Stargate

Oracle shares slid as investors questioned AI data-center spending, negative free cash flow, and new capital raises.

OpenAI has reportedly moved away from first-party Stargate data centers toward more flexible compute leasing deals.

A UK government-backed AI data centre initiative has been paused, with officials citing national infrastructure challenges as a setback to Britain's AI ambitions.

Three senior OpenAI Stargate infrastructure executives are set to join Meta Platforms to support its AI infrastructure projects and Meta Superintelligence Labs.

OpenAI has paused its landmark UK Stargate AI infrastructure project, dealing a blow to Britain's AI ambitions amid energy costs and regulatory concerns.

Iran has threatened OpenAI's Stargate data center project in the UAE, where construction is underway targeting 200 megawatts of capacity by end of 2026.

Microsoft has stepped in to take over a large-scale AI data center expansion in Texas that OpenAI had originally planned to lead under the Stargate initiative, signaling a strategic shift in how the two companies are dividing infrastructure responsibilities for the AI buildout.

OpenAI and Oracle have scrapped plans to expand their Abilene, Texas Stargate AI data center from 1.2 GW to 2.0 GW after financing negotiations collapsed and reliability issues emerged, with Nvidia helping attract Meta as a potential replacement tenant.