OpenAI and NextDC to Construct $4.6 Billion Data Center in Sydney
OpenAI and NextDC Partnership: OpenAI and NextDC have signed a Memorandum of Understanding to develop a A$7 billion ($4.6 billion) hyperscale AI campus and GPU supercluster in Sydney's Eastern Creek precinct.
Infrastructure Details: The facility will have a potential capacity of up to 550 megawatts and marks OpenAI's first significant AI infrastructure investment in Australia, with the first phase expected to be completed by H2 2027, pending approvals.
Market Reaction: Following the announcement, NextDC's stock price increased by approximately 10%, raising its market value to over A$9 billion.
Future Developments: The collaboration will focus on the planning, development, and operation of the AI infrastructure in western Sydney, indicating a significant step in AI capabilities in the region.
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