Oracle and OpenAI Scrap Texas Data Centre Deal, Meta in Talks
Oracle and OpenAI have terminated their agreement to expand a flagship data center in Texas, with Meta reportedly in discussions to take over the computing capacity that OpenAI will no longer use.
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Oracle and OpenAI scrap deal to expand flagship Texas data centre
Meta in talks to take up additional computing capacity that the ChatGPT maker will not take up
Read full article →Oracle & OpenAI Scrap Texas Data Center Expansion Plan, Sending AI Stocks Lower
Oracle & OpenAI Scrap Texas Data Center Expansion Plan, Sending AI Stocks Lower AI-related stocks are sliding late in the New York cash session after Bloomberg News reported that Oracle and OpenAI have scrapped plans to expand the Stargate AI data center in Abilene, Texas, from about 1.2 GW to 2.0 GW. Sources said the expansion was canceled after talks stalled over financing issues and OpenAI's changing demand forecasts. However, the collapse of the Oracle-OpenAI plans has open...
By Tyler Durden
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