OpenAI and Softbank are starting a $500 billion AI data center company
Briefly

The announcement of The Stargate Project was made during a White House press conference featuring key figures such as Masayoshi Son, Sam Altman, and Larry Ellison alongside Donald Trump. This initiative seeks to establish a network of data centers dedicated to artificial intelligence, backed by significant funding of $500 billion from major equity investors. OpenAI's statement highlights the collaboration of several prominent technology companies, indicating that the project is already underway, beginning in Texas, with plans for additional sites across the U.S.
The Stargate Project will strategically enhance the AI infrastructure in the United States, with investments totaling $500 billion over the next four years.
Key tech partners like Microsoft, NVIDIA, and Oracle will be integral in building and operating this new AI system, starting in Texas.
Read at The Verge
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