United Kingdom, Dec. 7 -- OpenAI and NextDC have signed a memorandum of understanding to co-develop a next-generation hyperscale AI data centre in Sydney.

According to a statement published by NextDC, the partnership will see the Australian data centre operator and the ChatGPT maker collaborate on the planning, construction and operation of a large-scale GPU supercluster at the firm's S7 site in Eastern Creek, roughly 45km west of central Sydney.

The project is valued at A$7 billion (US$4.6 billion), according to reporting in the Australian Financial Review, and will support OpenAI's enterprise clients across Australia, including Commonwealth Bank, Wesfarmers, Canva and Virgin Australia.

The news sent NextDC shares up as much as 11 per...