OpenAI and Sur Energy Plan $25 Billion Data Center Project in Argentina

OpenAI, Sur Energy weigh $25 billion Argentina data center project - The Economic Times

OpenAI and Sur Energy are set to build a massive data center in Argentina. This project, valued up to $25 billion, will support advanced artificial intelligence computing. The facility will have a capacity of 500 megawatts. This initiative is expected to be one of the largest technology and energy infrastructure projects in Argentina's history.OpenAI and Sur Energy have signed a letter of intent for a data center project in Argentina requiring an investment of up to $25 billion, the South American nation's government said on Friday. The project would involve a large-scale facility with a capacity of up to 500 megawatts to support advanced artificial intelligence computing, according to a government statement. Structured under Argentina's RIGI tax break scheme which went into effect last year, the project, if completed, would be "one of the largest technology and energy infrastructure initiatives," in the country's history, the statement said. OpenAI, which now has more than 800 million weekly ChatGPT users, became the world's most valuable startup, with a $500 billion valuation, after completing a secondary share sale last week. "We are proud to announce plans to launch Stargate Argentina, an exciting new infrastructure project in partnership with one of the country's leading energy companies, Sur Energy," OpenAI CEO Sam Altman said on social media. Altman added that it was the first Stargate project in Latin America, a region "full of talent, creativity and ambition." Earlier this week OpenAI had touted new partnerships at its developer conference, revealing a flurry of collaborations with companies including Spotify Zillow and Mattel while debuting a set of fresh tools to help developers build new applications.

Sur Energy and OpenAI sign $25 billion data center deal in Argentina By Investing.com

Investing.com -- Sur Energy and OpenAI have signed a letter of intent for a data center project in Argentina that will require an investment of up to $25 billion, according to an announcement from the Argentine government on Friday. The agreement marks a significant investment in Argentina's technology infrastructure. The government statement confirmed the partnership between the artificial intelligence company and Sur Energy for the development of the new data center facilities. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.