BUENOS AIRES (Reuters) -OpenAI and Sur Energy have signed a letter of intent for a data center project in Argentina requiring an investment of up to $25 billion, the nation's government said on Friday.

The project would involve a large-scale facility with a capacity of up to 500 megawatts to support advanced artificial intelligence computing, according to a government statement.

Structured under Argentina's RIGI tax break scheme which went into effect last year, the project, if completed, would be "one of the largest technology and energy infrastructure initiatives," in the country's history, the statement said.