18 stories found
OpenAI has put its "Stargate" initiative, aimed at building next-generation AI infrastructure in the UK, on hold, attributing the decision to regulatory conditions and high energy costs.
OpenAI has put its plans for a significant £31 billion investment project in the UK, known as Stargate, on hold. The artificial intelligence company cited high energy costs and regulatory concerns as reasons for the decision.
Iran has issued a threat of 'complete and utter annihilation' against OpenAI's $30 billion Stargate AI data center located in Abu Dhabi, reportedly posting a video with satellite imagery of the facility.
Datacentre investment boom is one of the biggest infrastructure gambles of this era, and Britain may be uniquely exposed Stargate was to be the world’s biggest AI investment: a $500bn infrastructure project to “secure American leadership in AI”. Never shy of hyperbole, its key backer, the ChatGPT-maker OpenAI, promised “massive economic benefit for the entire world” with facilities to help people “use AI to elevate humanity”. Now, OpenAI appears to be dropping out of a part of the deal – the ...
SoftBank Group's shares have slumped and its credit default swaps widened due to concerns surrounding its Stargate AI initiative. Investors are reacting to potential risks or uncertainties related to the ambitious AI project.
OpenAI's ambitious $500 billion Stargate data centre project is facing significant setbacks, including stalled timelines and financing issues.
OpenAI has halted its ambitious Stargate AI project in the United Kingdom, citing high energy prices and regulatory uncertainties as reasons for the pause. The company expressed potential for the UK's AI future but requires favorable investment conditions.
IRGC media reports that Iran rejected a US ceasefire proposal, responding instead with a barrage of missiles.
A report indicates that Microsoft has expressed interest in the unfinished Oracle Stargate site located in Abilene, suggesting potential expansion or acquisition plans in the technology sector.
The ambitious $500 billion Stargate AI data center project, a collaboration between OpenAI and SoftBank, has reportedly stalled due to internal disagreements between the partners and significant funding challenges.
OpenAI has halted its ambitious data center project in the UK, which was planned as part of a tech investment package, citing concerns over high energy costs and regulatory challenges.
Iran's Islamic Revolutionary Guard Corps (IRGC) has issued a clear threat to completely annihilate OpenAI's $30 billion Stargate data center located in Abu Dhabi.
Microsoft is reportedly moving forward with plans to rent unused capacity at a flagship data center in Texas, known as the Stargate site, which was previously dropped by Oracle and OpenAI.
Sheryl Sandberg and Nick Clegg have joined the board of Nscale, a 'Stargate Norway' startup, as the company achieves a significant $14.6 billion valuation.
Oracle and OpenAI have canceled their plans to expand the flagship Stargate data center in Abilene, Texas, following months of unsuccessful negotiations over financing and changing demand.
Google executives meet with officials at a Google data center in Midlothian, Texas. Fortune via Reuters Connect Northern Virginia is home to the world's largest data center market. That could soon change, as Big Tech ramps up data center construction across the US. West Texas, Tennessee, Wisconsin, and Ohio are emerging as key markets. The old saying "Everything is bigger in Texas" now applies to data centers. The Lone Star State is on track to unseat Virginia as the world's largest data center market by 2030, new research from Jones Lang LaSalle shows. The shift indicates how drastically the data center development boom has reshaped the US's digital infrastructure map and the landscape as a whole. Amazon, Microsoft, Google, and Meta plan to spend more than $600 billion on AI infrastructure expansion in 2026 — a number so dizzyingly high that Wall Street is on high alert for signs of an AI bubble. More than half of all data center construction in the US now happens outside the industry's traditional hubs, according to JLL's North America Data Center Report — Year-End 2025. Tennessee, Ohio, Wisconsin, and Texas are now considered the top emerging markets for data centers. Texas alone has 6.5 gigawatts of data center capacity under construction. That amount of power is roughly equivalent to more than three Hoover Dams or over 17,000 Tesla Model 3s when using the US Department of Energy's standard, and it accounts for about one-fifth of the 35 gigawatts of data center capacity the US added to its pipeline. That 35 gigawatts is roughly equivalent to the annual electricity consumption of the UK or Italy, and adding it would nearly double the existing data center capacity in the US, according to JLL. Part of Texas's appeal is its sprawl. The state houses some of the most ambitious data center projects in the country. Oracle and OpenAI's flagship Stargate data center is in Abilene, Google is planning a $40 billion expansion in West Texas, and Meta is building a massive new site in El Paso, just to name a few. Texas also has abundant energy resources, which is good news for data center developers. The AI boom has driven electricity demand to new heights and strained the nation's power grid. In Texas, several data centers — including Stargate — are being built alongside on-site power plants. Northern Virginia has been the data center industry's central hub for more than 15 years, going back to the early days of cloud computing. That has changed rapidly as Big Tech spreads out across the country in search of available power, cheap land, and the best tax incentive packages for the coming wave of AI data centers. Have a tip? Contact this reporter via email at ethomas@businessinsider.com or on Signal at 929-524-6964. Read the original article on Business Insider