OpenAI and SoftBank Group have announced a strategic partnership, along with SB Energy, to invest $1 billion in developing large-scale AI data centers and energy infrastructure in the U.S. This initiative is part of the broader Stargate project aimed at enhancing domestic AI computing capacity. OpenAI has secured a 1.2 gigawatt data center lease in Milam County, Texas, with SB Energy responsible for development and operations. The project focuses on addressing the growing demand for AI computing while reducing water usage and improving local energy supply. Additionally, SB Energy has obtained $800 million in redeemable preferred equity from Ares, bolstering its financial resources for expansion. This collaboration is expected to create construction jobs, long-term operational positions, and contribute to grid modernization, paving the way for scalable AI-focused data center developments. For more insights on AI, tech, or digital diplomacy, engage with our Diplo chatbot!
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