OpenAI's largest data center receives $1.16 billion in financing.

According to The Wall Street Journal, the startup company Crusoe, which is building a data center in Texas for OpenAI, has secured a new financing commitment of $1.16 billion. This will expand a crucial hub for increasing the long-term computing capacity of the ChatGPT manufacturer. Crusoe stated that this debt and equity mixture financing will expand the data center from two buildings to eight, increasing the total project guarantee to $15 billion. Both Crusoe and the investment company Blue Owl Capital will inject funds into the data center project in this round of financing. The data center is planned to be completed next year and is expected to become the largest data center used by OpenAI. Each building will run up to 50,000 Nvidia Blackwell chips, which are commonly used for training large language models.