The post OpenAI reveals Stargate AI facility in Texas, projects planned in five more states appeared on BitcoinEthereumNews.com. OpenAI revealed plans Tuesday to build six large computer facilities across the country, adding to its current Texas location as part of a massive $500 billion spending plan that President Donald Trump highlighted earlier this year. The company behind ChatGPT is working with Oracle and Softbank through a partnership called Stargate to construct these new sites. Two more will go up in Texas, with additional locations planned for New Mexico, Ohio, and another Midwest state that hasn’t been named yet. The biggest project sits in Abilene, Texas, where city leaders say the development is changing their old railroad community. Oracle officials who toured the eight-building site said it’s already set to become the world’s largest computer cluster for artificial intelligence work once construction wraps up. The complex will house hundreds of thousands of specialized computer chips. Sam Altman from OpenAI admitted that most people don’t think about what happens behind the scenes when they use ChatGPT. He and Clay Magouyrk, Oracle’s new co-chief, talked about their efforts to limit environmental damage in this dry part of West Texas, where temperatures reached 97 degrees Tuesday. “We’re burning gas to run this data center,” Altman said, though he noted that Stargate hopes to use different power sources as the project grows. The Texas facility needs roughly 900 megawatts of electricity to run all eight buildings and their computer chips. One building is already working, and a second that the executives visited Tuesday is almost done. Each equipment rack holds 72 of Nvidia’s GB200 chips, which handle the most demanding artificial intelligence tasks. Each building should contain about 60,000 of these chips. Residents have mixed reactions to the OpenAI project Not all residents are pleased because of the facility’s water and power requirements. The city’s water reservoirs were about half-full this week. People… The post OpenAI reveals Stargate AI facility in Texas, projects planned in five more states appeared on BitcoinEthereumNews.com. OpenAI revealed plans Tuesday to build six large computer facilities across the country, adding to its current Texas location as part of a massive $500 billion spending plan that President Donald Trump highlighted earlier this year. The company behind ChatGPT is working with Oracle and Softbank through a partnership called Stargate to construct these new sites. Two more will go up in Texas, with additional locations planned for New Mexico, Ohio, and another Midwest state that hasn’t been named yet. The biggest project sits in Abilene, Texas, where city leaders say the development is changing their old railroad community. Oracle officials who toured the eight-building site said it’s already set to become the world’s largest computer cluster for artificial intelligence work once construction wraps up. The complex will house hundreds of thousands of specialized computer chips. Sam Altman from OpenAI admitted that most people don’t think about what happens behind the scenes when they use ChatGPT. He and Clay Magouyrk, Oracle’s new co-chief, talked about their efforts to limit environmental damage in this dry part of West Texas, where temperatures reached 97 degrees Tuesday. “We’re burning gas to run this data center,” Altman said, though he noted that Stargate hopes to use different power sources as the project grows. The Texas facility needs roughly 900 megawatts of electricity to run all eight buildings and their computer chips. One building is already working, and a second that the executives visited Tuesday is almost done. Each equipment rack holds 72 of Nvidia’s GB200 chips, which handle the most demanding artificial intelligence tasks. Each building should contain about 60,000 of these chips. Residents have mixed reactions to the OpenAI project Not all residents are pleased because of the facility’s water and power requirements. The city’s water reservoirs were about half-full this week. People…

OpenAI reveals Stargate AI facility in Texas, projects planned in five more states

OpenAI revealed plans Tuesday to build six large computer facilities across the country, adding to its current Texas location as part of a massive $500 billion spending plan that President Donald Trump highlighted earlier this year.

The company behind ChatGPT is working with Oracle and Softbank through a partnership called Stargate to construct these new sites. Two more will go up in Texas, with additional locations planned for New Mexico, Ohio, and another Midwest state that hasn’t been named yet.

The biggest project sits in Abilene, Texas, where city leaders say the development is changing their old railroad community. Oracle officials who toured the eight-building site said it’s already set to become the world’s largest computer cluster for artificial intelligence work once construction wraps up. The complex will house hundreds of thousands of specialized computer chips.

Sam Altman from OpenAI admitted that most people don’t think about what happens behind the scenes when they use ChatGPT. He and Clay Magouyrk, Oracle’s new co-chief, talked about their efforts to limit environmental damage in this dry part of West Texas, where temperatures reached 97 degrees Tuesday.

“We’re burning gas to run this data center,” Altman said, though he noted that Stargate hopes to use different power sources as the project grows.

The Texas facility needs roughly 900 megawatts of electricity to run all eight buildings and their computer chips. One building is already working, and a second that the executives visited Tuesday is almost done. Each equipment rack holds 72 of Nvidia’s GB200 chips, which handle the most demanding artificial intelligence tasks. Each building should contain about 60,000 of these chips.

Residents have mixed reactions to the OpenAI project

Not all residents are pleased because of the facility’s water and power requirements. The city’s water reservoirs were about half-full this week. People must follow a twice-weekly outdoor watering schedule, alternating days based on whether their house numbers are odd or even.

The cooling system needs one million gallons from the city water supplies for its initial setup.

Shaolei Ren, a University of California, Riverside professor who studies environmental effects of artificial intelligence, said the closed-loop cooling system shows developers care about local water supplies. But he noted these systems need more electricity, which means more indirect water use through power generation.

Most residents first heard about Stargate when Trump announced it after returning to office in January. Originally planned for cryptocurrency mining, developers changed and expanded their plans for the artificial intelligence boom that ChatGPT started.

The partnership said it was investing $100 billion initially, possibly reaching $500 billion, to build large data centers and power systems for AI development. OpenAI recently signed a deal to buy $300 billion worth of computing power from Oracle, a major gamble for the San Francisco company that began as a nonprofit.

OpenAI and Oracle brought reporters and politicians, including Texas Republican Senator Ted Cruz, to tour the site Tuesday for the first time.

Cruz called Texas “ground zero for AI” because anyone building data centers wants “abundant, low-cost energy.”

Of the five other Stargate projects announced Tuesday, Oracle will work with OpenAI on one in New Mexico’s Doña Ana County and another in Shackelford County, Texas. The company also plans one in the Midwest.

Softbank has started construction on two more in Lordstown, Ohio, and Milam County, Texas.

These projects help OpenAI reduce its dependence on Microsoft, which was previously its only computing partner. Altman told reporters his company has been “severely limited for the value we can offer to people.”

“ChatGPT is slow. It’s not as smart as we’d like to be. Many users can’t use it as much as they would like,” Altman said. “We have many other ideas and products we want to build.”

If you’re reading this, you’re already ahead. Stay there with our newsletter.

Source: https://www.cryptopolitan.com/openai-reveals-stargate-ai-facility-texas/

Market Opportunity
Threshold Logo
Threshold Price(T)
$0,006995
$0,006995$0,006995
+0,67%
USD
Threshold (T) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Momentous Grayscale ETF: GDLC Fund’s Historic Conversion Set to Trade Tomorrow

Momentous Grayscale ETF: GDLC Fund’s Historic Conversion Set to Trade Tomorrow

BitcoinWorld Momentous Grayscale ETF: GDLC Fund’s Historic Conversion Set to Trade Tomorrow Get ready for a significant shift in the world of digital asset investing! A truly momentous event is unfolding as Grayscale’s Digital Large Cap Fund (GDLC) makes its highly anticipated transition into a spot crypto exchange-traded fund. This isn’t just a name change; it’s a pivotal moment for the broader cryptocurrency market, bringing a new era of accessibility and institutional participation through the Grayscale ETF. What’s Happening with the Grayscale ETF Conversion? Tomorrow marks a historic day for Grayscale’s Digital Large Cap Fund (GDLC). This existing spot crypto basket is officially scheduled to begin trading under its new identity: the Grayscale CoinDesk Crypto5 ETF. This exciting development comes directly after the U.S. Securities and Exchange Commission (SEC) gave its stamp of approval to Grayscale’s application for this conversion. As Bloomberg ETF analyst Eric Balchunas highlighted, this move has been keenly watched. The approval and subsequent launch underscore a growing acceptance of crypto-backed financial products within traditional markets. For investors, this conversion of the Grayscale ETF represents a more streamlined and regulated way to gain exposure to a diversified basket of large-cap digital assets. Why is the Grayscale ETF a Game-Changer for Investors? The conversion of GDLC into a Grayscale ETF offers several compelling benefits, fundamentally changing how investors can access the crypto market. Firstly, ETFs are known for their ease of trading. They can be bought and sold on traditional stock exchanges, just like company shares, making them incredibly accessible to a wider range of investors who might be hesitant to directly hold cryptocurrencies. Consider these key advantages: Enhanced Accessibility: Investors can gain exposure to a diversified crypto portfolio without needing to set up crypto wallets or manage private keys. Increased Liquidity: Trading on major exchanges typically means higher liquidity, allowing for easier entry and exit points. Regulatory Oversight: As an SEC-approved product, the Grayscale ETF operates under a regulated framework, potentially offering greater investor protection and confidence. Diversification: The Grayscale CoinDesk Crypto5 ETF tracks a basket of large-cap cryptocurrencies, offering immediate diversification rather than exposure to a single asset. This development is a strong indicator of the maturation of the digital asset space. It signals a bridge between the innovative world of crypto and the established financial system. Navigating the New Grayscale ETF Landscape While the launch of the Grayscale CoinDesk Crypto5 ETF brings exciting opportunities, it’s also important for investors to understand its implications. The shift from a closed-end fund structure (GDLC) to an open-ended ETF means that the fund’s shares can now be created and redeemed daily. This mechanism helps keep the ETF’s market price closely aligned with the net asset value (NAV) of its underlying holdings. Historically, closed-end funds like GDLC could trade at significant premiums or discounts to their NAV. The ETF structure is designed to mitigate these discrepancies, providing a more efficient pricing mechanism. This change offers a more transparent and potentially less volatile investment experience for those looking to invest in a Grayscale ETF. What’s Next for Crypto ETFs and Grayscale? The successful conversion and launch of the Grayscale CoinDesk Crypto5 ETF could pave the way for similar transformations of other Grayscale products. It also sets a precedent for how existing crypto investment vehicles might evolve to meet market demand for regulated, accessible products. The increasing number of spot crypto ETFs, including this new Grayscale ETF, reflects a growing institutional appetite for digital assets. This trend suggests a future where cryptocurrency investing becomes an even more integrated part of mainstream financial portfolios. As regulatory clarity continues to improve, we can anticipate further innovation and expansion in the crypto ETF landscape, offering investors diverse options to participate in the digital economy. The launch of the Grayscale CoinDesk Crypto5 ETF is more than just a new product; it’s a testament to the persistent efforts to bring digital assets into the mainstream financial fold. By offering a regulated, accessible, and diversified investment vehicle, Grayscale is not only expanding opportunities for investors but also reinforcing the legitimacy and staying power of the crypto market. This momentous step truly reshapes the investment landscape, making it easier for a broader audience to engage with the exciting potential of cryptocurrencies through a trusted Grayscale ETF. Frequently Asked Questions (FAQs) What is the Grayscale CoinDesk Crypto5 ETF? The Grayscale CoinDesk Crypto5 ETF is the new name and structure for Grayscale’s former Digital Large Cap Fund (GDLC). It’s a spot crypto basket that holds a diversified portfolio of large-cap digital assets, now trading as an exchange-traded fund. When will the Grayscale ETF begin trading? The Grayscale CoinDesk Crypto5 ETF is scheduled to begin trading tomorrow, following its approval by the U.S. Securities and Exchange Commission (SEC). How does an ETF differ from the previous GDLC fund? As an ETF, the fund’s shares can be created and redeemed daily, which helps keep its market price closely aligned with the value of its underlying assets. The previous GDLC fund was a closed-end fund that could trade at significant premiums or discounts to its net asset value. What are the benefits of investing in the Grayscale ETF? Benefits include enhanced accessibility (trading on traditional exchanges), increased liquidity, regulatory oversight by the SEC, and immediate diversification into a basket of large-cap cryptocurrencies. Is the Grayscale ETF suitable for all investors? While the Grayscale ETF offers a regulated and accessible way to invest in crypto, all investments carry risks. Investors should conduct their own research and consider their financial goals and risk tolerance before investing in any ETF, including this Grayscale ETF. Did you find this article informative? Share this exciting news about the Grayscale ETF conversion with your friends, family, and fellow investors on social media to keep them informed about the latest developments in the crypto world! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Ethereum price action. This post Momentous Grayscale ETF: GDLC Fund’s Historic Conversion Set to Trade Tomorrow first appeared on BitcoinWorld.
Share
Coinstats2025/09/19 17:45
The UA Sprinkler Fitters Local 669 JATC – Notice of Privacy Incident

The UA Sprinkler Fitters Local 669 JATC – Notice of Privacy Incident

Landover, Maryland, February 6, 2026– The UA Sprinkler Fitters Local 669 Joint Apprenticeship and Training Committee (“JATC”) is providing notice of an event that
Share
AI Journal2026/02/07 07:30
Vitalik Buterin Reveals Ethereum’s (ETH) Future Plans – Here’s What’s Planned

Vitalik Buterin Reveals Ethereum’s (ETH) Future Plans – Here’s What’s Planned

The post Vitalik Buterin Reveals Ethereum’s (ETH) Future Plans – Here’s What’s Planned appeared on BitcoinEthereumNews.com. Ethereum founder Vitalik Buterin presented the network’s new roadmap, which includes its short-, medium-, and long-term goals, at the Developer Conference held in Japan today. Scalability, cross-layer compatibility, privacy, and security were the prominent topics in Buterin’s speech. Buterin stated that the short-term focus will be on increasing gas limits on the Ethereum mainnet (L1). He said that tools such as block-level access lists, ZK-EVMs, gas price restructuring, and slot optimization will be used in this context. The goal is to maintain the network’s decentralization while increasing scalability. The medium-term goal is to enable trustless asset transfers between Layer-2 (L2) networks and achieve faster transaction finality. In this context, “Stage 2 Rollup” solutions, proof-of-conduct combinations, and optimizations for reading data from L1 are on the agenda. Furthermore, network optimizations such as shortening slot times, fast finality protocols, and erasure coding are planned to improve user experience and security. Buterin emphasized that privacy is a priority for both the short and medium term. Zero-knowledge (ZK) proofs, anonymous pools, encrypted voting, and scrambling network solutions are highlighted to protect the privacy of users’ on-chain payments, voting, DeFi transactions, and account changes. Furthermore, secure execution environments, secret query techniques, and the ability to conceal fraudulent requests and data access patterns are also targeted when reading data from the chain. Buterin’s long-term vision highlights a minimalist, secure, and simple Ethereum. This roadmap includes resistance to the risks posed by quantum computers, securing the protocol with mathematical methods (formal verification), and transitioning to ideal cryptographic solutions. Buterin stated that these strategic steps will transform Ethereum into a more scalable, user-friendly, and secure infrastructure. With the strengthening of L2 networks, more users will be able to use Ethereum with less trust assumptions. The ultimate goal is for Ethereum to become a reliable foundational infrastructure for global…
Share
BitcoinEthereumNews2025/09/18 15:57