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Stargate Project, incorporated in Delaware as Stargate LLC, [1] is an American multinational artificial intelligence (AI) joint venture created by OpenAI, SoftBank, Oracle, and investment firm MGX. [2] The venture plans on investing up to US$500 billion in AI infrastructure in the United States by 2029.
A person familiar with Stargate refuted Musk's claims, telling Yahoo Finance that the project is indeed prepared to immediately deploy the initial $100 billion investment, noting that SoftBank had ...
OpenAI has a new $500 billion project called Stargate. Consider it an extraordinary attempt by the ChatGPT maker to build itself a whole new moat in the face of growing competition from rivals at ...
The companies will invest $100 billion in the project to start, with plans to pour up to $500 billion into Stargate in the coming years. The project is expected to create 100,000 US jobs, Trump said.
Donald Trump has announced a $500 billion "Stargate Project." Backed by major tech companies, it aims to boost AI infrastructure in the U.S. Donald Trump has announced a new $500 billion "Stargate ...
In March 2024, tech news website The Information reported OpenAI and Microsoft were working on plans for a $100 billion data center project that would include an artificial intelligence ...
The rest of the world would certainly struggle to match a $500 billion project such as this, particularly when another late Biden move capped exports of U.S. AI chips to all but 18 countries.
SoftBank CEO Masayoshi Son will lead massive $500 billion Stargate project with OpenAI’s Sam Altman and Oracle’s Larry Ellison. Amanda Gerut. Updated January 22, 2025 at 10:02 AM.