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Sources with inside knowledge of the situation have revealed that on September 23 (local time), Sam Altman, CEO of OpenAI, and Clay Magouryk, Oracle's newly - appointed co - CEO, are anticipated to make an announcement regarding the expansion of a data center in Abilene, Texas, USA. Currently, Oracle Cloud runs data centers in this area. Over the next ten years, OpenAI has ambitious plans to invest hundreds of billions of dollars. It intends to lease servers from these existing Oracle Cloud facilities to bolster the growth of its AI infrastructure. On the day preceding the announcement event, a significant development took place. Altman, along with Jensen Huang, CEO of NVIDIA, declared that NVIDIA would pour up to $100 billion into OpenAI. This substantial investment is aimed at facilitating OpenAI's data center development endeavors.
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