Oracle joins OpenAI and SoftBank on Stargate: $500 billion AI infrastructure venture

Oracle Corporation/OCI Zettascale / Stargate

President Trump announced Stargate on January 21, 2025, a $500 billion joint venture with OpenAI, SoftBank, Oracle, and MGX to build exascale AI data centers across the U.S. Oracle will design and operate Zettascale data centers deploying NVIDIA GPUs for model training and inference. Initial $100 billion deployment targets first operational sites in 2025.

• Stargate aims to deploy 10+ gigawatts across multiple U.S. sites by 2029.
• Oracle provides infrastructure design and operations; OpenAI provides compute demand.
• First Abilene, Texas site operational in 2026 at 0.3 GW with expansion planned.