Oracle and OpenAI abandon Texas data centre expansion. The two companies have dropped plans to expand their flagship artificial intelligence data centre in Texas as part of the Stargate project following financing disagreements and OpenAI's shifting requirements. The failed negotiations have created an opportunity for Meta Platforms to potentially lease the planned expansion site in Abilene, Texas, from developer Crusoe Energy. Nvidia facilitated Meta's discussions with Crusoe regarding the opportunity. The development signals shifting priorities in the competitive race for AI infrastructure investment, with major tech companies reassessing their data centre expansion strategies amid evolving market conditions and capital allocation decisions.
