OpenAI, SoftBank Each Commit $19 Billion to Stargate Data Center Venture
OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund a joint venture to develop data centers for artificial intelligence in the U.S., OpenAI CEO Sam Altman told some colleagues Wednesday.
The ChatGPT developer would effectively hold a 40% interest in the venture, Stargate, and it would act as a kind of extension of OpenAI, he said. Stargate stems from Altman’s longtime concern about his company’s access to servers as it faces rising competition from Elon Musk and others. Altman’s comments imply SoftBank would also have a 40% interest.
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