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2w ago

OpenAI and Oracle Scrap Abilene Stargate Expansion as Meta Weighs Lease After Nvidia Deposit

Prolonged financing talks signaled a pullback driven by OpenAI's shifting near-term needs.

Stargate AI data center site
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Overview

  • Oracle and OpenAI walked away from a tentative lease for a major Abilene, Texas expansion that would have lifted capacity from about 1.2 gigawatts to 2 gigawatts, according to Bloomberg reporting.
  • Construction at the Stargate site continues and parts of the campus are operational, with companies involved emphasizing ongoing progress.
  • Nvidia placed a $150 million deposit tied to the expansion and pushed to keep its chips at the facility rather than AMD’s, sources told Bloomberg.
  • Meta Platforms is evaluating a lease for the unbuilt expansion from developer Crusoe after the Oracle–OpenAI talks ended, Bloomberg reported.
  • The Abilene project is part of the Stargate effort led by OpenAI, Oracle and SoftBank, which President Trump said could involve up to $500 billion, and Oracle said it remains proud of progress bringing capacity online.