Everyone's still throwing billions at AI data centers
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Everyone’s still throwing billions at AI data centers

From $100 billion OpenAI commitments to $100,000 visa fees, this week showed just how much the tech landscape is shifting. On the latest episode of Equity, Anthony Ha and Max Zeff unpack the AI infrastructure gold rush and tech’s talent shuffle. Watch the full episode for more about:   Equity is TechCrunch’s flagship podcast, produced by...

OpenAI Teams Up With Oracle and SoftBank to Build 5 New Stargate Data Centers
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OpenAI Teams Up With Oracle and SoftBank to Build 5 New Stargate Data Centers

OpenAI is planning to build five new data centers in the United States as part of the Stargate initiative, the company announced on Tuesday. The sites, which are being developed in partnership with Oracle and SoftBank, bring Stargate’s current planned capacity to nearly 7 gigawatts—roughly the same amount of power as seven large-scale nuclear reactors....

A photo of the "Stargate I" site in Abilene, Texas.
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Why does OpenAI need six giant data centers?

Training next-generation AI models compounds the problem. On top of running existing AI models like those that power ChatGPT, OpenAI is constantly working on new technology in the background. It’s a process that requires thousands of specialized chips running continuously for months. The circular investment question The financial structure of these deals between OpenAI, Oracle,...