US tech company OpenAI, the creator of ChatGPT, has signed a letter of intent to build a massive artificial intelligence data centre in Argentina’s Patagonia region – the first of its kind in Latin America.
The Stargate Argentina project, announced by Argentina’s government on October 10, promised a partnership with domestic firm Sur Energy and an investment of some US$25 billion, according to a statement.
It was later clarified that the funds will be derived from Milei’s “Régimen de Incentivos para Grandes Inversiones” incentive scheme for major investments – better known as RIGI – and that Sur Energy will be leading the charge on the project.
According to the government statement, OpenAI will be participating as the main buyer of computing capacity, but only once the centre is
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