Margareta_Case (@Margareta_Case)

The Stargate Project is an #AI company created by OpenAI, SoftBank, Oracle and MGX. It plans on investing in up to $500 billion in AI infrastructure by 2029. Company type: Private Industry: Artificial intelligence Founded January 21, 2025; 1 day ago Founders: Sam Altman (OpenAI) Larry Ellison (Oracle) Masayoshi Son (Softbank) Key people : Masayoshi Son (chairman) Owners: Open AI Oracle Corporation SoftBank Group MGX The company was started with an investment of $100 billion and that may rise to up to $500 billion by 2029. The company is currently building 10 data centers in Texas and will later expand to more states. Altman has said that SoftBank will have the "financial responsibility" of the company and OpenAI will have the "operational responsibility, OpenAI and Microsoft initially started developing an AI supercomputer "Stargate" in 2024. In addition to the founding partners, tech giants such as Arm, Microsoft, and NVIDIA are collaborating on this initiative. The Stargate Project aligns with recent efforts to bolster U.S.-based AI infrastructure, responding to the increasing needs for data and computing power required by advanced AI models. This initiative is seen as pivotal in advancing AI capabilities and enhancing U.S. competitiveness in AI against global powers like China. #openai #softbank #Oracle #Microsoft #nvidia https://openai.com/index/announcing-the-stargate-project/... https://www.ft.com/.../48eb53a1-67ca-4509-8c62...