According to the Wall Street Journal, startup Crusoe is building a Texas data center for OpenAI and has received new funding commitments of $11.6 billion, which will expand an outlet critical to improving the long-term computing capabilities of the ChatGPT maker. Crusoe said this mixed debt and equity financing will expand the data center from two buildings to eight and increase the total guarantee for the project to $15 billion. Both Crusoe and investment company Blue Owl Capital will inject capital into the data center project in this round of financing. According to reports, the data center is scheduled to be completed next year and is expected to become the largest data center used by OpenAI. Each building will run up to 50,000 Nvidia Blackwell chips, which are commonly used to train large language models.

According to the Wall Street Journal, startup Crusoe is building a Texas data center for OpenAI and has received new funding commitments of $11.6 billion, which will expand an outlet critical to improving the long-term computing capabilities of the ChatGPT maker. Crusoe said this mixed debt and equity financing will expand the data center from two buildings to eight and increase the total guarantee for the project to $15 billion. Both Crusoe and investment company Blue Owl Capital will inject capital into the data center project in this round of financing. According to reports, the data center is scheduled to be completed next year and is expected to become the largest data center used by OpenAI. Each building will run up to 50,000 Nvidia Blackwell chips, which are commonly used to train large language models.