Oracle to spend $ 40 billion on NVIDIA GB200 chips for the Texas Data Data Center: Apple Report (Nasdaq: Aapl), JPMorgan Chase (Nyse: JPM)

Oracle Corp. Orcl According to what was reported, he is planning to spend approximately $ 40 billion to buy 400,000 Nvidia Corp.’s Nvda GB200 AI “Superchips” to run a huge new data center for Openai In Abeleen, Texas.

What happened: The site is part of Stargate, an artificial intelligence infrastructure project worth $ 500 billion led by Openai and Softbank Group Corp. SFTBF Sftby.

Once you are completed, the facility will offer 1.2 GB of energy, making it one of the largest artificial intelligence data centers in the world, according to A A report from the Financial Times, citing many people familiar with this issue.

Oracle will rent the site for 15 years and provide an account capacity on Openai, which no longer depends exclusively on Microsoft Corp. Msft To support infrastructure.

Texas facility is developed by Crusoe and Blue Owl capitalWith more than $ 15 billion of debts and shares raised, including a total of $ 9.6 billion of loan Jpmorgan Chase & Co. Jpm.

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The construction started in June 2024, and the center is expected to work in full by mid 2016.

Once finished, its scale will be similar to Elon Musk The proposed expansion at the “Colossus” data center in Memphis, Tennessee, which aims to accommodate about one million NVIDIA chips.

Why is this important: Previously, Openai has relied heavily on the Microsoft Azure Cloud platform. However, earlier this year, the two companies agreed to end the unique deal after the Openai account needs began to excel Microsoft’s capacity, the report said.

Earlier this week, it was also reported that Openai Johnnyf Start AI, IO products, In a deal worth $ 6.5 billion.

IVE, known as iPhone and other iconic design Apple Inc. Aapl Products, will join Openai to develop artificial intelligence devices.

Price work: Oracle shares decreased by 0.013 % in trading after working hours, reaching 155.95 dollars at the time of writing this report, after a decrease of 0.85 % during regular trading hours on Friday, according to L. Benzinga Pro.

Benzinga Edge shares Oracle gives a growth degree of 31.75 %, highlighting the company’s powerful market momentum. Click here to see how other stocks compare.