“There is a wealth of capital available in the world to invest in digital infrastructure.”
Huge data center with investment of 25 billion USD It was announced that it would be installed to supply Patagonia. OpenAIgiant behind Chat GPTthe start date for construction and commissioning has already been determined. Construction of the building and systems is expected to begin in 2026, with operation expected to begin in 2027..
This is how he went about it Emiliano KargimanArgentinian co-founder surreal energya local company he partnered with OpenAI to run the project stargatewe promise to be The largest technological infrastructure in Argentina’s history And it aims to make the country a major hub for artificial intelligence (AI) supply in the region.
In this context, Casa Rosada emphasized that OpenAI’s interest “reflects its interest in investing in technological infrastructure that will expand the reach of AI globally, in line with Argentina’s plans.” Integrate as a sustainable innovation hub”.
OpenAI also has other efforts in Europe and Asia. It will be the first and most ambitious in Latin America. We do not make direct investments, but promised to buy all the electricity be generated by the installation and provided for at least 15 years.
“We plan to submit our application to RIGI in early 2026” and proceeded. clarion Kargyman talks about plans to sign up for the incentive scheme at the consulting firm’s annual forum. Abeseb.
The businessman is also the founder and CEO of a microsatellite company. satelogic. The development of the data center was conceived together with Matías Travizanoalso an Argentinian and a friend of a physicist who died in a mountain climbing accident in California.
It was September, just a few days ago. Announcement made by Mr. Kargyman to Mr. Javier Millay together in october Chris Lehaneformerly of OpenAI, served as press secretary to the US vice president in the 1990s.
Travizzano was in contact with Millais through Demian Rydellformer chief advisor and current president Nucleoelectrica Argentina SAa state-run nuclear energy company that the government is seeking to privatize. After Millay’s visit to Silicon Valley, the idea of turning Argentina into an AI hub was strengthened.
“Sur Energy is founded by three technology entrepreneurs. I don’t live in Silicon Valley anymore, but I did for years. My partner Matt lived in San Francisco; Stan Chudnovsky “AI lives there,” Kargyman said of the company’s director of data center projects that combine advanced technology and clean energy to drive global growth in AI.
Javier Millay, Demian Reidel, and the executives driving the project. Photo: ArchiveWhat would a Stargate project offering OpenAI look like?
Regarding the choice of betting location, he admitted: They plan to decide on a location “based on a series of criteria in the coming months.” Candidate states are Rio Negro, Neuquen, Chubut, Santa Cruz, and Tierra del Fuego.due to the intensive use of energy that the project requires.
“There are 5 potential locations It has the characteristics associated with high-voltage lines and substations necessary to supply energy. Requires fiber optic connection Get the data. On top of that, There must be a population nearby “Several thousand employees will be required during construction, and approximately 100 employees will be required during operation,” he said, detailing the conditions the site must meet and the workforce Stargate will use.
Payment includes: First tranche between USD 7 billion and USD 8,000 million Bringing 100 megawatts of capacity online in 2027; In the second phase, that amount will increase to $25 billion. Expansion to 500 MW is planned.
For Kargyman, collaboration with the United States influenced the decision. Photo: Abesebasked about origin of capitalKargyman argued that: will come from the private sector. “These are investment funds managed by the largest international managers that finance projects of this kind. In Argentina, this is less common. But… There is plenty of capital available to invest in digital infrastructure. In the world. “Maybe there will be some multilateral organizations involved,” he predicted, without naming names.
Sur Energy has already signed a contract Contract with cloud solution developer With Central Puerto and Geneiaan energy company that provides renewable energy.
According to the businessman, “OpenAI decided to take the leap first That’s because they’re starting to look at ways to distribute their computing centers outside the United States. ” “Stargate has already opened in Norway and the United Kingdom, and we have announced that it will open in the United Arab Emirates as well. They do these kinds of projects in different places around the world.” he explained.
Sur Energy has already signed agreements with Central Puerto and Genenia. Photo: Archivehe also admitted that Cooperation between Argentina and the United States influenced decision making. “Exports of GPU boards, a component used to power artificial intelligence, are controlled by the United States and are not sent anywhere in the world. relationships matter today” emphasized the relationship between Javier Millay and donald trump.
“This country seemed like a logical place in Latin America. One of the historical problems we have in attracting this type of investment is that there is a lot of volatility.. We didn’t really hear anything after the election, but from the perspective of someone who is looking to invest or do contracts in this country, whoever the government is. Continuation is a positive thing” analyzed the situation after the election.
and he announced that Nuclear energy could play an important role in investment. “It’s one of the energy sources these companies are looking at to power their data centers. It takes 10 years to start up a new nuclear reactor. Its growth depends on demand” concluded.