OpenAI commits up to $25 billion for 500-megawatt “Stargate Argentina” data center

OpenAI has reportedly signed a letter of intent to invest up to $25 billion on “Stargate Argentina,” a new 500-megawatt AI data center.

Reuters reports that the deal would involve tax incentives.

In a video announcing the project, OpenAI CEO Sam Altman said:

“Our vision for Stargate Argentina is to deliver a major boost to the country’s AI infrastructure, creating a foundation for new capabilities from smarter public services to tools that help small businesses compete globally.”

OpenAI did not immediately respond to a request for comment.

You may remember the name “Stargate” from the megaproject that tech giants and the Trump administration announced earlier this year to build a huge number of data centers in the US. And you may remember Argentina as the nation the Trump administration is now bailing out with a $20 billion currency swap.

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Jon Keegan4h

Anthropic reportedly doubles current fundraising round to $20 billion

Anthropic has doubled its current fundraising round to $20 billion on strong investor demand, according reporting from the Financial Times. The new fundraising round would value the company at a staggering $350 billion. That’s up 91% from September, when it raised at a valuation of $183 billion.

The company reportedly received interest totaling 5x to 6x its original $10 billion fundraising goal, and it’s expected to haul in several billion more than that tally before the current round closes.

Anthropic’s success with enterprise customers and the popularity of its Claude Code product are boosting the company’s momentum as it chases the current valuation leader of the AI startup pack: OpenAI.

Anthropic doubles VC fundraising to $20bn on surging investor demand

Produce At Whole Foods Market's Flagship Store

Amazon says it’s doubling down on opening Whole Foods stores. That sounds familiar.

The company says it’ll open 100 Whole Foods locations in the next few years. That sounds similar to plans Whole Foods’ CEO laid out in 2024 for opening 30 stores a year. Since then, it appears to have added 14, total.

Rani Molla5h

One year after the DeepSeek freak, the AI industry has adjusted and roared back

A look back at how the Chinese startup shattered conventions, changed the way Big Tech thought about AI, and blew a $1 trillion hole in the stock market that got filled right back up... and then soared to new levels.

Jon Keegan6h

Jon Keegan9h

Georgia lawmakers introduce data center construction moratorium amid statewide pushback

More and more communities across the US are wrestling with the pros and cons of having a data center come to town. Georgia has become a hotspot of resistance to the data centers planned by Big Tech, according to a new report from The Guardian. The Atlanta metro area led the nation in data center construction in 2024.

Georgia state representatives introduced legislation that would place a one-year moratorium on data center construction in the state. Ten Georgia municipalities have already passed local bans on data centers.

Per the report, at least three other states have seen similar data center moratorium legislation introduced in the last week, including Maryland and Oklahoma.

Georgia leads push to ban datacenters used to power America’s AI boom

Per the report, at least three other states have seen similar data center moratorium legislation introduced in the last week, including Maryland and Oklahoma.

Rani Molla

Tesla’s Robotaxi is way cheaper than Uber, Lyft, or Waymo — but you’ll have to wait a lot longer for one

New data from ride-share comparison app Obi shows how much cheaper and less available Tesla’s autonomous ride-share service is.

Self Driving Taxi Company Waymo Voluntarily Issues Software Recall Over Cars Not Stopping For School Buses

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