01:05 PM EST, 02/06/2025 (MT Newswires) -- A joint venture between Microsoft ( MSFT )-backed (MSFT) OpenAI, SoftBank Group and Oracle (ORCL) is close to choosing additional sites for data centers in Texas, while also considering more projects in other states, Bloomberg reported Thursday, citing an OpenAI spokesperson.

The JV, called Stargate, is aiming to spend billions of dollars to amp up the artificial intelligence infrastructure in the US, the news outlet reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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