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See the 10 stocks » Stargate "intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion ...
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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.
One story is driving stocks across the AI space higher today: the announcement of ‘Project Stargate.’ Stargate is a new company backed by Oracle, OpenAI, SoftBank, and MGX that aims to invest ...
That said, Microsoft has just let it slip that, separate from its involvement in Stargate, it plans to invest a whopping $80 billion into AI, including infrastructure, in this fiscal year alone.
The three companies, along with Abu Dhabi-based investment partner MGX, are the initial equity funders in Stargate. Arm, Microsoft , Nvidia , Oracle, and OpenAI are set to be the project’s key ...
Altman called Stargate, which will get an up-front investment of $100 billion from OpenAI, SoftBank, Oracle, and the Emirati AI investor MGX, the “most important project of this era.”
The Stargate project, a new joint venture announced in January, will involve multiple companies -- OpenAI, Oracle, and SoftBank-- investing hundreds of billions of dollars to help build data ...