Hyperscalers plan US$725 billion in 2026 capex for GPU campuses, chip contracts, and power deals that determine who can train and serve frontier AI models.
A US$500 billion US joint venture between OpenAI, SoftBank, Oracle, and MGX building a national network of AI data centers to power large-scale model training.
full dossier ›Related Digital breaks ground on three buildings on 250 acres; one of five new US sites pushing Stargate to ~7GW planned and >$400bn over three years
The 1.2GW Texas campus runs on Oracle Cloud with first GB200 racks delivered; Crusoe's $1.38bn Series E funds the expansion as SoftBank completes its $41bn into OpenAI