AIBusinessTechnology

OpenAI, Oracle Partner on Major Wisconsin Data Center Project Approaching 1GW Capacity

Tech giants OpenAI and Oracle are collaborating with Vantage Data Centers on a massive new data center campus in Port Washington, Wisconsin. The project, codenamed “Lighthouse,” is expected to approach one gigawatt capacity and represents the latest expansion of the Stargate data center network across the United States.

Major AI Infrastructure Expansion in Wisconsin

OpenAI is partnering with Oracle and Vantage Data Centers to develop a new Stargate data center cluster in Port Washington, Wisconsin, according to project announcements. The facility, codenamed “Lighthouse,” represents the fifth planned Stargate location and is expected to support “close to a gigawatt” of power capacity across four data centers.

BusinessTechnology

Oracle Stock Decline Erases $24 Billion From Larry Ellison’s Fortune Amid Cloud Spending Questions

Larry Ellison’s fortune reportedly decreased by approximately $24 billion following Oracle’s stock decline, according to analyst reports. The drop comes amid questions about the company’s capital expenditure plans despite continued optimism about cloud infrastructure growth. Ellison remains the world’s second-wealthiest person with an estimated $350.6 billion net worth.

Oracle Shares Slide Impacts Founder’s Wealth

Larry Ellison’s substantial net worth reportedly decreased by approximately $24.1 billion following a recent decline in Oracle Corporation shares, according to financial analysts. The technology billionaire, who holds about 41% equity in the company he co-founded, saw his fortune drop to an estimated $350.6 billion, sources indicate.