Benzingaยท2025-09-24 09:08Group 1 - OpenAI, Oracle, and SoftBank announced plans to build five new data centers in the U.S. as part of the $500 billion Stargate project aimed at advancing artificial intelligence capabilities [1][2] - The new data centers will be located in Shackelford County, Texas; Dona Ana County, New Mexico; and an undisclosed site in the Midwest, with two additional centers in Lordstown, Ohio, and Milam County, Texas [2] - The project is expected to create approximately 25,000 onsite jobs [2] Group 2 - The Stargate initiative aims for a total capacity approaching seven gigawatts, with over $400 billion in investments planned over the next three years, and a long-term goal of reaching 10 gigawatts [3] - OpenAI CEO Sam Altman emphasized the necessity of building the compute infrastructure to unlock the full potential of AI [4] - Oracle's CEO highlighted the company's AI infrastructure as crucial for OpenAI's rapid growth [5] Group 3 - The U.S. administration supports the Stargate project as a means to maintain national security and global competitiveness against rivals like China [6] - Nvidia announced plans to invest up to $100 billion in OpenAI, providing advanced chips to support the Stargate rollout, which will include deploying 10 gigawatts of Nvidia-powered systems for AI training and inference [7] - The deal with Nvidia is seen as a pivotal moment in the AI arms race, pressuring competitors like Meta, Amazon, Alphabet, and Microsoft to increase capital spending [8]