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Openai Announces $500 Billion Stargate Project
Openai has announced the Stargate Project, a $500 billion endeavor focused on building the infrastructure to facilitate the development of the industry on U.S. soil.
Openai Reveals Softbank-Led Stargate Project
Openai, a pioneering company in the artificial intelligence (AI) industry, has announced the Stargate Project, an initiative that seeks to advance the industry in the U.S.
Stargate will be a new company focused on building infrastructure to power Openai’s research path to develop Artificial General Intelligence (AGI), a level of intelligence that would surpass humans in a wide range of activities.
The company, founded by Softbank, Openai, Oracle, and MGX, announced a total investment of $500 billion during the next 4 years. Softbank will have financial responsibility, while Openai will have operational duties for Stargate’s activities.
Arm, Microsoft, Nvidia, Oracle, and Openai will be the tech partners of Stargate, which is already starting the buildout of the company’s campuses in Texas. In addition, the company is evaluating to build more campuses in other states.
Stargate’s initial goal is to produce 10 mega data centers. This number could expand to 20 more locations.
Given the size and scope of the endeavor, Openai expects Stargate to become a powerhouse pushing the U.S. economy, deploying $100 billion immediately. Stargate is programmed to provide “hundreds of thousands of American jobs, and generate massive economic benefit for the entire world.”
On the effects of Project Stargate, Openai stated:
The project’s relevance for maintaining U.S. leadership in the field was also remarked on by President Trump, who was part of the official announcement. “China is a competitor, and others are competitors. We want it to be in this country, and we’re making it available. We have to get this stuff built,” Trump declared.
Openai raised $6.6 billion in October, reaching a $157 billion valuation to increase its computing power.
Read more: AI Powerhouse Openai Raises $6.6B Achieving a $157B Valuation