Openai’s designs go beyond the simple marketing of Chatgpt. To reach theArtificial General Intelligence (AGE) and pave the way for men-machine interfaces, Sam Altman must build a complete industrial ecosystem, which includes energy security, construction of data centers, the development of specialized fleas and the creation of new hardware and software platforms. The project has a name: Stargatewhose main constraint is energetic.
To deal with it, Openai signed with Oracle a contract $ 300 billion over five years from 2027which relates to 4.5 gigawatts of electric power. This represents the equivalent of two EPR type nuclear reactors or the consumption of four million French households. The location of future sites (Texas, Wyoming, Pennsylvania) obeys a logic of energy availability and proximity to the major databases. This new industrial cartography brings AI closer to the classic problems of energy and logistics.
An agreement which is also a strategic decision to reduce the dependence of Openai vis-à-vis Microsoft, which is its privileged cloud supplier. Faced with bottlenecks in access to GPUs, Sam Altman seeks to diversify his partners and secure a long -term calculation capacity.
However, the bet is not without risk, the annual investment is six times the current turnover of Openai, which generated About $ 10 billion in revenues in 2024. The company does not plan to reach profitability before 2029 and anticipate $ 44 billion in cumulative losses By then. For Oracle, whose debt/equity ratio exceeds 400 %, the concentration of a large share of future income in a single customer also represents considerable exposure. His investment expenditure already exceeds its operational cash flowaccentuating the vulnerability of its model. However, the announcement of a commitment of $ 317 billion in future contracts was enough to trigger stock market enthusiasm and propel Larry Ellison at the top of the richest men in the world.
With StargateSam Altman places AI to the rank of a new heavy industry, and this contract reflects the extent of the infrastructure demand IA today. According to Morgan Stanley, global expenses in flea, servers and data centers will reach $ 2,900 billion by 2028, A figure that summarizes the scale of an unprecedented industrial bet
