stargate

OpenAI’s Stargate project reportedly struggling to get off the ground, thanks to tariffs

AI /

OpenAI’s ambitious Stargate data center project is facing delays thanks to tariff-related economic uncertainty, reports Bloomberg. Growing market volatility and cheaper AI services have made banks, private equity investors, and asset managers wary of investing in Stargate, an OpenAI-led project that aims to raise up to $500 million for AI infrastructure in the U.S. and […]

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OpenAI’s Stargate project sets its sights on international expansion

AI /

Stargate, a $500 billion project headed up by OpenAI, Oracle, and SoftBank to build AI data centers and other AI infrastructure in the U.S., is considering investments in the U.K. and elsewhere overseas, according to a Financial Times report.  While Stargate was initially launched as a way to boost U.S. AI infrastructure, the project is

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Macron unveils a $112B AI investment package, France’s answer to Stargate

Government & Policy /

French President Emmanuel Macron announced a total of €109 billion in private investments in the AI ecosystem (around $112 billion at current exchange rates) on Sunday evening. This week, Paris is hosting the Artificial Intelligence Action Summit — the third international summit focused on AI after the one in Bletchley Park in the U.K., and

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Stargate will use solar and batteries to power $100B AI venture

Climate /

The massive $100 billion Stargate joint venture will reportedly be powered, at least in part, by solar and batteries. The renewable power installations will be built by SoftBank-backed SB Energy, according to a report from Bloomberg, though they’re unlikely to be the venture’s sole source of energy. Stargate is a partnership between OpenAI, Oracle, and

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OpenAI’s Stargate project reportedly doesn’t have the money it needs

Government & Policy /

Stargate — the massive infrastructure project to build data centers for OpenAI in the U.S. — lacks a fully developed plan and hasn’t secured funding yet, according to a report from the Financial Times. Backed by OpenAI, SoftBank, Middle East AI fund MGX, and others, Stargate would funnel around $100 billion — and upward of

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OpenAI and SoftBank are reportedly putting $19B each into Stargate

AI /

We may now know roughly how much money SoftBank and OpenAI are contributing toward Stargate, the massive infrastructure project to build data centers for OpenAI across the U.S. SoftBank and OpenAI each plans to commit $19 billion of capital to Stargate, according to The Information. The two companies would then both own 40% of the

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Elon Musk and Sam Altman take to social media to fight over Stargate

Social /

Billionaire Elon Musk and OpenAI CEO Sam Altman are fighting on X about Stargate, the enormous infrastructure project to build data centers for OpenAI across the U.S. Stargate, announced Tuesday during a press conference at the White House, would funnel as much as $500 billion from investors including SoftBank and Middle East AI fund MGX

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OpenAI teams up with SoftBank and Oracle on $500B data center project

AI /

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, will begin with a large data center project in Texas and eventually expand to other states. The companies expect to commit $100

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