens new tab https://www.reuters.com/markets/companies/ORCL.N. t was announced by U.S. President Donald Trump in January 2025.
#technology #hardware I
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