OpenAI and Softbank Group announce $1 billion investment in SB Energy
CNBC••business
Key Points:
- OpenAI and SoftBank plan to invest $1 billion in SB Energy to support OpenAI's AI infrastructure development, including building a 1.2 gigawatt data center in Milam County, Texas.
- This investment is part of the $500 billion Stargate initiative announced last January, aiming to scale AI compute through optimized data centers combining OpenAI's design expertise with SB Energy's infrastructure and energy capabilities.
- SB Energy, backed by SoftBank and Ares Management, will operate the data center and has formed a preferred partnership with OpenAI and SoftBank to develop a new model for data center construction emphasizing speed, cost efficiency, and integrated energy delivery.
- SoftBank has deepened its involvement with OpenAI, leading a $40
