Financial Times said on Friday that Oracle would spend around $ 40 billion on Nvidia’s high -performance chips.
Abiline is part of the US Stargate Project, a data center in Texas, led by top AI firms in the country, which is to promote America’s hate in the artificial intelligence industry amid global competition.
Cloud service provider will buy about 400,000 of NVDia’s most powerful GB200 chips and will lease computing power to Openai, the report states that many people familiar with the case are cited.
Openai and Oracle did not immediately respond to Reuters’ requests for comments, while the NVIDIA spokesperson refused to comment.
The report stated that the data center is expected to be completely operational by the mid -year, and Oracle has agreed to lease the site for 15 years.
The FT report stated that JP Morgan has provided a large share of debt financing in a total of two loans of $ 9.6 billion, while the owners of the site, Cruce and US Investment Firm Blue Owl Capital invested around $ 5 billion in cash.
The data center will help Openai to reduce its dependence on its largest backrist microsoft as the power demand of the CHATGPT manufacturer has carried forward the supply that can provide microsoft.
For Oracle, the data centers and the Stargate firm present the opportunity to promote their cloud computing capabilities and hold market leaders Microsoft, Amazon and Google.
Openai, Oracle, and NVIDIA are also involved in a Stargate project in the Middle East, where a new massive AI data center will be constructed in the United Arab Emirates, using more than one lakh NVIDIA chips.
The first phase of the UAE data center will come online in 2026.
© Thomson Reuters 2025
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