Oracle denies cancellation of Stargate project

Oracle has released a statement denying reports of the alleged cancellation of the Stargate project, a 4.5GW data center developed in collaboration with OpenAI. The company reiterated that the agreement with OpenAI is still valid and in progress.

Speculation about the project's cancellation had raised doubts about Oracle's ability to support OpenAI's growing computing needs, especially in relation to the development and deployment of large language models (LLMs). Oracle's confirmation aims to reassure the market and reaffirm its commitment to providing adequate infrastructure for AI.

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