FXHedge
FXHedge|May 21, 2025 15:48
OPENAI’S BIGGEST DATA CENTER SECURES 11.6 BILLION IN FUNDING (WSJ) A Texas data center that the startup Crusoe is building for OpenAI has secured 11.6 billion in new funding commitments, expanding a site that is core to increasing the ChatGPT maker’s long-term computing capabilities. The funding, a mixture of debt and equity, will expand the data center to eight buildings from two and increase the total amount secured for the project to 15 billion, Crusoe said. Both Crusoe and investment firm Blue Owl Capital are contributing cash to the data center project as part of the latest financing. Full article: https://www.msn.com/en-us/news/technology/openai-s-biggest-data-center-secures-11-6-billion-in-funding/ar-AA1FbS20?ocid=msedgntp&pc=HCTS&cvid=b6a0a1dc76304e1db637b9944675ce69&ei=26
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