Jan 21, 2025 · The Stargate Project is a new company which 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 immediately. ... SoftBank and OpenAI are the lead partners for Stargate, with SoftBank having financial responsibility and OpenAI having ...

Jan 21, 2025 · The Stargate Project is an American artificial intelligence (AI) joint venture created by OpenAI, SoftBank, Oracle, and investment firm MGX. [1] The venture plans on investing up to US$500 billion in AI infrastructure in the United States by 2029. It has been planned since 2022 and was formally announced on January 21, 2025, by United States president Donald Trump. [2]

Jan 21, 2025 · WASHINGTON (AP) — President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank.. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to ...

Jan 21, 2025 · OpenAI and Softbank are starting a $500 billion AI data center company / ‘The Stargate Project’ is starting its buildout in Texas, with participation from Oracle, MGX, Microsoft, Nvidia, and...

Jan 22, 2025 · US President Donald Trump has announced an "at least" $US500 billion ($799 billion) artificial intelligence project — Stargate. The venture, to be led by Japanese giant Softbank, cloud giant Oracle and ChatGPT-creator OpenAI, will create an …

Jan 22, 2025 · The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement. ... The OpenAI press release further explains that the project ...

Jan 21, 2025 · OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Chairman of Oracle appeared is set to appear at the White House Tuesday afternoon alongside President Donald Trump and other tech CEOs to ...

Jan 21, 2025 · Trump Announces $100 Billion A.I. Initiative. OpenAI, Oracle and SoftBank formed a new joint venture called Stargate to invest in data centers, building on major U.S. investments in the technology.

Jan 22, 2025 · Stargate also appears to mark an end to OpenAI’s exclusive cloud computing partnership with Microsoft, meaning the startup is now free to train its models with other providers. In return...

Apr 2, 2024 · Microsoft and OpenAI are working on a new AI supercomputer data center headquartered in the U.S. that could cost over $100 billion, The Information reports.