OpenAI and SoftBank invest $1 billion in SB Energy for AI infrastructure

OpenAI and SoftBank Group will invest $1 billion in SB Energy to support OpenAI's artificial intelligence infrastructure, including a planned 1.2 gigawatt data center site in Milam County, Texas; the move is linked to the previously announced $500 billion Stargate commitment.

OpenAI and SoftBank Group announced a $1 billion investment in SB Energy to support OpenAI's expanding AI infrastructure. The announcement ties into the $500 billion Stargate commitment that OpenAI, SoftBank and Oracle announced in January. As part of the agreement, SB Energy will build and operate a previously announced 1.2 gigawatt data center site in Milam County, Texas. SB Energy is backed by SoftBank and Ares Management. Key facts: - OpenAI and SoftBank Group plan to invest $1 billion in SB Energy, according to the release. - The investment is described as supporting OpenAI's AI infrastructure buildout and is linked to the Stargate commitment. - SB Energy will build and operate a 1.2 gigawatt data center site in Milam County, Texas that OpenAI announced in September. - Greg Brockman, OpenAI's president, said the partnership combines SB Energy's infrastructure and OpenAI's data center engineering expertise. - SB Energy is backed by SoftBank and Ares Management. Summary: The funding is intended to accelerate OpenAI's ability to scale compute by enabling construction and operation of the 1.2 gigawatt Texas data center and connects to the broader $500 billion Stargate commitment announced in January. Specific construction timelines and further implementation details were not stated. Undetermined at this time.