Oracle2026-09-28 01:46:50Oracle invokes force majeure clause for New Mexico AI data center as $18 billion debt slips below parOracle has sent a force majeure notice to the developer of Project Jupiter, an AI data center in New Mexico tied to the Stargate project. The site is expected to be leased by Oracle once completed, with computing capacity then supplied to OpenAI. Oracle has not exited the project, but it is using contractual delay protections while a key bottleneck remains unresolved: power. The campus is planned to run on as much as 2.45GW of Bloom Energy fuel cells, yet the related natural gas pipeline and air-quality permits have not been fully secured. Project Jupiter had been scheduled to begin operations in 2028. If those approvals continue to lag, the data center could miss its construction or power-delivery timeline. Under the contract, if the delay is deemed a force majeure event, Oracle can push back the start of full rent payments by as much as three years. That does not eliminate its obligations. During the delay period, Oracle would still pay a lower development-stage rent and cover part of the debt interest and investment return. Investors have already reacted: roughly $18 billion of debt tied to Project Jupiter recently traded at 89 to 91 cents on the dollar, while shares of Oracle and Blue Owl both fell on the day the news emerged. Oracle still says the project remains on schedule.580
Jensen Huang2026-09-06 22:42:04Jensen Huang says AGI has arrived as GPT-6 Astra trained on more than 100,000 Blackwell GPUsOpenAI’s release of GPT-6 Astra prompted a public response from NVIDIA CEO Jensen Huang, who congratulated the company and said bluntly that "AGI has arrived." Huang said Astra was trained using more than 100,000 NVIDIA Grace Blackwell GPUs in an NVLink 72 setup, and added that another 400,000 GPUs are set to come online. He framed the jump from ChatGPT to o1 and then Astra as an advance that took roughly four years. OpenAI described Astra as its "smartest" and "most aligned" model so far. The company said the model scored 98% on FrontierMath Tier 4, 99.9% on ARC-AGI-3, and 100% on ExploitBench, while also highlighting gains in computer use, software engineering, cybersecurity, science, and professional work. Separately, Crusoe CEO Chase Lochmiller pointed to the company’s data center in Abilene, Texas, and said the site could be seen as the birthplace of AGI, linking the moment to OpenAI’s Stargate infrastructure buildout in the US.900
Stargate2026-09-05 00:34:00Stargate V1 Liquidity Pool to Cease Operations on Dec 15; Users Must Withdraw LP PositionsStargate announced that with the shutdown of LayerZero Labs V1 relayers on December 15, the Stargate V1 liquidity pool will also cease operations. The shutdown does not affect V2 or Hydra. To simplify the user experience, zero-fee withdrawals will be enabled, and the messaging service will be paused for about two weeks before resuming withdrawals until the relayers are decommissioned. Users holding LP positions in V1 must remove them before the deadline.1190
OpenAI2026-08-25 19:29:48OpenAI Data Center Executive Chris Malone Leaves as Stargate Effort Hits Early SnagsChainCatcher said Chris Malone, a key OpenAI executive in charge of data center construction, left the company last week. The report added that Malone had overseen the Stargate project, which got off to a rough start, prompting OpenAI to shift toward working with cloud service providers. OpenAI is now using leased full data center facilities to build out its infrastructure. The company is also going through management changes as it prepares for a 2027 IPO, with several executives having left recently. The report said computing infrastructure spending is expected to reach $750 billion by 2030.810
Superposition2026-08-24 09:32:27Superposition to shut down on Sept. 8, 2026, with USDC support ending on Aug. 28Superposition, a DeFi-native Layer3 project built on Arbitrum One, said USDC on its network will be deprecated starting Aug. 28, with Stargate serving as the only available route for users to move funds off the chain. The team warned that any USDC left on Superposition after that point may become non-withdrawable. It also said the Superposition chain itself is scheduled to officially shut down on Sept. 8, 2026, and that other assets on the network may also become inaccessible at that time. Superposition has published a full migration guide and urged users to complete transfers as early as possible. The notice lays out two deadlines: one for USDC support ending ahead of time, and another for the network’s final shutdown in 2026. Users holding assets on the chain have been advised to act before those dates, as access after the cutoffs may not be guaranteed.1250
Nvidia2026-08-08 05:27:09Nvidia targets power supplier behind OpenAI’s Stargate project with up to $3 billion Lancium investmentNvidia is moving deeper into the base layer of AI infrastructure by targeting power capacity, not just chips. According to The Information, the company has agreed to invest $2 billion in Lancium, a power infrastructure developer backed by Blackstone, and may add another $1 billion if the company meets milestones tied to additional grid access. The initial tranche would give Nvidia roughly a 20% stake, rising to about 30% if the follow-on investment is completed, in a deal that values Lancium at around $10 billion including debt. The strategic logic centers on one of the biggest constraints facing AI data centers: electricity. Lancium is the power infrastructure provider behind OpenAI and Oracle’s “Stargate” AI campus in Abilene, Texas. It has already secured and developed 4 gigawatts of power on the Texas grid, with another 15 gigawatts of projects awaiting interconnection. Those assets span supply for the Abilene Stargate site, a Crusoe-built Microsoft data center, a QTS Data Centers project in Turkey, Texas, and another Crusoe development in Childress. The report said the investment is pure equity and does not include credit support for construction or leasing. It also comes as Texas Governor Greg Abbott has paused new grid interconnection applications for data centers, adding uncertainty to the timing of future expansion. Separately, Lancium is said to be considering an IPO in 2027.1910
Nvidia2026-08-08 01:45:34Nvidia to Invest Up to $3 Billion in Power Developer LanciumOn August 8, Nvidia agreed to invest $2 billion in Lancium, a power infrastructure developer, and pledged an additional $1 billion once Lancium secures more planned power resources, bringing the total deal to as much as $3 billion, according to a report from The Information. Lancium supplies power infrastructure for the Stargate AI campus in Texas, the joint artificial intelligence project between OpenAI and Oracle. The transaction values Lancium and its portfolio of land and power interconnection assets at approximately $10 billion, a figure that includes the investment amount and debt. Citing people familiar with the matter, The Information reported that Nvidia's $2 billion investment would give the chipmaker about 20% of Lancium. The deal highlights the increasingly central role of electricity infrastructure in the AI supply chain. Nvidia is moving to speed up the buildout of its AI data center ecosystem by investing in both energy and computing infrastructure.2410
OpenAI2026-08-02 07:30:06OpenAI says ChatGPT tops 1 billion active users worldwide, with more than 2 million enterprise customersOpenAI said ChatGPT had surpassed 1 billion active users globally as of the end of July, while its enterprise customer count rose above 2 million. The company outlined a rapid user growth path from 1 million registrations within five days of launch to 200 million in August 2024, 500 million in August 2025, and 800 million in October 2025. OpenAI also said it had previously projected internally that the user base would exceed 1 billion by the end of last year, but growth later stalled, with the latest 100 million users taking about five months to add. To strengthen its service lineup, the company is rolling out GPT-5.6 Sol, the agent tool ChatGPT Work, and lower-priced models GPT-5.6 Terra and GPT-5.6 Luna. Beyond product updates, OpenAI is also advancing the Stargate project in the United States with Oracle and SoftBank, and building data centers in South Korea with Samsung and SK.1970
