© 2024 AIDIGITALX. All Rights Reserved.

OpenAI and SoftBank Launch $500 Billion AI Data Center Company

It was unveiled during a White House press conference, featuring Sam Altman (OpenAI CEO), Masayoshi Son (SoftBank Chairman), Larry Ellison (Oracle Founder), and President Donald Trump.
Donald Trump stands to the side as OpenAI CEO Sam Altman delivers a speech from a lectern at the White House.
Image: The White House (YouTube)

$500B AI Data Center Project Starts in the U.S.

OpenAI and SoftBank have teamed up to launch The Stargate Project, a $500 billion investment in AI infrastructure across the United States. Over the next four years, this initiative will secure America’s leadership in AI, create hundreds of thousands of jobs, and deliver massive economic and technological benefits worldwide.

Masayoshi Son will serve as chairman of Stargate, with SoftBank taking financial responsibility and OpenAI leading operations.

Here’s what we know:

  • $100 billion will be deployed right away.
  • Stargate will help rebuild U.S. industrial capabilities while bolstering national security.
  • SoftBank, OpenAI, Oracle, and MGX are leading the charge, with technology support from Arm, Microsoft, NVIDIA, Oracle, and OpenAI.
  • The project is already started in Texas, with plans for more sites across the U.S.
Advertisement

According to OpenAI, the statement highlights a close collaboration between Oracle, NVIDIA, and OpenAI to design, build, and operate this revolutionary computing infrastructure. While OpenAI continues its partnership with Microsoft, there are updates to their arrangement.

Microsoft retains rights to OpenAI’s intellectual property, revenue-sharing agreements, and exclusivity on OpenAI APIs through 2030. OpenAI has committed to a major expansion of its use of Azure, which will support all OpenAI products and AI training efforts. Microsoft now holds a right of first refusal for OpenAI’s future capacity-building efforts.

Trump Hosts Stargate AI Project Announcement at White House

This bold step forward is designed to support the development of AI and AGI (artificial general intelligence) that will elevate humanity, sparking creativity and innovation across the globe.

Stargate is ready to partner with firms in power, construction, equipment, and beyond to build the future of AI.

NewsletterYour weekly roundup of the best stories on AI. Delivered to your inbox weekly.

By subscribing you agree to our Privacy Policy & Cookie Statement and to receive marketing emails from AIDIGITALX. You can unsubscribe at any time.

Advertisement
Take a look at this too …
Steve Rick
Steve Rick

Steve Rick is an AI researcher and author. He specializes in natural language processing(NLP). He published articles on the transformative power of AI.

Welcome to our comments section!

We value your feedback and encourage you to share your thoughts in the comment section. Let’s keep the conversation meaningful, respectful, and inclusive.

For the best user experience, commenting is closed after an article has been posted for seven days. Please ensure your comments align with our Community Guidelines.

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments