00:00It's Benzinga, bringing Wall Street to Main Street.
00:02OpenAI, Oracle, and SoftBank announced Tuesday they will build five new U.S. data centers,
00:06according to Benzinga.
00:08A $500 billion Stargate project is a private sector initiative aimed at powering the next
00:12wave of artificial intelligence.
00:14OpenAI will expand with Oracle sites in Texas, New Mexico, and the Midwest, while SoftBank
00:18will lead projects in Ohio and Texas.
00:20The builds are expected to create 25,000 on-site jobs and expand Stargate's capacity
00:24toward a 10-gigawatt goal.
00:26OpenAI CEO Sam Altman said building sufficient compute is essential for AI to deliver benefits
00:32to all and unlock future breakthroughs.
00:34The project, unveiled in January at a White House meeting with Trump and tech CEOs, is
00:38backed by NVIDIA's recent $100 billion investment in OpenAI.
00:42Oracle shares fell 4.36%, and NVIDIA slipped 2.82% on Tuesday, according to Benzinga Pro.
00:48For all things money, visit Benzinga.com.
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