Based on information from sources close to the situation, OpenAI's CEO, Sam Altman, and Oracle's newly appointed Co - CEO, Clay Magouryk, are set to make an announcement on September 23 (local time). They will reveal plans to expand the data center located in Abilene, Texas, USA. At present, Oracle Cloud Services already has operational data centers in this area. Over the next ten years, OpenAI intends to invest hundreds of billions of dollars to lease servers at these existing facilities. This move aligns with the common business practice in the tech industry where companies often expand their data - handling capabilities through strategic partnerships and large - scale investments to meet the growing demand for data storage and processing.