financetom
Business
financetom
/
Business
/
Oracle, OpenAI to add 4.5 gigawatts data center capacity for Stargate venture
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Oracle, OpenAI to add 4.5 gigawatts data center capacity for Stargate venture
Jul 22, 2025 4:12 AM

(Reuters) -Cloud firm Oracle and OpenAI plan to develop 4.5 gigawatts of additional data center capacity, the ChatGPT developer said on Tuesday.

The commitment is part of their Stargate joint venture, which aims to establish the United States as a leader in artificial intelligence amid intensifying global competition.

Including a data center site in Abilene, Texas, the expansion will bring the total data center capacity under construction to more than 5 gigawatts and is expected to operate more than 2 million chips, the company said.

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 >
Accenture Buys UK-Based Consulting Firm Decho for Undisclosed Sum
Accenture Buys UK-Based Consulting Firm Decho for Undisclosed Sum
Oct 14, 2025
06:07 AM EDT, 10/14/2025 (MT Newswires) -- Accenture ( ACN ) said Tuesday it has acquired UK-based technology consulting firm Decho for an undisclosed sum. The acquisition boosts Accenture's ( ACN ) strategic advisory and advanced engineering capabilities for Palantir offerings, Accenture ( ACN ) said. Decho's team of over 40 engineers is expected to join Accenture's ( ACN )...
Ivory Coast cocoa grind down 38.6% y/y in September, exporters association says
Ivory Coast cocoa grind down 38.6% y/y in September, exporters association says
Oct 14, 2025
ABIDJAN, Oct 14 (Reuters) - Ivory Coast's cocoa grind down 38.6% year-on-year in September to 33,764 metric tonnes compared with the same period a year ago, data from exporter association GEPEX showed on Tuesday. The total grind from the start of the 2024/25 season in October stood at 588,194 tonnes of beans by the end of September, down 9.9% from...
Unity Bancorp Q3 net income falls 
Unity Bancorp Q3 net income falls 
Oct 14, 2025
Overview * Unity Bancorp ( UNTY ) Q3 net income decreases to $14.4 mln, EPS at $1.41 * Company's loans and deposits grew sequentially by 3.6% and 3.7% respectively * Unity Bancorp ( UNTY ) opens 22nd branch in Madison, NJ, expanding footprint Outlook * Unity Bancorp ( UNTY ) aims to grow loans and deposits at a mid-to-high single-digit...
Cenovus Energy acquires 8.5% of MEG Energy shares
Cenovus Energy acquires 8.5% of MEG Energy shares
Oct 14, 2025
Oct 14 (Reuters) - Cenovus Energy ( CVE ) said on Tuesday it has acquired about 21.7 million common shares of MEG Energy ( MEGEF ). With this acquisition, Cenovus now owns or controls about 8.5% of MEG's outstanding shares. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved