OpenAI, Oracle, SoftBank Plan Five New AI Data Centers for $500 Billion Stargate Project
- Oct 6, 2025
- 1 min read
Major expansion of AI infrastructure aims to meet surging demand with substantial investments and strategic partnerships.
OpenAI, in collaboration with Oracle and SoftBank, has announced plans to construct five new AI data centers under the $500 billion Stargate project. The initiative is poised to deliver 10 gigawatts of AI computing capacity, with the new centers located in Texas, New Mexico, Ohio, and the Midwest. The project is expected to generate 25,000 onsite jobs and bring total investment to over $400 billion, highlighting the escalating demand for AI infrastructure.
The Stargate project aims to provide 10 gigawatts of AI computing capacity.
New data centers will be situated in Texas, New Mexico, Ohio, and the Midwest.
The initiative is expected to create 25,000 onsite jobs.
Total investment in the project exceeds $400 billion.
Strategic partnerships include Oracle and SoftBank, with Nvidia committing up to $100 billion in chip supply.
“The Stargate initiative aims to deliver 10 gigawatts of AI computing capacity, with the new centers located in Shackelford County (TX), Dona Ana County (NM), Milam County (TX), Lordstown (OH), and an undisclosed Midwest location.”
CONCLUSION
The Stargate project exemplifies a significant undertaking in the AI infrastructure sector, involving substantial investments and strategic partnerships. The financing structures, including debt financing and equity investments, underscore the complexities and scale of modern infrastructure projects. This development is pertinent to the Projects & Finance category, highlighting trends in large-scale project financing and the growing importance of AI infrastructure.
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