Overview

• Argentina’s presidency announced the non-binding Stargate Argentina agreement after President Javier Milei met with directors from OpenAI and Sur Energy.
• The $25 billion partnership with local firm Sur Energy would establish Latin America’s first AI megadata center in Patagonia.
• The facility is envisioned to support next-generation AI computing with capacity of up to 500 MW, according to the official statement.
• The project qualifies for broad fiscal and customs benefits under a 30-year foreign investment regime introduced in 2024 for strategic sectors.
• Officials provided no exact site or construction start date, and framed the effort as part of a multi-country Stargate buildout totaling roughly $500 billion.