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You are at:Home » Oracle plans to purchase $40 billion worth of Nvidia chips for OpenAI’s U.S. data center, according to the Financial Times.
Technology

Oracle plans to purchase $40 billion worth of Nvidia chips for OpenAI’s U.S. data center, according to the Financial Times.

Gazet InternationalBy Gazet InternationalMay 26, 2025Updated:May 26, 20252 Mins Read
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Oracle Corporation is an American multinational computer technology company headquartered in Austin, Texas. Co-founded in 1977 in Santa Clara, California, by Larry Ellison, who remains executive chairman.

Oracle (ORCL.N) is set to invest approximately $40 billion in Nvidia’s (NVDA.O) high-performance chips to support OpenAI’s new U.S. data center, according to a report by the Financial Times on Friday.

The facility, located in Abilene, Texas, is part of the U.S. Stargate Project—a major AI initiative involving top American tech firms aimed at strengthening the country’s position in the global artificial intelligence race. Oracle plans to acquire around 400,000 of Nvidia’s most advanced GB200 chips and will lease the resulting computing power to OpenAI, the report stated, citing sources familiar with the deal. The data center is expected to be fully operational by mid-2025, with Oracle committing to a 15-year lease.

According to the report, JPMorgan is providing the bulk of the project’s debt financing through two loans totaling $9.6 billion. The site’s co-owners, Crusoe and U.S. investment firm Blue Owl Capital, have also contributed around $5 billion in equity.

The new data center will help reduce OpenAI’s reliance on its primary backer, Microsoft (MSFT.O), as the company’s rapidly growing AI demands have exceeded Microsoft’s available computing resources. For Oracle, the Stargate Project represents a major opportunity to enhance its cloud infrastructure and better compete with industry leaders like Microsoft, Amazon, and Google (GOOGL.O).

Oracle, Nvidia, and OpenAI are also collaborating on a separate Stargate project in the Middle East. A large-scale AI data center is being developed in the United Arab Emirates, which is expected to utilize over 100,000 Nvidia chips. The first phase of that facility is slated to go live in 2026.

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    Gazet International Magazine is a global entity that works towards providing latest information and news updates of the world. It entraps latest stories in banking, finance, lifestyle and various beats of the world. We engage in recognizing and rewarding the global organizations for their achievements in various fields and deliver justice to the nominees with valued identification and recognition of companies that indulge in the Gazet Award Ceremony.

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