OpenAI, SoftBank invest $1 billion in Stargate partner SB Energy

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OpenAI and SoftBank Group Corp. have jointly invested $1 billion in SB Energy, an infrastructure company that’s working with the tech firms on a massive US buildout of data centers to power artificial intelligence.

OpenAI and SoftBank will each invest $500 million in SB Energy to support the energy firm’s growth as a data center developer and operator, the companies said in a statement Friday. OpenAI also said it has selected SB Energy to build and operate its 1.2 gigawatt data center in Milam County, Texas. A single gigawatt is enough to power…



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OpenAI, SoftBank invest $1 billion in Stargate partner SB Energy



OpenAI and SoftBank Group Corp. have jointly invested $1 billion in SB Energy, an infrastructure company that’s working with the tech firms on a massive US buildout of data centers to power artificial intelligence.

OpenAI and SoftBank will each invest $500 million in SB Energy to support the energy firm’s growth as a data center developer and operator, the companies said in a statement Friday. OpenAI also said it has selected SB Energy to build and operate its 1.2 gigawatt data center in Milam County, Texas. A single gigawatt is enough to power…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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