Tag: Argentina

Assistive TechnologyEnergy

OpenAI’s Stargate Argentina Project to Be Powered by Central Puerto Under New MoU

Argentina’s Central Puerto has signed a Memorandum of Understanding to supply hydroelectric power for OpenAI’s massive Stargate Argentina data center project. The $25 billion initiative in Patagonia represents one of OpenAI’s largest international expansions to date, with construction reportedly beginning next year.

Major Power Agreement for AI Infrastructure

Central Puerto, one of Argentina‘s largest power producers, has signed a Memorandum of Understanding to supply electricity for a portion of OpenAI‘s planned Stargate Argentina project, according to reports from Bloomberg. The agreement marks a significant step forward for the $25 billion data center initiative announced earlier this month by the Argentine government.

by Darren Holt
Economy and TradingInternational Business and Trade

U.S. Arranging $20 Billion Private Finance Facility for Argentina Debt Support

The Trump administration is organizing a $20 billion private finance facility to support Argentina’s debt obligations. Treasury Secretary Scott Bessent confirmed the “private sector solution” involving banks and sovereign-wealth funds.

Major Financial Backstop for Argentina

The Trump administration is reportedly assembling a substantial $20 billion private finance facility that could serve as a crucial backstop for Argentina’s debt obligations, according to statements from Treasury Secretary Scott Bessent. The development represents a significant expansion of financial support for the South American nation currently facing economic challenges.

by Natalie Brooks