$30 billion a year for AI/ Oracle reveals deal with OpenAI for data centers
Artificial intelligence development company Open AI has confirmed that it has signed a contract with Oracle worth $30 billion per year to build data centers with a capacity of 4.5 gigawatts. These centers will serve the Stargate project, which was announced by US President Donald Trump in January.
The project is a key step in a $500 billion strategic initiative that aims to build 10 gigawatts of artificial intelligence infrastructure in the United States by 2029.
According to estimates, the new investment will enable the creation of over 100,000 jobs, both in the field of construction and operation of data centers, as well as through the supply chain and local services.
The job positions include direct and permanent engagements in the centers, temporary positions in construction, as well as indirect employment in equipment manufacturing and related activities, according to data published by Open AI.
Details about this contract first appeared in public in late June, when Oracle announced the completion of a multi-year contract that would bring it $30 billion in annual revenue, but then the name of the customer was not disclosed.
This news caused a significant increase in Oracle shares, and the company's founder, Larry Ellison, rose to second place on Bloomberg's list of the richest people in the world.
NATO recognizes Albania's Airworthiness/ Next to Euro-Atlantic security, Civil Aviation enters the air elite
The Civil Aviation Authority of Albania has been recognized by NATO for its Airworthiness, fully meeting the standards set by the Atlantic Alliance. In an......
New Penal Code/ minors are up to 21 years old! Special protection for them. Some criminal offenses are removed. What are the other innovations of the draft?
For the first time in 30 years, Albania will have a new Penal Code. But what will its innovations be? A lot of attention has been paid to minors. The......
New building for Kamëz Municipality / Tender opens with a fund limit of 533.8 million lek
The Municipality of Kamza will be rebuilt with an underground parking lot. The surrounding square will also be rehabilitated. The procedure with an estimated......
How much risk does Albania have from earthquakes? World Bank: GDP per capita will decrease by over 15% by 2050
Of all natural disasters and potential shocks, earthquakes are predicted to have the greatest negative impact on the Albanian economy. According to the......
London and Bergamo, the most favorite destinations for Albanians/ TIA: 1.14 million passengers traveled in June
In June of this year, over 1.14 million passengers traveled to and from Tirana International Airport, marking an 8% increase compared to the same period last......
“Early release on parole for life-sentenced prisoners”/ The draft of the New Penal Code is discussed. Manja: The need for an evolving state
The first public discussion on the draft of the New Criminal Code of Albania has taken place. This Code represents a conceptual reformulation and......
Around 4.7 million foreigners visited Albania in 6 months/ Up 4.8% annually. More Europeans and business visits
During the month of June, a total of 2,062,775 citizens, including both Albanian and foreign citizens, entered the territory of Albania. These data,......
Earthquakes, how is compensation paid when you have two insurance policies? Draft/ Are they covered with a force of over 5 points? With the sale of the property, the policy is transferred
Individuals who have voluntarily insured their homes will not be "escaped" from mandatory earthquake property insurance. This category also includes all......
