OpenAI and SoftBank to Invest $19 Billion Each in Stargate Project

Big news in the tech world: OpenAI and SoftBank are reportedly teaming up to pour a whopping $19 billion each into Stargate, a massive project to build data centers across the U.S. This joint effort aims to support OpenAI’s growing AI needs, with plans to invest over $500 billion in total.

According to recent reports, both companies will own 40% of the venture, with additional backing from Middle East AI fund MGX. The project has already secured $100 billion in initial funding, part of which is being used to develop a facility in Abilene, Texas.

The stakes are high, and not everyone is convinced. Elon Musk, who runs a competing AI company, xAI, recently claimed on social media that Stargate “doesn’t actually have the money.” OpenAI’s Sam Altman quickly fired back, calling Musk’s statement “wrong.”

Stargate represents a huge leap forward in AI infrastructure, and its success could reshape how AI technologies are developed and deployed. Stay tuned as this story unfolds!

OpenAI and SoftBank to Invest $19 Billion Each in Stargate Project
https://www.99newz.com/posts/openai-softbank-stargate-investment-2303
Author
99newz.com
Published at
2025-01-23
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CC BY-NC-SA 4.0