tech
February 23, 2026
OpenAI and SoftBank are starting a $500 billion AI data center company
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TL;DR
- The Stargate Project is beginning its buildout in Texas.
- Initial equity funders include SoftBank, OpenAI, and Oracle, committing $500 billion over four years.
- Tech partners involved are Arm, Microsoft, Nvidia, Oracle, and OpenAI.
- Oracle, NVIDIA, and OpenAI will collaborate to build and operate the computing system.
- Microsoft and OpenAI have updated their partnership, extending it through 2030.
- Microsoft has made a new, large Azure commitment for OpenAI's products and training.
- Microsoft has a right of first refusal over OpenAI building new capacity.
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