Could secure 5GW of power by 2030

Could lease hundreds of megawatts of capacity

OpenAI and Google workers also file brief to quash supply chain risk designation

Financing challenges and Stargate's changing scope end Texas data center expansion plans

Will see Google, Microsoft, Meta, Oracle, xAI, OpenAI, and Amazon commit to buy or build generation needed for their facilities

After Anthropic gets supply-chain risk designation for not allowing such work on Claude

CEO has previously talked up $1.4 trillion spend over eight years

Generative AI giant is seeking a $730 billion valuation

Following earlier deal with Microsoft

Fundraise comes two weeks after company announced $10bn deal with OpenAI

Company saw $440m of sales to China during the year, and is in discussions with customers for multi-year Helios deployments

Comes in same week Nvidia CEO downplays $100bn investment pledge in OpenAI

Site being developed by Stack and BorderPlex Digital Assets will be used for OpenAI

In an attempt to prevent electricity price increases for regular ratepayers

Claims a clear correlation between aggressive data center ramp-up and rising revenue

Merge Labs emerged from stealth last week following a $252 million seed round

Cites recent reports of data center delays

Internal messages note that the milestone was hit under "intense spotlight"

OpenAI, SoftBank commit $1 billion into the firm

Stargate is an expensive business

Program gets backing from Big Tech

Company starts work on Stargate site

Unlikely to help the data center's case

Residents call for greater scrutiny of the facility's utility agreement