OpenAI, SoftBank invest $1 billion in SB Energy as Stargate buildout expands

A view of the OpenAI and SoftBank Group logos on the day of an event to pitch AI for businesses in Tokyo, Japan February 3, 2025. REUTERS/Kim Kyung-Hoon

Jan 9 (Reuters) - OpenAI and ‌SoftBank Group will invest $500 million each in SB Energy to ‌expand data center and power infrastructure for their Stargate initiative, ‌SB Energy said on Friday.

SB Energy, a SoftBank-owned company, will build and operate OpenAI's previously announced 1.2-gigawatt data center site in Milam County, Texas.