OpenAI’s Plans for Over $400 Billion Investment in AI Infrastructure
OpenAI, a non-profit artificial intelligence company backed by Microsoft, plans to invest more than $400 billion over the next three years to build five new AI data centers in the United States. These centers will be developed in partnership with Oracle and SoftBank.
- Three of the new data centers will collaborate with Oracle, while the remaining two will partner with SoftBank.
- Combined, these five new data centers, alongside OpenAI’s headquarters in Abilene, Texas, and ongoing projects with CoreWeave, will reach a capacity of seven gigawatts.
- This investment will enable OpenAI to meet its commitment of $500 billion and 10 gigawatts of capacity ahead of schedule.
OpenAI announced in January its pledge to invest half a trillion dollars, alongside Oracle and SoftBank, as part of a broader effort to boost investment in U.S. artificial intelligence infrastructure.
Alibaba’s Stock Surges Following AI Investment Announcement
Alibaba Group’s American Depositary Receipts (ADRs) rose by 8.19% on the New York Stock Exchange Wednesday, following its report of plans to increase investment in artificial intelligence development to become one of the largest providers in the sector.
- Earlier this year, Alibaba presented a plan to invest over 380 billion yuan (approximately $53.43 billion) in AI model and infrastructure development over the next three years.
- The company also announced its intention to establish its first data centers in Brazil, France, and the Netherlands, as well as expand to Mexico, Japan, South Korea, Malaysia, and Dubai next year.
Amazon Mexico’s Support for “Hecho en México” Initiative
Amazon Mexico, the local subsidiary of the U.S.-based online sales and cloud computing company, joined the “Hecho en México” initiative to foster growth in local micro and small businesses that manufacture products within Mexico.
- Amazon Mexico will support the “Hecho en México” program by promoting certified products from local small and medium-sized enterprises (SMEs) and producers on its platform.
- The company will offer free training to SMEs and producers on using tools, techniques, and best practices to help local entrepreneurs digitize their businesses and export through e-commerce.
Alpura’s Anticipated Record-Breaking Sales
Alpura, a Mexican company specializing in dairy production, expects a historic year in sales and profitability due to its ongoing efforts in innovation and expansion into new categories, including Greek yogurt.
- For this year, Alpura anticipates a high single-digit increase in sales, with a low single-digit growth expected by 2024.
Key Questions and Answers
- What is OpenAI’s investment plan? OpenAI plans to invest more than $400 billion over the next three years in AI infrastructure development, building five new data centers in partnership with Oracle and SoftBank.
- How will Alibaba’s investment in AI impact its stock? Alibaba’s ADRs surged 8.19% on the New York Stock Exchange following its announcement to invest heavily in AI development, aiming to become one of the largest providers.
- What is Amazon Mexico’s role in the “Hecho en México” initiative? Amazon Mexico supports local SMEs and producers by promoting certified products on its platform, offering free training on digitalization and e-commerce export.
- What are Alpura’s sales expectations for this year? Alpura anticipates a high single-digit increase in sales for the current year, driven by its innovation and expansion into new dairy categories.
