Oracle plans to spend $40B on Nvidia chips to power OpenAI data center: report

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Aerial shot of Abilene Texas

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Oracle (NYSE:ORCL) plans to spend about $40B on Nvidia's (NASDAQ:NVDA) high-end chips to power OpenAI's new Texas data center, according to a report by the Financial Times.

The data center will be the first constructed as part of the $500B U.S. Stargate

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