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 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.
The announcement comes after the Wall Street Journal’s report on Monday said that Stargate efforts are falling behind as OpenAI and SoftBank disagree over some terms of the project, such as where to build the data centers. The companies are reportedly pulling back from larger near-term plans, and are aiming to build a smaller data center by the end of the year that will likely be located in Ohio.
OpenAI and SoftBank said in a joint statement to the Wall Street Journal that they are “moving at hyperscale and speed to deliver the AI infrastructure that will power the future and serve humanity.” The companies also said that they are continuing to work on projects in several states.
Nopes,I won't be investing in Stargate.
Stick to darling NVDA, AMD, TSM.
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