Overview

• OpenAI, Oracle and SoftBank named new sites in Shackelford County, Texas; Doña Ana County, New Mexico; an undisclosed Midwest location; Lordstown, Ohio; and Milam County, Texas.
• The build program now approaches nearly 7 gigawatts of planned capacity and more than $400 billion in spending over the next three years, with a longer-term target of 10 gigawatts and $500 billion.
• Nvidia’s partnership, described as a nonbinding plan of up to $100 billion with an initial roughly $10 billion tranche, will primarily fund leases of Nvidia GPUs rather than outright purchases.
• Abilene, the flagship site, is already training and serving models after Oracle delivered Nvidia hardware, with Oracle developing three of the new locations and SoftBank leading two.
• OpenAI plans to access debt alongside partner equity, while investors and energy experts flag concerns over grid capacity, circular financing, and the durability of projected returns.