We may now know roughly how much money SoftBank and OpenAI are contributing toward Stargate, OpenAI's massive data center project.
OpenAI, SoftBank Group, Abu Dhabi, and Oracle are among the players in a joint venture meant to pour hundreds of billions more into AI data center funding.
Two of the most powerful tech leaders in the world, Microsoft CEO Satya Nadella and Tesla CEO Elon Musk, are not exactly fans of the $500 billion Stargate AI initiative announced by Trump this week.
Companies such as Oracle Corp. ORCL, Nvidia Corp. NVDA, Microsoft Corp. MSFT and SoftBank Group Corp. JP:9984 were involved in the initiative and saw their stocks move higher on the enthusiasm.
The new joint venture between OpenAI, Oracle, SoftBank and other partners intends to build the infrastructure needed to greatly expand artificial intelligence in the U.S.
Microsoft’s absence from OpenAI’s Stargate announcement follows months of tensions and signals a new era in which the longtime partners will be less reliant on each other. Dig deeper: ...
The Stargate AI project has prominent and wealthy backers, but $500 billion in spending could still prove to be a heavy lift.
Good for OpenAI, bad for Musk—just one piece in the race for data, AI, and global power. A glimpse into the future of U.S.