OpenAI, SoftBank invest $1B in SB Energy’s 1.2GW Milam site.

OpenAI and SoftBank to invest $1 billion in SB Energy to expand AI data-center capacity

  • OpenAI and SoftBank Group are jointly investing $1 billion into SB Energy.
  • Each investor is contributing $500 million to fund next-generation AI data centers in the United States.
  • SB Energy will build and operate a 1.2 GW data center site in Milam County for OpenAI.
  • SB Energy is developing multiple multi-gigawatt campuses, with initial facilities under construction.
  • Those initial facilities are expected to enter service starting in 2026.

OpenAI and SoftBank Group are each investing $500 million into SB Energy, for a combined $1 billion investment to build next-generation Artificial Intelligence data centers in the United States. The funding supports faster development as demand for AI compute accelerates and will back SB Energy’s multi-gigawatt campus plans.

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SB Energy, a company within the SoftBank Group corporate family, said it has secured the investment to expand its data center projects. The company is already developing several multi-gigawatt campuses, with initial facilities under construction.

The initial sites are expected to enter service starting in 2026. In a related move, OpenAI has selected SB Energy to build and operate its 1.2 GW data center site in Milam County, strengthening the partnership between the organizations.

The joint investment aims to accelerate capacity for large-scale AI computing in the U.S. and support the rapid growth in demand for specialized data-center infrastructure tied to advanced AI workloads. The partners did not provide additional financial details beyond the $500 million commitments from OpenAI and SoftBank Group.

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