Announced by President Donald Trump in January 2025, Stargate is a $500 billion generative AI infrastructure venture in the US, led by OpenAI, Oracle, Japanese telecoms giant SoftBank, and MGX, an investment firm based in the United Arab Emirates. OpenAI intends to operate the data centres. Oracle will provide server infrastructure and leasing.

OpenAI has agreed to rent a massive amount of computing power from Oracle Corp. data centers as part of its Stargate initiative, underscoring the intense requirements for cutting-edge artificial intelligence products.

OpenAI has agreed to lease 4.5 gigawatts of computing power from Oracle in a deal worth about $30bn a year that is one of the largest cloud agreements to date for artificial intelligence. The deal marks a big expansion of OpenAI’s “Stargate” data centre project,