Oracle to Spend $40B on Nvidia Chips for OpenAI’s Texas AI Data Center

Oracle will invest $40 billion in Nvidia’s high-performance GB200 chips to power OpenAI’s new U.S. data center in Abilene, Texas, part of the Stargate Project to bolster U.S. AI leadership, the Financial Times reported. Oracle will purchase 400,000 chips and lease computing power to OpenAI, reducing its reliance on Microsoft. The data center, set to operate by mid-2026, is backed by $9.6 billion in JPMorgan loans and $5 billion from owners Crusoe and Blue Owl Capital. Oracle, OpenAI, and Nvidia are also collaborating on a UAE AI data center, operational in 2026.

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Bank Rakyat Issues RM1 Billion Sukuk Wakalah, Boosting Shariah-Compliant Growth

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