OpenAI and SoftBank Group partner with SB Energy
Summary
OpenAI and SoftBank Group are each investing $500 million into SB Energy to support AI data center infrastructure development as part of the Stargate initiative, with OpenAI signing a 1.2 GW data center lease in Milam County, Texas. SB Energy will also become an OpenAI customer and secured an additional $800 million from Ares.
View Cached Full Text
Cached at: 04/20/26, 02:52 PM
Similar Articles
OpenAI, Oracle, and SoftBank expand Stargate with five new AI datacenter sites
OpenAI, Oracle, and SoftBank announced five new U.S. AI data center sites for the Stargate infrastructure project, bringing total planned capacity to nearly 7 gigawatts and over $400 billion in investment over three years. The expansion includes sites in Texas, New Mexico, Ohio, and Wisconsin, with plans to reach the original $500 billion, 10-gigawatt commitment by end of 2025.
Announcing The Stargate Project
OpenAI announces The Stargate Project, a $500 billion infrastructure investment over four years to build AI computing capacity in the United States, with initial funding from SoftBank, OpenAI, Oracle, and MGX, beginning deployment with $100 billion immediately.
Stargate advances with 4.5 GW partnership with Oracle
OpenAI and Oracle announced a partnership to develop 4.5 gigawatts of additional Stargate data center capacity in the U.S., bringing total Stargate infrastructure to over 5 gigawatts and supporting OpenAI's $500 billion investment commitment. The project is expected to create over 100,000 jobs and represents a major milestone in advancing U.S. AI infrastructure leadership.
OpenAI’s AI spending spree has ballooned to $750B
OpenAI announced a $750 billion infrastructure spending plan through 2030, including a $20 billion data center campus in Georgia called Project Camellia, powered largely by natural gas.
Scaling AI for everyone
OpenAI announces $110B in new investment at a $730B pre-money valuation, including major funding from SoftBank, NVIDIA, and Amazon, along with strategic partnerships to expand compute capacity and global reach for AI products. The funding aims to accelerate deployment of frontier AI across consumers, developers, and enterprises worldwide.