Oracle is set to spend approximately $40 billion on Nvidia's GB200 chips to enhance OpenAI's infrastructure at a new data center in Texas. This facility is part of the US Stargate Project aimed at strengthening the nation's position in the competitive global AI landscape. Oracle’s investment forms a strategic partnership with OpenAI, reducing its reliance on Microsoft. The data center is projected to be operational by mid-2024, with significant financial backing from JPMorgan and other investors to facilitate this ambitious endeavor, including further expansion in the UAE.
Oracle's investment in Nvidia's chips is aimed at bolstering OpenAI's capabilities and expanding Oracle's own cloud computing prowess in the competitive AI market.
The new data center in Texas is designed not just for OpenAI, but as a significant move by Oracle to challenge the dominance of Microsoft, Amazon, and Google.
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