OpenAI, NextDC Plan to Build $4.6 Billion Sydney Data Center [Yahoo! Finance Canada]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Chief Executive Officer Sam Altman is broadening San Francisco-based OpenAI's reach, targeting companies and governments across the planet as its rivalry with Alphabet Inc.'s Google, Meta Platforms Inc. and others intensifies. Australia is emerging as a regional hot spot for data centers, attracting investment as companies and the government adopt AI services. “The momentum that Australia has when it comes to AI” drove OpenAI's investment decision, Jason Kwon, its chief strategy officer, told reporters in Sydney. The center will have “some of the most sophisticated architecture and infrastructure for AI models in all the APAC region.” Shares of NextDC jumped as much as 11% in Sydney trading, valuing it at more than A$9 billion. OpenAI and NextDC will collaborate on the planning, development and operation of a “next-generation hyperscale AI campus and large-scale GPU supercluster” in Sydney's Eastern Creek, about 45 kilometers (28 miles) west of the ci
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