OpenAI Opens First $500 Billion Stargate Data Center in Texas, Plans Five More Sites
Summary
OpenAI launches its first $500 billion Stargate data center in Abilene, Texas, announcing five additional sites across multiple states with over $400 billion investment planned to address AI's massive compute shortage while projecting $13 billion revenue this year.
Key Points
- OpenAI launches its first data center in Abilene, Texas as part of the $500 billion Stargate project, with the facility now operational and powered by Oracle Cloud Infrastructure and Nvidia chips
- The company announces five additional Stargate sites across Texas, New Mexico, Ohio and the Midwest, bringing total investment to over $400 billion over three years with nearly 7 gigawatts of capacity
- OpenAI projects $13 billion in revenue this year and plans to fund the massive infrastructure expansion through cash flow and debt financing to address what executives call a 'massive compute crunch' in AI