What Stargate Means and What It Doesn’t
Ten months ago, we broke the story that OpenAI and Microsoft were discussing “Stargate,” an unprecedented $100 billion data center supercomputer to take artificial intelligence to new heights. On Tuesday, Stargate finally became official—but largely without Microsoft.
At the White House on Tuesday, the leaders of OpenAI, Oracle and SoftBank said they’d formed a joint venture to initially spend $100 billion developing data centers for artificial intelligence in the U.S., with plans to invest $500 billion in total over the next four years. (More on those gargantuan amounts later.)
They’re doing so with the help of an Abu Dhabi fund, MGX, which invested in OpenAI’s last equity financing. MGX has $100 billion of its own to plow into U.S.-based projects and companies—apparently starting with Stargate!
Those deep pockets didn’t stop OpenAI rival and antagonist Elon Musk from claiming in a post on X that “they don’t have the money,” though. But Musk knows from experience that valuable companies can raise debt for these kinds of projects.
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