On Sept 10, 2025, OpenAI — the company that gave us ChatGPT and kicked off the global artificial intelligence (AI) frenzy with its launch in November 2022 — revealed a massive US$300 billion ($386.32 billion) commitment to purchase computing power from Oracle over a five-year period, starting with an estimated US$30 billion in 2027. Oracle will, in turn, build roughly 4.5gw of power capacity with OpenAI, as part of the broader Project Stargate.
Back in January, OpenAI teamed up with SoftBank, Oracle and MGX to invest in Stargate, which intends to spend up to US$500 billion on building 10gw of new data centres in the US. According to OpenAI, Nvidia will be the “preferred” supplier of chips and networking gear for the project. Less than two weeks later, on Sept 22, Nvidia announced it would be investing US$100 billion in OpenAI. The equity investment will be progressive and milestone-based — the first US$10 billion when the first 1gw data centre is completed and deployed (currently expected by 2H2026) and when OpenAI contracts to purchase Nvidia graphics processing units (GPUs).
