The first data center for a $500 billion artificial intelligence project arrives in small-town Texas, alongside a potentially harmful natural gas plant.

The increase in AI expenditures is good news for Nvidia, which is the market leader for AI computing hardware and solutions.

CEO Mark Zuckerberg said the parent company of Facebook and Instagram is ramping up its investments to compete in the AI arms race.

Oracle stock has been rallying since the tech giant said Monday it had landed a $30 billion annual cloud deal.

Oracle will develop multiple data centers across the US with partners, Bloomberg reports. The existing Abilene, Texas, data center campus, built with partner Crusoe, could be expanded from 1.2GW to 2GW, while it is also evaluating other sites in Texas.

Coreweave is acquiring the data center infrastructure provider Core Scientific in a $9 billion all-stock transaction.

Multiple news outlets have confirmed that the eye-popping, $30 billion-a-year contract that Oracle revealed earlier this week is with artificial intelligence

Stargate — OpenAI’s project with partners including Oracle and SoftBank Group Corp. to invest $500 billion in AI infrastructure — was first announced in January at the White House. So far, Oracle has developed a massive data center in Abilene, Texas, for OpenAI alongside development partner Crusoe.