Reported 1 day ago
Oracle is set to purchase approximately $40 billion worth of Nvidia's high-performance chips to support OpenAI's new data center in Texas. This initiative is part of the U.S. Stargate Project aimed at enhancing the country's position in the AI industry. The center, expected to be operational by mid-2026, will allow OpenAI to decrease reliance on Microsoft while Oracle enhances its cloud services to compete with tech giants.
Source: YAHOO