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OpenAI Reports Stargate Data Center Program Ahead of Schedule at $500 Billion Budget
OpenAI stated its $500 billion Stargate data-center program is progressing faster than planned due to increasing demand for computing power. The initiative has shifted from a joint venture to bilateral agreements. Meanwhile, tech giants like Meta plan massive AI investments amid rising costs.
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OpenAI stated that its $500 billion Stargate data-center program is ahead of schedule, driven by growing demand that requires building more compute faster. The program, announced in January 2025, has changed from a joint venture with several funders to a series of bilateral agreements, Semafor reported, citing the Financial Times. Semafor published the article on April 30, 2026, at 7:57am EDT.
Meta may spend $145 billion on AI in 2026, according to Semafor. Tech giants announced major revenue boosts in April 2026. An Nvidia executive said compute was so expensive that it was still cheaper, for now, to hire humans.
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