OpenAI expands Oracle data center deal
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Crusoe, the startup behind the first data center for OpenAI’s $500 billion Stargate project, is seeking around $1 billion in new equity, The Information reported Wednesday . The firm is both a real estate developer that builds data centers for other companies and a cloud provider that rents out AI chips from its facilities.
Just over a year ago, Altman broke into the clay and sand of Abilene, Texas, to begin building the biggest data center in the world. The Stargate campus, when completed, would be about 60 acres larger than New York City’s Central Park. Construction of the campus’ first two buildings is scheduled to finish this summer.
The latest agreement between OpenAI and Oracle will expand Stargate’s data center capacity, ultimately surpassing the halfway point of their goal.