<ul><li>Oracle is purchasing Nvidia chips worth $40 billion to establish a massive AI-focused data center in Texas as part of its global Stargate Project.</li><li>The Texas facility will span 875 acres, consist of eight buildings, and use 1.2 gigawatts of electricity. It will house around 400,000 Nvidia GB200 superchips.</li><li>In addition to Nvidia's chips, the Stargate Project is receiving significant funding from Crusoe Energy Systems, Blue Owl Capital, and JPMorgan. Oracle plans to build AI campuses worldwide, including in the UAE.</li><li>This strategic move by Oracle signals a substantial investment in AI, positioning the company competitively in the AI landscape and highlighting the industry's focus on AI advancement.</li></ul>

Oracle to Spend $40 Billion on Nvidia Chips for AI Expansion

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