A plan to build a system of data centers for artificial intelligence has been revealed in a White House press conference, with Masayoshi Son, Sam Altman, and Larry Ellison joining Donald Trump to announce The Stargate Project.
President Trump unveiled the AI initiative on Tuesday alongside the executives of OpenAI, Oracle and Softbank.
OpenAI, SoftBank, Oracle, and President Trump unveil a $500 billion dubbed Stargate project to build massive data centers for AI advances in the United States.
Microsoft is OpenAI's largest investor, with a 49% stake, translating to $14 billion. As part of its complicated partnership with the ChatGPT maker, Microsoft was once the exclusive cloud computing partner for OpenAI. However, OpenAI's $500 billion investment in computing infrastructure changes its relationship with Microsoft.
OpenAI and SoftBank have both committed $19 billion each to the Stargate venture worth $500 billion to build AI data centres in the U.S.
OpenAI says that it will team up with Japanese conglomerate SoftBank and with Oracle, along with others, to build multiple data centers for AI in the U.S. The joint venture, called The Stargate Project,
President Donald Trump announced a joint venture Tuesday with OpenAI, Oracle and SoftBank to invest billions of dollars in AI infrastructure in the United States.
Microsoft confirms its partnership with OpenAI remains intact despite OpenAI's new venture with Oracle and SoftBank, led by SoftBank CEO Masayoshi Son
Microsoft’s absence from OpenAI’s Stargate announcement follows months of tension between the companies and signals a new era in which the longtime partners will be less reliant on each other. At a White House press conference,
Japanese tech giant SoftBank Group Corp. as well as OpenAI and Oracle Corp. will form a new company that will invest at least $5
The investment brings together an alliance of tech giants. While SoftBank and OpenAI are lead partners—with SoftBank handling financials and OpenAI managing operations—Oracle and MGX have also joined as equity funders.