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OpenAI and Oracle are holding an official groundbreaking ceremony for their $16 billion Stargate campus in Michigan.
OpenAI and Oracle's $16 billion Stargate campus is already under construction in Saline Township, Michigan.
KEY POINTS
The campus's building exterior is nearly complete just three months after construction started.
OpenAI has reduced its long-term compute spending target to $600 billion by 2030, down from $1.4 trillion.
A previous $500 billion AI infrastructure pledge covered four years of U.S. buildout plans by major tech leaders.
OpenAI and Oracle are holding an official groundbreaking ceremony for their $16 billion Stargate campus in Saline Township, Michigan, on Monday.
The data center project, which is being developed by Related Digital, began construction roughly three months ago. The companies said the exterior of one building is almost complete.
In January 2025, President Donald Trump unveiled the Stargate project alongside OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison during an event at the White House. The companies pledged to deploy $500 billion over four years to build out new artificial intelligence infrastructure in the U.S.
Altman rattled markets by inking a flurry of multi-billion-dollar infrastructure deals that year, writing in a post in November that OpenAI was looking at commitments of about $1.4 trillion, including Stargate, over the next eight years. But as the company gears up for a potential initial public offering, it's outlined a more measured strategy, telling investors in February that it's targeting roughly $600 billion in total compute spend by 2030.
CNBC's David Faber will have interviews with the key figures in the buildout throughout the day: