Nvidia to Back OpenAI's Ohio Data Center With a $105 Billion Guarantee — What It Means for the AI Race
Posted on 18th Aug 2026 06:04:36 in Artificial Intelligence, Machine Learning
Tagged as: nvidia, openai, data centers, ai infrastructure, sb energy
Nvidia will guarantee up to $105 billion in lease payments for a massive 8-gigawatt OpenAI data center campus in Pike County, Ohio. Here is what the deal means for AI infrastructure, power grids and the circular financing debate.
Oracle Cuts 30,000 Jobs to Fund $500 Billion Stargate AI Infrastructure Buildout
Posted on 18th Jul 2026 10:05:39 in Artificial Intelligence, Machine Learning
Tagged as: Oracle, AI infrastructure, Stargate, layoffs, data centers, OpenAI, SoftBank, tech workforce
Oracle is eliminating up to 30,000 positions to redirect capital toward the $500 billion Stargate AI infrastructure partnership with OpenAI and SoftBank, marking the largest workforce reduction in company history.