PANews reported on March 10th, citing CNBC, that OpenAI has abandoned its plans to expand its Stargate data center in Abilene, Texas, with Oracle, and is insteadPANews reported on March 10th, citing CNBC, that OpenAI has abandoned its plans to expand its Stargate data center in Abilene, Texas, with Oracle, and is instead
OpenAI plans to discontinue its cooperation with Oracle's Texas data center expansion, shifting its core focus to Nvidia's next-generation chips.
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
PANews reported on March 10th, citing CNBC, that OpenAI has abandoned its plans to expand its Stargate data center in Abilene, Texas, with Oracle, and is instead seeking to deploy a new generation of Nvidia GPU clusters. The report notes that the existing Abilene project plans to use Nvidia Blackwell chips and is expected to be powered up in a year, while OpenAI hopes to use more powerful next-generation chips at other locations by then. Oracle currently relies heavily on debt to finance its AI infrastructure expansion, with over $100 billion in debt and negative free cash flow. Its partner, Blue Owl, has also refused to fund the new facilities. Analysts suggest that the faster pace of GPU upgrades compared to data center construction cycles could result in infrastructure being outdated by the time it reaches production.
Market Opportunity
NodeAI Price(GPU)
$0.03107
$0.03107$0.03107
USD
NodeAI (GPU) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Donald Trump Petitions Supreme Court To Remove Fed Governor Lisa Cook
The post Donald Trump Petitions Supreme Court To Remove Fed Governor Lisa Cook appeared on BitcoinEthereumNews.com. U.S. President Donald Trump is forging ahead with his plan to remove Fed Governor Lisa Cook, as the Justice Department has filed a petition on his behalf to allow him to remove her. This follows the FOMC meeting yesterday, in which the Fed cut rates for the first time this year, leading to a crypto market rally. Trump Petitions Supreme Court On Lisa Cook Case A court filing shows that the Justice Department, on behalf of the U.S. president, has asked the apex court to stay the preliminary injunction issued by the U.S. District Court pending appeal to the U.S. Court of Appeals and any further proceedings in the Supreme Court. The Solicitor General also requested an immediate administrative stay of the preliminary injunction. The District Court had earlier issued an injunction reinstating Lisa Cook as a Fed Governor after Trump fired her over the mortgage fraud allegations, which the president described as enough cause in line with the Federal Reserve Act. Meanwhile, the Appeals Court had rejected Trump’s petition to stay this ruling just hours before the FOMC took place on Tuesday. The Fed Governor eventually took part in the Fed meeting and voted in favor of a rate cut as the committee made the first interest rate cut this year, lowering rates by 25 basis points (bps). Trump Seeking Majority Of The Fed It is worth mentioning that the U.S. president had remarked that they would soon have the majority of the Fed around the time when he first attempted to fire Lisa Cook. His attempt to remove the Fed Governor has also come amid his criticism of the Fed for its refusal to lower interest rates, although that has now changed. Despite this, the president has shown that he wants interest rates to come down drastically, which…
Share
BitcoinEthereumNews2025/09/19 03:03
Middle East War Cancels F1 Races and Disrupts Crypto Events in Dubai
TLDR TOKEN2049 Dubai has been postponed to April 2027 and TON Gateway Dubai canceled due to Middle East conflict F1 officially canceled the Bahrain (April 12) and
Share
Coincentral2026/03/15 15:44
Remittix Presale Edges Closer To Sell Out As Only $6 Million Remains
Interest in the best crypto presale opportunities is rising as investors search for projects that combine strong demand with clear utility. Many early-stage launches
Share
Captainaltcoin2026/03/15 15:30