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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 ...
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.
The project will invest $500 billion over four years into AI infrastructure for OpenAI in the United States, which Trump said will build data centers and create more than 100,000 U.S. jobs.
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 ...
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 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.