OpenAI, Oracle, SoftBank plan five new AI data centers for $500 billion Stargate project

OpenAI, Oracle (ORCL.N), opens new tab and SoftBank (9984.T), opens new tab on Tuesday announced plans for five new artificial intelligence data centers in the United States to build out their ambitious Stargate project.
U.S. President Donald Trump in January hosted top tech CEOs to launch Stargate, a private-sector initiative that plans to spend up to $500 billion to build AI infrastructure.
ChatGPT-maker OpenAI said on Tuesday it will open three new sites with Oracle in Shackelford County, Texas, Dona Ana County, New Mexico and an undisclosed site in the Midwest. Two more data center sites will be built in Lordstown, Ohio and Milam County, Texas by OpenAI, Japan’s SoftBank and a SoftBank affiliate.
The new sites, the Oracle-OpenAI site expansion in Abilene, Texas, and the ongoing projects with CoreWeave (CRWV.O), opens new tab will bring Stargate’s total data center capacity to nearly 7 gigawatts and more than $400 billion in investment over the next three years, OpenAI said.
The $500 billion project was intended to generate 10 gigawatts in total data center capacity.