Stargate Project, incorporated in Delaware as Stargate LLC, [1] is an American multinational artificial intelligence (AI) joint venture created by OpenAI, SoftBank, Oracle, and investment firm MGX. [2] The venture plans on investing up to US$500 billion in AI infrastructure in the United States by 2029. It has been planned since 2022 and was formally announced on January 21, …

Jan 22, 2025 · The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately.

Jan 22, 2025 · The project, a joint venture between Oracle, Open AI and Softbank, includes the promise of nearly $500 billion to be invested into artificial intelligence infrastructure over the next four years.

Jan 22, 2025 · President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank.

Jan 23, 2025 · OpenAI, SoftBank, Oracle, and the UAE's MGX on unveiled a company on Tuesday that plans to invest $500 billion in AI infrastructure for OpenAI in the U.S. Why it matters: SoftBank is doubling down on its OpenAI bet, and it reduces OpenAI's reliance on the infrastructure of Microsoft, its largest investor.

Jan 23, 2025 · SoftBank and OpenAI each plan to commit $19 billion of capital to Stargate, according to The Information. The two companies would then both own 40% of the joint venture. Stargate, which also...

Jan 21, 2025 · “The Stargate Project is a new company which intends to [build] new AI infrastructure for OpenAI in the United States,” OpenAI, Oracle, and SoftBank said in a joint statement. “This project ...

Jan 23, 2025 · OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund Stargate, a joint venture to develop data centers for artificial intelligence in the U.S., the Information...

Jan 22, 2025 · The venture is a partnership between OpenAI, Oracle, Japan's Softbank - led by Masayoshi Son - and MGX, a tech investment arm of the United Arab Emirates government. ... Stargate's first data ...

Jan 21, 2025 · The Stargate Project is a new company funded by SoftBank, OpenAI, Oracle, and MGX to build AI infrastructure for OpenAI in the US. Nvidia, Microsoft, and Arm are among the technology partners...