OpenAI is developing a $100 billion data center project named Stargate, which will house 400,000 Nvidia AI chips. The project is being constructed in Abilene, Texas, by Crusoe, a startup that has recently secured a 4.5 gigawatt energy deal to support the power requirements of the facility. This deal is significant for Nvidia's expanding AI infrastructure and is part of a broader collaboration involving Elon Musk's xAI and Microsoft. The partnership aims to fund the construction of data centers through an investment vehicle that includes BlackRock. The Stargate project, which has garnered attention for its ambitious financing plans, is also backed by SoftBank Group, with Microsoft playing a crucial role in its development. Crusoe's valuation has reached $2.8 billion, reflecting its strategic importance in addressing the AI industry's energy challenges.