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SoftBank and OpenAI's Stargate aims building small data center by year-end, WSJ reports
UNITED STATES, JUL 21 – The $500 billion Stargate project faces delays and disputes over data center locations, now focusing on a single smaller facility in Ohio by the end of 2025, sources say.
- Announced in January, the $500 billion Stargate initiative is a collaboration between OpenAI and SoftBank aimed at developing advanced AI data centers throughout the United States.
- Major disagreements over partnership structure and site locations have delayed Stargate, preventing it from securing any major data center deals six months after launch.
- The partners now plan to open a smaller data center by the end of the year, likely located in Ohio, while OpenAI is independently developing other Stargate-branded capacity in multiple states.
- Elon Musk asserted that the funds were not actually available, mentioning SoftBank has secured significantly less than $10 billion, while Altman and Ellison emphasized that Stargate's efforts have the potential to develop treatments for illnesses such as cancer.
- These delays and scaled-back ambitions suggest the Stargate project faces difficulties delivering on its promises but could still influence AI infrastructure and job creation in the U.S.
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In January, Sam Altman, the CEO of OpenAI and Masayoshi Son, CEO of SoftBank, stood next to President Donald Trump to announce that the launch of the Stargate Project, a company that aims to invest $500,000 billion to develop data centers for artificial intelligence of a total of 10 gigawatts in the United States within the next four years. SoftBank is the organization’s financial manager, while OpenAI deals with the operation. Other companies s…
Masa Son and Sam Altman’s Massive “Stargate” Initiative Flops, Nothing but Hot Air Between Two Egomaniacs
(ZeroHedge)—Back in January, when the AI trade got its latest kick higher thanks to an announcement by the newly-created “Stargate” project between OpenAI and Japan’s cartoonish momo-chasing titan Masa Son and his conglomerate SoftBank, that the initiative would spend $500 billion over 4 years to build new AI infrastructure for OpenAI in the US and would deploy $100 billion “immediately”, we said that this was one giant pipe dream as the initiat…
Masa Son and Sam Altman's Massive "Stargate" Initiative Flops, Nothing but Hot Air Between Two Egomaniacs - 🔔 The Liberty Daily
(ZeroHedge)—Back in January, when the AI trade got its latest kick higher thanks to an announcement by the newly-created “Stargate” project between OpenAI and Japan’s cartoonish momo-chasing titan Masa Son and his conglomerate SoftBank, that the initiative would spend $500 billion over 4 years to build new AI infrastructure for OpenAI in the US and would deploy $100 billion “immediately”, we said that this was one giant pipe dream as the initiat…
Huge Texas data center moves ahead as Trump-backed Stargate AI project faces questions
ChatGPT creator OpenAI and cloud computing giant Oracle are partnering to bring 4.5 gigawatts of power to data center projects, including one currently under construction in Abilene. The deal is part of the Stargate Project, which was announce by President Donald Trump in January alongside a $500 billion investment. Yet sources say the project has been struggling to take off as planned.
DECRYPTAGE - Six months after its big-pump presentation at the White House, the joint venture between OpenAI, SoftBank and Oracle is struggling to conclude its first projects.
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