Oracle To Splurge $40 Billion On Nvidia Chips For Mega AI Data Center In Texas
As the U.S. heads into Memorial Day weekend, with pools opening, millions set to travel, and backyard barbecues just ahead, a late-session report from the Financial Times revealed that one of President Trump’s first Project Stargate AI infrastructure projects is underway in Texas.
According to FT’s sources, the under-construction AI data center in Abilene, Texas, is the first U.S. Stargate project, and Oracle is purchasing a staggering 400,000 Nvidia GB200 “Superchips” that will be housed in eight buildings. When the facility comes online next year, the AI chips will require a massive 1.2 gigawatts of electricity.
Site owners Crusoe and Blue Owl Capital have raised $15 billion in debt and equity to finance the Abilene project. JPMorgan provided a sizeable chunk of the debt financing, totaling $9.6 billion across two loans, with $7.1 billion announced this week, according to people familiar with the matter.
Crusoe and Blue Owl have separately invested about $5 billion in cash. Oracle has signed a 15-year lease for the mega project that will be fully operational by mid-2026.
Your hard hat tour of OpenAI’s Stargate megafactory in Abilene, TX with @sama @ChaseLochmiller and lots of red dirt
— Emily Chang (@emilychangtv) May 20, 2025
The Abilene facility is part of the broader Stargate project, a $500 billion effort to scale U.S. AI computing backed by OpenAI, SoftBank, Oracle, and Abu Dhabi’s MGX. The new Abilene data center will rival Elon Musk’s plans to expand his ”Colossus” data center in Memphis, Tennessee.
“The Abilene data center is a crucial step in OpenAI’s move to reduce its dependence on Microsoft,” FT noted, adding, “OpenAI and Microsoft agreed to terminate their exclusivity agreement earlier this year after the startup became frustrated that its demand for power far exceeded the US tech giant’s supply.”
Sources said Oracle will be leasing the computer power of the 400,000 Nvidia GB200 chips to chatbot startup OpenAI.
Meanwhile, massive U.S. data centers continue to come online—even as China’s DeepSeek AI has demonstrated high efficiency, delivering more useful computation with less power. This raises a critical question: Have U.S. AI projects achieved similar levels of efficiency, or are they falling behind in the AI race? Remember what Goldman said about the data center peak capacity in April? Well…
Tyler Durden Fri, 05/23/2025 – 15:25
Source: https://freedombunker.com/2025/05/23/oracle-to-splurge-40-billion-on-nvidia-chips-for-mega-ai-data-center-in-texas/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,699,803,281 |
| Stories: | 8,427,059 |
Whistler Blowers, Insiders
