OpenAI, SoftBank each commit $19 bln to Stargate AI data center, the Information reports
OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund a joint venture to develop data centers for artificial intelligence in the U.S., the Information reported on Wednesday, citing OpenAI CEO Sam Altman speaking to colleagues.
OpenAI and Softbank are starting a $500 billion AI data center company
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.
OpenAI, SoftBank each commit $19 billion to Stargate AI data center, the Information reports
The ChatGPT maker will hold a 40% interest in Stargate, and would act as an extension of OpenAI, the report said, citing OpenAI CEO Sam Altman speaking to colleagues. OpenAI and SoftBank did not immediately respond to Reuters' requests for comment.
SoftBank, OpenAI Plan $19 Billion Each for Stargate, Information Reports
SoftBank Group Corp. and OpenAI each plan to commit $19 billion of capital to Stargate, the $100 billion US AI endeavor President Donald Trump unveiled this week, the Information reported.
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Trump announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the next wave of AI.
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The Stargate project aims to secure American leadership in AI, protect US national security, and create hundreds of thousands of jobs.
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