financetom
Business
financetom
/
Business
/
Australia's NEXTDC, OpenAI sign MoU to co-develop hyperscale AI campus, GPU supercluster
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Australia's NEXTDC, OpenAI sign MoU to co-develop hyperscale AI campus, GPU supercluster
Mar 10, 2026 9:39 PM

Dec 5 (Reuters) - NEXTDC ( NXDCF ) said on Friday it has inked a memorandum of understanding with ChatGPT maker OpenAI to jointly plan, develop and operate a hyperscale AI campus and graphics processing unit, or GPU, supercluster at its S7 site in Sydney.

The Queensland-based data centre operator's S7 site at Eastern Creek in Sydney was acquired last October for nearly A$353 million ($233.37 million) and offers 550 megawatts (MW) of potential capacity.

The AI boom is spurring a global race for data centre capacity, with hyperscale builds luring tech giants and investors, and operators like NEXTDC ( NXDCF ) riding the wave, lifting its contracted utilisation by 71 MW to 316 MW after recent wins.

The Australian Financial Review reported on the deal on Thursday.

($1 = 1.5126 Australian dollars)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Shareholders rejected all 3 proposals in AGM, discloses Dish TV
Shareholders rejected all 3 proposals in AGM, discloses Dish TV
Mar 8, 2022
The Essel group firm is currently locked in a legal battle with its single largest shareholder, Yes Bank Ltd, which had sought reconstitution of the Dish TV board by removing Managing Director Jawahar Goel and four other directors.
Reliance Industries opens largest convention centre at Jio World Centre in Mumbai's BKC
Reliance Industries opens largest convention centre at Jio World Centre in Mumbai's BKC
Mar 4, 2022
Envisioned by Nita Ambani, director of Reliance Industries and founder-chairperson of Reliance Foundation, the centre covers an expanse of 18.5 acres in Mumbai's Bandra Kurla Complex and is set to become an iconic business, commerce and culture destination, giving India and its citizens a world-class landmark.
London Stock Exchange Group adds 1,500 staff at Bengaluru office
London Stock Exchange Group adds 1,500 staff at Bengaluru office
Mar 9, 2022
The London Stock Exchange Group has hired 1,500 employees for the Bengaluru tech centre in 2021, and more than half of its 25,000 employees are now based across Asia-Pacific, it said. The group is present in 70 countries across Asia Pacific, Europe, West Asia, Africa, North America and Latin America.
Mad About Markets: Experts discuss ways to promote gender equality in India
Mad About Markets: Experts discuss ways to promote gender equality in India
Mar 8, 2022
Equality, parity, impartiality- that's what women want! When societies become more equal, economies become more resilient. According to World Economic Forum report, India ranks an abysmal 140 out of 156 countries on the gender gap index. To discuss this, CNBC-TV18 spoke to Shrayana Bhattacharya, Economist at World Bank's Social Protection and Labour Unit for South Asia; Varsha Adusumilli, Founder of Wonder Girls and Tarun Jain, Professor of Economics at Indian Institute of Management, Ahmedabad.
Copyright 2023-2026 - www.financetom.com All Rights Reserved