Australia's NEXTDC inks MoU with OpenAI to develop AI infrastructure in Sydney, shares jump

FILE PHOTO: OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Dec 5 (Reuters) - NEXTDC Ltd said on Friday it inked a memorandum of understanding with ChatGPT maker OpenAI to collaborate on the development of a hyperscale AI campus and graphics processing unit supercluster in Sydney, boosting its shares.

Shares of the Queensland-headquartered data centre operator rose as much as 10.9% to A$14.900 by 2312 GMT, its highest level since November 13.