A historic partnership between OpenAI, SoftBank, Oracle, and Microsoft will invest $500 billion in new U.S.-based AI infrastructure over the next four years.
A groundbreaking partnership has emerged in the realm of artificial intelligence (AI) with OpenAI, SoftBank, Oracle , and Microsoft joining forces to establish The Stargate Project . This ambitious initiative will channel a staggering $500 billion into developing new U.S.-based infrastructure over the next four years, commencing with an immediate deployment of $100 billion. The project's inception was announced by U.S.
President Donald Trump on his second day in office, who also reversed former President Joe Biden's executive order on AI aimed at mitigating potential risks to consumers, workers, and national security. OpenAI and SoftBank will serve as the lead partners, with SoftBank assuming financial responsibility and OpenAI overseeing operations. Masayoshi Son, CEO of SoftBank, will assume the role of chairman of The Stargate Project. Oracle, alongside OpenAI, will be pivotal technology partners in this endeavor. Construction is currently underway in Texas, with the companies also exploring additional sites across the nation. This strategic alliance aligns with the broader U.S. government and private sector push to bolster AI infrastructure within the country, solidifying its position as a global leader in the field.The imperative to expand AI infrastructure stems from the substantial computing power required by AI programs, which are largely facilitated by specialized data centers with high energy consumption. OpenAI has underscored the project's aim to deepen existing partnerships with Nvidia and Microsoft, both of which are significant investors in the AI company. Following the announcement, shares of Oracle, Microsoft, and Nvidia experienced notable growth in aftermarket trading, ranging from 1% to 3.5%. Oracle witnessed an even more substantial surge of over 7% during Tuesday's trading session based on initial reports of the partnership.
Artificial Intelligence (AI) Infrastructure Openai Softbank Oracle Microsoft The Stargate Project
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