OpenAI and Sur Energy have signed a letter of intent to build a $25 billion, 500-megawatt data center in Argentina, marking OpenAI's first major infrastructure project in Latin America. The "Stargate Argentina" initiative is backed by Argentina's RIGI tax incentives and positioned as "one of the largest technology and energy infrastructure initiatives" in the nation's history.

"We are proud to announce plans to launch Stargate Argentina, an exciting new infrastructure project in partnership with one of the country's leading energy companies, Sur Energy," OpenAI CEO Sam Altman said on social media. Altman added that the region was "full of talent, creativity and ambition."

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