Oracle and OpenAI expand Stargate project with 4.5 gigawatts of data center capacity, part of a $500 billion U.S. AI infrastructure investment creating over 100,000 jobs.

The latest agreement between OpenAI and Oracle will expand Stargate’s data center capacity, ultimately surpassing the halfway point of their goal.

OpenAI is scaling up its plans with Oracle. Meanwhile, questions remain about Softbank's involvement in the Stargate AI project.

OpenAI confirms a $30B per year deal with Oracle to power the massive Stargate AI infrastructure project. Read more!

The partnership is part of OpenAI’s Stargate initiative, an ambitious $500 billion plan to build out 10 gigawatts of AI infrastructure across the US over the next four years.

Who's picking up the tab again? AI hype man and OpenAI CEO Sam Altman has convinced his buddies at Oracle to bring an additional 4.5 gigawatts of datacenter capacity online in the US as part of the startup's Stargate initiative.

Oracle and OpenAI are developing additional data-center capacity for the AI infrastructure project — but Evercore says investors are wondering how Oracle will finance the cost.

Oracle stock was down after a report the Stargate AI project has been scaled back in the near term. But the company is still set to gain from a huge deal with OpenAI.