OpenAI and SoftBank each invest $500 million to support SB Energy in building data centers

PANews, January 10 – According to Yicai, OpenAI and SoftBank Group have jointly invested $1 billion in SB Energy, an infrastructure company collaborating with these two tech firms to build large-scale data centers in the United States to support artificial intelligence. OpenAI and SoftBank stated in a joint announcement on Friday that each company will invest $500 million in SB Energy to support the energy company's development as a data center developer and operator. OpenAI also stated that it has selected SB Energy to build and operate its 1.2-gigawatt data center in Milam County, Texas. One gigawatt of electricity is enough to power approximately 750,000 American households simultaneously. The partnership with SB Energy builds upon OpenAI's "Stargate Project."