It’s been three months since SoftBank’s Masayoshi Son and OpenAI co-founder Sam Altman promised during a White House briefing to swiftly deploy $100 billion, and raise that figure to $500 billion o…
SoftBank and OpenAI’s plan to “immediately” invest $100 billion in artificial intelligence infrastructure in the US as part of the much-hyped Stargate project has faced months of delays due to fears that President Trump’s tariffs could send costs soaring, according to a report.The two companies reportedly held early-stage talks with dozens of lenders and alternative asset managers, including Mizuho, JPMorgan, Apollo Global Management and Brookfield Asset Management.
Trump has touted Stargate as an example of an influx of US investments under his leadership. The project intends to build up to 20 massive data centers across the country. However, China’s DeepSeek AI model – which it claims took relatively little time and funding to get off the ground – has left Wall Street questioning whether multi-million dollar data center ventures are worth it.Last week, Altman told a congressional hearing about his visit to the venture’s first data center site in Abilene, Texas. It’s being developed by Oracle and will become “the largest AI training facility in the world,” Altman said.
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