AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Instagram Outage Disrupts Thousands of U.S. Users 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
OpenAI, Oracle, and SoftBank have announced plans to accelerate the massive $500 billion Stargate project, an ambitious private-sector initiative designed to build the next generation of artificial intelligence infrastructure in the United States. The expansion, unveiled on Tuesday, underscores how major tech companies and government leaders are prioritizing AI as a driver of innovation, economic growth, and global competitiveness.
The Stargate initiative, first introduced in January when President Donald Trump hosted top technology executives at the White House, aims to deliver 10 gigawatts of total data center capacity. OpenAI confirmed that three new sites will be built with Oracle in Shackelford County, Texas, Dona Ana County, New Mexico, and a third undisclosed location in the Midwest. In addition, two more AI data centers will rise in Lordstown, Ohio, and Milam County, Texas, through collaboration between OpenAI, SoftBank, and a SoftBank affiliate.
With these additions, Stargate’s data center network will reach nearly 7 gigawatts of capacity and over $400 billion in investment within the next three years. The ultimate goal remains a 10-gigawatt footprint, fueling the computing power needed to advance generative AI platforms such as ChatGPT and Microsoft’s Copilot.
The new facilities are expected to generate around 25,000 onsite jobs, marking a major boost for regional economies. OpenAI CEO Sam Altman emphasized the importance of compute infrastructure, stating that “AI can only fulfill its promise if we build the compute to power it.”
This announcement follows Nvidia’s pledge to invest up to $100 billion in OpenAI, supplying high-performance data center chips critical to the project. According to reports, OpenAI and its partners plan to leverage debt financing to lease chips for Stargate.
As AI becomes a strategic priority in defense, technology, and international competition—particularly with China’s push to catch up—the U.S. is doubling down on its role as a global leader in artificial intelligence innovation.
