OpenAI's Stargate project receives $3 billion investment from Blue Owl Asset Management.

According to a source familiar with the matter, Blue Owl Capital, one of Wall Street's largest private lenders, is ramping up its investments in artificial intelligence, spending approximately $3 billion to build a data center in New Mexico as part of OpenAI's "Stargate" project. With nearly $300 billion in assets, Blue Owl Capital has become a major investor in AI infrastructure, particularly adept at undertaking the riskiest parts of large projects. (The Information)