OpenAI commits up to $25 billion for 500-megawatt “Stargate Argentina” data center

OpenAI has reportedly signed a letter of intent to invest up to $25 billion on “Stargate Argentina,” a new 500-megawatt AI data center.

Reuters reports that the deal would involve tax incentives.

In a video announcing the project, OpenAI CEO Sam Altman said:

“Our vision for Stargate Argentina is to deliver a major boost to the country’s AI infrastructure, creating a foundation for new capabilities from smarter public services to tools that help small businesses compete globally.”

OpenAI did not immediately respond to a request for comment.

You may remember the name “Stargate” from the megaproject that tech giants and the Trump administration announced earlier this year to build a huge number of data centers in the US. And you may remember Argentina as the nation the Trump administration is now bailing out with a $20 billion currency swap.

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Eye on AI

Salesforce beats on earnings but posts light full-year guidance

The SaaS company posted results for the fourth quarter and full 2026 fiscal year on Wednesday.

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Amazon, Google, Meta, Microsoft, Oracle will agree to “build, bring, or buy” AI data center power

A month after President Trump called on Big Tech companies to “pay their own way” for data center energy — and a day after Trump pledged as much in his State of the Union address — a number of tech’s biggest companies are planning to make it official, according to a report from Fox News.

Alphabet, Amazon, Meta, Microsoft, and Oracle, in addition to OpenAI and xAI, plan to sign agreements at a March 4 White House event committing to supply their own electricity for new AI data centers.

“Under this bold initiative, these massive companies will build, bring, or buy their own power supply for new AI data centers, ensuring that Americans’ electricity bills will not increase as demand grows,” White House spokeswoman Taylor Rogers told Fox.

Already, Amazon, Microsoft, and Meta have committed to as much in recent data center announcements.

Scoop: Trump brings Big Tech to White House to curb power costs amid AI boom

Already, Amazon, Microsoft, and Meta have committed to as much in recent data center announcements.

Jon Keegan

Anthropic doesn’t want Claude controlling autonomous weapons. The Pentagon may not give them a choice.

A looming Friday deadline to get onboard with the Pentagon’s demands could lead to an unraveling of years of the company’s work with the government.

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Waymo announces Chicago and Charlotte expansion as driverless rollout accelerates

The company is currently operating in 10 US cities.

The Streets of San Francisco, the Waymo way

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Uber to roll out robotaxis with Wayve in 10 markets

Uber also has its sights set on 10 robotaxi markets — a milestone that Alphabet subsidiary Waymo reached yesterday.

As part of its latest $1.5 billion funding round, autonomous tech startup Wayve announced that it will be helping to power robotaxis on Uber’s network, with its first launch in London this year. That’s followed by “plans to scale to more than 10 markets globally.”

The companies didn’t specify the vehicle model, but said Wayve’s AI Driver will be deployed in L4-capable vehicles from participating automakers. Uber will own and operate the fleet.

Microsoft, Nvidia, Mercedes-Benz, Nissan, and Stellantis were also part of the fundraise.

Separately, an Uber filing Tuesday showed that newly appointed CFO Balaji Krishnamurthy purchased $1.6 million in company stock.

Uber shares are up about 1% premarket.

Wayve secures $1.5B to deploy its global autonomy platform

The companies didn’t specify the vehicle model, but said Wayve’s AI Driver will be deployed in L4-capable vehicles from participating automakers. Uber will own and operate the fleet.

Microsoft, Nvidia, Mercedes-Benz, Nissan, and Stellantis were also part of the fundraise.

Separately, an Uber filing Tuesday showed that newly appointed CFO Balaji Krishnamurthy purchased $1.6 million in company stock.

Uber shares are up about 1% premarket.

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