Benzinga·2026-01-10 02:46Investment Overview - OpenAI and SoftBank Group are collaborating on a $1 billion investment in SB Energy to develop AI data centers in the U.S. as part of the Stargate project [1] - Each company will invest $500 million in SB Energy, a subsidiary of SoftBank, to address the increasing demand for AI computing power [2] Project Details - OpenAI has selected SB Energy to build and operate a 1.2 GW data center in Milam County [2] - SB Energy is currently developing multiple multi-gigawatt data center campuses, with the first facilities expected to be operational by 2026 [3] - The partnership aims to expedite the establishment of advanced AI data center campuses and the necessary energy infrastructure to support the Stargate initiative and enhance the U.S. AI landscape [3] SoftBank's Strategic Moves - This partnership follows SoftBank's significant $40 billion investment in OpenAI, highlighting its commitment to the AI sector [4] - SoftBank previously sold $5.8 billion worth of Nvidia shares to finance its investment in OpenAI [4]