Oracle, OpenAI and SoftBank Unveil $400 Billion Stargate Data Center Expansion Despite AI Investment Concerns
Summary
Oracle, OpenAI and SoftBank announce five new U.S. data centers for their $400 billion Stargate project, accelerating toward 10 gigawatts capacity despite MIT research showing only 5% of AI pilot programs achieve rapid revenue growth.
Key Points
- Oracle, OpenAI and SoftBank announce construction of five new U.S. data center sites for the Stargate project, bringing total investment to $400 billion over three years with nearly 7 gigawatts of capacity
- The new data centers will be located in Ohio, Texas, New Mexico and the Midwest, putting the project ahead of schedule toward its goal of 10 gigawatts and $500 billion investment
- Despite massive AI infrastructure investments, an MIT report shows only 5% of AI pilot programs achieve rapid revenue acceleration, raising questions about return on investment